Posted an article (link below) about how things like fitness monitors and other telematic devices are growing in consumer use and acceptance, and are expected to have a big effect on the way property and casualty coverages are bought and sold.
A quote from the article:
“The way we’ve done insurance compared to what we can do is sloppy. We’re taking tens of thousands of people and saying they all have the same risk profile—when in fact they don’t. Most people are actually overpaying.”
We know insurers are actively working on these types of things and that they will become the rule
Source of insurance-forums.net
A quote from the article:
“The way we’ve done insurance compared to what we can do is sloppy. We’re taking tens of thousands of people and saying they all have the same risk profile—when in fact they don’t. Most people are actually overpaying.”
We know insurers are actively working on these types of things and that they will become the rule
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