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Thank you for the explanation. Never thought of insurance companies having an interest in IoT.
by supahfly_remix 8y ago
Thank you for the explanation. Never thought of insurance companies having an interest in IoT.
- baybal2 8y agoNobody else thought either, but now thanks to their superhuman salesmanship, now they do :) I bet, they managed to make them believe that they somehow can pull out accident rates from the data.
- jon-wood 8y agoI work at Neos, where we’re using IoT in the context of home insurance. Almost all our investors are insurance companies (including Munich Re who underwrite our policies). Insurance is all over IoT, and indeed anything else with the chance of reducing risk - it’s what they do.
- supahfly_remix 8y agoWow, good to know. I know.Progressive insurance used to have a.dongle to monitor driver behavior for a discount. It predated.the term Not and used.the 2g network.