Mindtree Ltd.'s video: Connected Insurance - Enabling accuracy in Underwriting and Pricing

Connected insurance is creating a shift in the future business models of insurers. The insurance industry will shift from loss indemnification to loss prevention. Insurers are likely to introduce value-added services to their customers such as workplace safety solutions, preventive equipment monitoring, tracking inventories, health monitoring, property monitoring like water leakage, driving behavior monitoring, and safety measures, etc. Mindtree has observed that insurers have started charting the vision and path to move towards a ‘connected insurance’ business model. They believe that connected insurance can deliver superior experience and value to the policyholders. Mindtree has developed a “Connected Insurance” offering keeping in mind the Insurers' requirements and provides the following services: 1. Advisory services to work with insurers in defining the roadmap and business case for connected insurance journey 2. Partner with the IoT division of the insurers in evangelizing connected insurance solutions by implementing pilot use cases. 3. Platform-based solutions to integrate with existing/newly implemented devices and sensor ecosystems to deliver insights for risk assessment, claims assessment, and loss prevention.