IoT Insurance Observatory

A full day of discussion about the #IoT usage in the different insurance business lines with the European members of the IoT Insurance Observatory in Turin #iotinsobs

Telematics for EU carriers: Waiting for Godot: why the delay for #telematics in Europe? #linkedinlive from Insurance Innovator Summit in London https://lnkd.in/e_jBjekq #iotinsobs

The 2024 Telematics Report is here! Get your free copy: https://lnkd.in/eEH28P3c We’re thrilled to announce the release of SambaSafety’s “2024 Telematics Report: Connecting the Dots on Strategies & Adoption.” The report explores the current state of telematics, highlighting new data on adoption, challenges and strategic shifts in risk management impacting P&C insurers, brokers and fleets. This year, we partnered with the Risk & Insurance Education Alliance and IoT Insurance Observatory to bring you exclusive insights and perspectives from industry experts: 🔹 Nancy Bendickson, CDS, CSP, ARM, Managing Consultant, Aon  🔹 Matteo Carbone, Founder & Director, IoT Insurance Observatory  🔹 Sara Wojcik, Sr. Director, DOT Compliance & Transportation Safety, Sunbelt Rentals, Inc. Key findings include:  💡 82% of commercial insurers now leverage telematics, up from 65% last year. 💡 51% of fleets plan to expand their telematics devices or providers over the next year. 💡 75% of insurers cite convincing fleets to share telematics data as the most significant barrier, while 74% of fleets indicate they don’t share data simply because they’ve never been asked. Our CEO Matt Scheuing notes, “As the industry faces mounting claims costs, nuclear verdicts and increasing roadway risks, telematics offers an important tool for overcoming these challenges. This report provides in-depth insights into how insurers, brokers and fleets are using telematics to create safer roads and establish more profitable insurance programs.” Read the press release: https://lnkd.in/dMk_dnf2

Ready to kick-off the North American IoT Insurance Observatory plenary session #iotinsobs

My fellow auto insurance professionals, you don’t need the #Telematics Genie to grant your CEO’s wishes …with the technologies available today, you can do it‼️ There are case histories that have demonstrated with Facts&Figures that this is achievable 👉🏻 https://bit.ly/3W0Cp4m It will not appen overnight (magic transformations are only tale stuff), but it is an achievable target with a multi-year commitment What are you waiting for starting (seriously) you telematics journey? 🤔 #iotinsobs

𝗧𝗵𝗲 𝘁𝗿𝘂𝘁𝗵 𝗮𝗯𝗼𝘂𝘁 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝘁𝗲𝗹𝗲𝗺𝗮𝘁𝗶𝗰𝘀 ..click here 👉🏻 https://bit.ly/3XtHe86 Telematics isn't new, and its hype has been a decade or so ago In some markets, a few carriers have built a significant competitive advantage using this data well, and there is currently strong momentum both in personal and commercial lines 🚀 Instead, a bit of depression in other markets ...you know the feeling "We tried, and it has not worked!" 🫠 Enjoy these facts and figures about the results achieved and the vision of the auto insurer of the future We'd love to hear about your experience (or lack of it) with commercial auto telematics! Click here to share your opinion 👉🏻 https://bit.ly/ComAutoTel

Telematics continues to offer insurers opportunities to improve their personal auto offerings, but it is nowhere near the only form of IoT technology helping carriers reach their growth goals. Our team recently spoke with three technology experts to get their insights on the IoT trends insurers should be keeping their eyes on. Read our latest blog to hear straight from Kott Sivakumar, ValueMomentum’s SVP of Enterprise IT; David Kuhn, ValueMomentum’s AVP of Emerging Technologies; and Matteo Carbone, Founder of IoT Insurance Observatory. Find out more in the full blog here: https://hubs.ly/Q02NpM5h0 #IoT #telematics #insurance

Very pleased to announce today that LeakBot has joined Matteo Carbone IoT Insurance Observatory in the U.S.A. The IOT Observatory is a Think Tank focussed on IOT technologies in insurance and is attended by the biggest and best U.S. P&C insurers (like Statefarm Insurance, Allstate, Travellers and Nationwide) and the most successful IOT technologies (like Whisker Labs's Ting that prevents fire claims in Home insurance) The timing is great for us... the insurance industry is changing - LeakBot is now in well over 100,000 homes with 19 insurers and the likes of Länsförsäkringar (Sweden's largest non life insurer) seeing 40% reductions in water damage claims post LeakBot. The IOT Observatory is a great forum to share our insights and results with the U.S. industry I caught up Proactive's Stephen Gunnion to discuss this in more detail - link to full interview here: #Ondo #InsurTech #IOT https://lnkd.in/eG2k6DRN

2nd Breaking news today: LeakBot USA joins Matteo Carbone's IoT Insurance Observatory. LeakBot is now is well over 100,000 homes around the world, partnering with 19 different insurers. Sweden's largest U.S. insurer Länsförsäkringar recently released results showing a 40% reduction in water damage claims costs after deploying LeakBot - and now LeakBot is breaking the USA. LeakBot has signed deals with 5 U.S. insurers in 12 months included one of the biggest: Nationwide. Now is the perfect join to be invited by Matteo to join the IOT Observatory, where LeakBot will join other successful IOT solutions like Whisker Lab's Ting and 10 of the Top 25 U.S. P&C carriers. We are looking forward to sharing our insight and case studies with the forum - starting with a plenary session in Oct in Las Vegas #ONDO #InsurTech #IOT https://lnkd.in/esrqCBAH

Gratitude to our GAIG colleagues for the enthusiastic participation and to our partners, Azuga, Inc., IoT Insurance Observatory, LifeSaver Mobile, Lytx, Inc., Motive, Netradyne, and Samsara for providing such fantastic content!