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Automation

Roost brings smart sensors and customer-focused connectivity to P&C

The popular press has written about how car sensors are transforming the auto insurance, but property and casualty companies are also looking to sensors to transform their business too.

From the Oliver Wyman / ZhongAn survey of the technology shaping the insurance industry

Up to now, the basic model of risk understanding has been to observe correlations between claims costs, composed on the one hand of the frequency and severity of insurance claims, and on the other of the characteristics of the insurable assets as described by data. This analysis is the basis for models to select risk and manage risk portfolios.