Question

For what purpose insurance companies implement ICT tools. ​

Answer 1

Explanation:

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Trend 01: Increased Use of Internet of Things By Insurers:

Trend 01: Increased Use of Internet of Things By Insurers:Decline in the cost of sensors, improved communication methods and increased data processing power have enabled the widespread use of the Internet of Things (IoT).[4]

Trend 01: Increased Use of Internet of Things By Insurers:Decline in the cost of sensors, improved communication methods and increased data processing power have enabled the widespread use of the Internet of Things (IoT).[4]The data transmitted by IoT can be further analysed using data processing techniques for useful insights.in the insurance industry, the property and casualty (P&C) line of business was the first to adopt IoT in the form of vehicle telematics and other forms of it such as connected home technologies[5] and wearables[6] have a slower rate of adoption, but they are expected to have widespread adoption in the future.

Answer 2

Answer:

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