How IoT Will Transform The Auto Insurance Industry

How IoT Will Transform The Auto Insurance Industry

Automobile Insurance as an industry works on traditional methods. These methods are tried, tested and used by multiple insurers. They eventually get the same result – Time-consuming claim settlement process and fraudulent claims! Low levels of accuracy and manual processes are the main culprits for an automobile insurer. In this article let’s understand how IoT will transform Auto Insurance Industry for the better. What Is the Buzz Surrounding IoT? With the innovation of a new Internet protocol: IPv6, a breakthrough technology called the Internet of Things (IoT) was conceptualized. With IoT, it is possible to make physical objects deliver […]