THE INSURANCE AND THE IoT REPORT: How insurers are using connected devices to cut costs and more accurately price policies
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amartin9700 33yo East Texas, Texas, United States
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Insurance companies have long based their pricing models and strategies on assumptions about the demographics of their customers. Auto insurers, for example, have traditionally charged higher premiums for parents of teenage drivers based on the assumption that members of this demographic are more likely to get into an accident.
See the rest of the story at Business Insider
See Also:
- Google taps Foghorn to simplify the deployment of industrial IoT solutions
- Asia to drive adoption of home-based AI devices
- THE US SMART HOME MARKET REPORT: Systems, apps, and devices leading to home automation
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