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How can technology support risk assessment for insurers? In this Digital Insurance article, Industry Advisor to Socotra, Jeff Goldberg, discusses the use of advanced technology such as IoT, drones, and satellite imagery to monitor conditions, gather data proactively, and ultimately, help set fair premiums, encouraging customers to invest in preventive measures that reduce long-term claims. Read more: https://hubs.li/Q02YXC7J0

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Vic Valenzuela

Lowering risk/cost/complexity for policy administration, now and long-term

1mo

Good thought piece! AI/IoT are changing the game in risk assessment. They require big investments and upgrades. What practices can insurers adopt to reduce the risk of testing these technologies?

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