IBM® IoT for Insurance can deliver a customized shield of protection to increase customer satisfaction, lower costs and mitigate risk.

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Proactive protection for the connected consumer

The volume of data generated by the Internet of Things is staggering. Insurers need to aggregate and analyze this data proactively to shield people and their property.

IoT for Insurance

IoT for Insurance collects and analyzes data about the policyholder to help insurers customize shields of protection for each customer.

Lower costs

Customer retention costs significantly less than customer acquisition. But, to retain customers, interactions with the policyholder must be timely, personalized and relevant.

IBM Watson™ Customer Insight for Insurance

With IBM IoT for Insurance, insurers can gather sensor data from the home, car and other sources while applying advanced analytics to uncover insights—leading to higher customer satisfaction, less churn and lower costs.

Improve performance

Many claims could be avoided if insurers and policy holders had the right information at the right time.

Cloudy with a chance of mishap

IoT for Insurance uses data generated from connected devices, applying advanced analytics to pre-empt the potential impacts—and claims—that may result from events like bad weather, health issues, water leaks and car wrecks.

Manage risk

Sensor-equipped devices can transmit an enormous amount of information, but data analysis is needed to gain insights that can be put into action.

Use advanced analytics to gain insights proactively that influence critical decisions

Advanced analytics can not only help identify each policyholder’s risk profile, but also provide valuable feedback to help them avoid risky situations and behavior. With IBM IoT for Insurance, insurers can leverage both structured and unstructured data to help the policyholder manage a multitude of risks.

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IBM IoT for Insurance

With IBM IoT for Insurance, insurers can provide holistic protection personalized to the consumer, therefore shifting the very nature of risk. Real-time risk assessments are derived, influencing the behavior of the policyholder.

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