The Internet of Things (IoT) will change claims and risk forever

April 4, 2018

IoT will evolve the claims process and allow insurers to develop services for proactive loss prevention. Instead of being focused on claims after the fact, the model shifts to the prevention of claims using sensors and real-time monitoring. In addition, there are opportunities to improve incident management and claims service such as automating and speeding up the provision of towing or loaner cars following accidents rather than just repaying the costs.

Spotlight

ISI Technology

ISI Technology and CEO Jerry Callahan have created the Heatworks MODEL 1. The Heatworks MODEL 1 is the world’s first 100% digital water heater. Replace or improve any existing water heating system while enjoying instant and infinite hot water, a significantly longer lifespan with zero required maintenance, and ultimate control.

OTHER WHITEPAPERS
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Monitoring IT, OT and IIoT with Paessler PRTG: use cases and dashboards

whitePaper | May 18, 2022

Digitalization and the convergence of IT and OT makes it crucial to have a unified view of your entire infrastructure. From machines on the factory floor, PLCs, programmable logic controllers and IIoT devices, through to industrial gateways and IPCs – you need to know the status and condition of it all.

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Accelerating the Impact of Industrial IoT in Small and Medium‑Sized Enterprises

whitePaper | February 12, 2020

Small and medium sized enterprises (SMEs) in the manufacturing sector are being left behind in the Fourth Industrial Revolution. This worrying trend is exacerbating economic inequality, stifling opportunities for social mobility and dragging down global industrial productivity. To benefit from the technological advancements of the Fourth Industrial Revolution, SMEs will need to overcome a range of challenges including a dearth of skilled employees, lack of access to capital and unclear returns on investment, a need to revamp their firm’s infrastructure and processes, a need to update information technology and operational technology, and navigate a nascent technology landscape that is currently poised to serve larger companies.

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How is the IoT world shaping up in 2021 and what trends will influence the future of IoT?

whitePaper | June 8, 2021

Despite the close of a tumultuous 2020 and the start of 2021, connected devices will continue to shape the future of numerous industries and businesses are confident that the Internet of Things (IoT) will play a key role in the future success of their trade. Several trends continue to gather momentum, stimulating IoT’s prominence in 2021, from Industrial IoT devices to health-and-safety applications as COVID-19 continues to take center stage. Here are a few facts, figures and trends, gathered across the web, that can help us understand where the IoT world is at, how it’s been impacted by the pandemics, and what to expect over the next few years.

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Growing 5G+Wi-Fi RF Complexity Demands Innovative, Advanced & Tightly Integrated RFFE Solutions

whitePaper | July 28, 2023

According to Counterpoint Research, the 5G+Wi-Fi 7 market will see cumulative shipments of over 7 billion devices through 2027 and grow at more than 100% annually between now and 2027 driven by leading applications including smartphones, gateways and routers, and the automotive sector.

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Smart Intersections – IoT insights using Wi-Fi

whitePaper | November 28, 2019

Globally, more than 1.25 million people die in road traffic crashes every year and a further 50 million people are injured or disabled.¹ Meanwhile, congestion costs Australians $16.5 billion in 2015, according to the Bureau of Infrastructure, Transport and Regional Economics. The price of congestion is expected to double between $27.7 and $37.3 billion by 2030, without major policy changes.

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CYBER SECURITY IN THE ERA OF INDUSTRIAL IOT

whitePaper | February 6, 2020

Industrial cyber security has been a topic of much debate over the last decade. Despite the industry’s widespread acknowledgement of its significance, cyber security in the industry continues to be an elusive subject for many. A huge gap exists in understanding the implications of cyber security; however, the subject has been greatly discussed. Interestingly, the industrial environment is currently passing through a key phase, where the idea of Internet of Things (IoT) is beginning to pervade all areas of industrial operation. This ongoing change is poised to expand the complex security needs in the factories of the future.

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Spotlight

ISI Technology

ISI Technology and CEO Jerry Callahan have created the Heatworks MODEL 1. The Heatworks MODEL 1 is the world’s first 100% digital water heater. Replace or improve any existing water heating system while enjoying instant and infinite hot water, a significantly longer lifespan with zero required maintenance, and ultimate control.

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