IoT Enabled Risk Control

Learn how IoT devices can revolutionise risk control and loss mitigation in commercial insurance.

Are you asking yourself

  • Interested in proactively reducing your loss ratios across your current book of business?
  • Want to make cost-effective risk management services part of your customer offerings?
  • Looking to build a business case for use of IoT technology in commercial insurance offerings?
  • Unsure how best to leverage IoT data in your current application landscape?
  • Looking for a framework to evaluate the many IoT vendors in the market?

What you will get from us:

  • Reduced loss ratios through rapid loss mitigation and preventative maintenance!
  • Increased customer satisfaction and retention through risk control services and collaboration around risk management.
  • Customer risk insights through analysis of IoT data for use in underwriting.
  • New pricing models utilizing IoT data.
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Our Approach

  • Analysis and quantification of potential risk mitigation opportunity in book of business leading to identify prioritized IoT use cases.

  • Vendor selection utilizing Synpulse’s IoT specific vendor assessment.

  • Support planning and executing your first IoT insurance pilot, including defining KPIs, identifying early adoption clients and tailoring comms for best chance of success.

  • Agile MVP IoT integration to enable pilot proof of value.

  • Long term target-architecture design including incorporating Risk object Management Solutions to enable building risk object profiles using IoT data.

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Let's get in touch

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