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Explore how IoT is revolutionizing the insurance industry by enhancing risk prevention and fostering a more proactive approach to customer care. ๐ To watch the full interview with Bob Pick of Tokio Marine Group and host Elizabeth Blosfield, click here to watch episode 88!ย ๐
Risk Prevention Focus: IoT technology shifts insurance from risk transfer to proactive risk prevention, reducing costs and improving customer satisfaction.
Data-Driven Insights: Utilizing telematics and IoT data to fine-tune pricing, understand risk, and help policyholders prevent potential issues.
Global Perspectives: Drawing from international markets like Japan, where insurance is viewed as a supportive partner, to enhance risk management practices worldwide.