The usage of smart sensors to underwrite and manage risk in insurance has a long and successful history. From black box devices installed in automobiles to track mileage and driving behaviors to smartphone apps, IoT has provided significant value in improving on assessing understanding risk compared to historical underwriting criteria. Guidewire partners like Roost, MākuSafe, Octo, and others provide solutions to help insurers readily adopt these innovations and integrate to a market-leading insurance software platform like Guidewire Cloud today. Please check out Guidewire’s Marketplace to search for IoT solution partners that can help you on your innovation journey.

Motorists Insurance Group had some real challenges in their Commercial Lines business.  There were over 20 core systems for policy administration; response times were very slow; and everyone inside and outside the company was requesting real time access and updates. Customers, agents, and staff wanted clear visibility into policies and business...