IoT and Insurance

IoT devices like telematics and smart home sensors provide verifiable, real-time data that helps insurers spot anomalies and suspicious behaviour, enabling faster and more accurate fraud detection.

IoT is applicable across various insurance types, including auto, home, health, and life insurance. Telematics, wearables, and smart sensors let insurers offer more accurate premiums and improve claims management in each area.

Data-driven IoT solutions let insurers create more bespoke offers like usage-based premiums with conditions matching each client’s specific conditions.

Moreover, thanks to faster claims processing and proactive risk mitigation alerts, customers get their issues handled faster, which also adds to their satisfaction.

All our projects start with a thorough analysis of your company’s needs, challenges, and conditions. Once we know your situation, we begin designing a solution that solves the identified issues or takes advantage of potential opportunities.

We follow agile software development methodologies (mostly Scrum and AgilePM) to deliver custom, scalable IoT solutions as fast as possible. Regular, incremental software deliveries guarantee top adjustment of the new solution to your ever-changing business needs and bring results fast.

Absolutely. We design all our IoT solutions with growth in mind. The actual technical details always match your specific conditions and requirements. As your business grows, you can expand device networks, process larger data volumes, and adapt to evolving market demands without disrupting your insurance operations.

Every project is different, so costs can vary considerably depending on your system’s complexity, the number of connected devices, and relevant business needs. We offer flexible pricing models for an optimal cost-benefit ratio.

We offer various collaboration models, from end-to-end IoT software development to dedicated teams. Whether you need full project management or support for an existing team, we’re here to support you at all IoT development stages.

Drop us a line, and let’s talk about your project requirements.