Hardware Podcasts

E057 LexisNexis' Dan Davis | How is IoT Reshaping the Insurance Industry?

IoT For All Podcast · 17 Mar 2020 · 41m

What this episode covers

Dan Davis, Director of IoT and Emerging Markets at LexisNexis Risk Solutions, explains how the insurance industry is integrating smart home and wearable data to move from static risk snapshots to dynamic, longitudinal risk assessment. He details LexisNexis's role in validating the actuarial value of this data for carriers, highlighting a consumer study showing 78% willingness to share data for incentives, and the challenges of consent management and ecosystem fragmentation. Davis emphasizes that initial insurance programs focus on device presence for discounts, while future models aim to use underlying sensor data for precise rate-making and loss prevention.

Most relevant to

large enterprises

Topics

Mentioned

Companies
LexisNexis Risk Solutions
Products
Nest, water leak mitigation system

Related episodes from other shows

Other shows on the same ground, closest first.

  • Over the Air · 29m

    From Wearables to Insurance: How Kinetic is Revolutionizing Workplace Safety

    Heytham, co-founder and chief strategy officer of Kinetic, explains how the company evolved from designing wearable IoT devices to becoming a workers' compensation insurance provider. He details the hardware development of a belt-mounted sensor using Intel Edison chips to monitor body mechanics and prevent musculoskeletal injuries in frontline workers. Brock describes the strategic pivot to insurance to serve smaller companies, leveraging partnerships with insurers like Nationwide to offer risk-reduction technology alongside coverage. The episode highlights the use of computer vision and mobile apps to identify facility risks, focusing on industries like last-mile delivery and warehousing.

    Industrial & consumer product designMicrocontrollers & dev platforms
    9 chapters

  • TRADEOFFS · 43m

    T-24-001 : Haytham Elhawary - Transitioning from Hardware to Insurance

    Haytham Elhawary, founder of Kinetic Insurance, discusses his company's evolution from building a wearable hardware device for workplace injury prevention to partnering with Nationwide to offer workers' compensation insurance. He details the technical challenges of creating robust hardware for harsh industrial environments, including saltwater intrusion and battery fires, and the long sales cycles required to sell to enterprise clients like Walmart and Home Depot. Elhawary explains how the company leveraged data from 35,000 workers to prove injury reduction stats, enabling a shift to an insurance-based business model that incentivizes adoption through rebates.

    Scaling productionPricing, margins & unit economics
    7 chapters

  • The Next Byte Podcast · 26m

    55. Wearable Tech for Owners and Pets

    Hosts Daniel Scott Mitchell and Farbod Moghaddam discuss wearable technology for human health monitoring and pet safety. They analyze a study by Washington University at St. Louis showing that Fitbit data, processed by machine learning, can predict post-surgical complications better than traditional risk calculators. The hosts then explore the emerging market for pet wearables, highlighting companies like Link and Vet Chip that use Bluetooth Low Energy and LTE-M chips from Nordic Semiconductor to track location and health metrics.

    Connected products & IoTAI & machine learning
    5 chapters

  • Catalyst · 33m

    How climate disasters are shaping insurance markets

    Dr. Judd Boomhower, an assistant professor of economics at UC San Diego and faculty research fellow at the National Bureau of Economic Research, explains why homeowners insurance markets are destabilizing due to climate change. He details how catastrophe models (cat models) struggle to predict losses because they rely on limited historical data, forcing insurers to use broad-brush decisions to pull back coverage in high-risk areas like California and Florida. Boomhower also discusses the critical role of reinsurance, the rise of undercapitalized 'fly-by-night' insurers, and the potential of parametric insurance to reduce contracting friction despite basis risk.

    Policy, trade & tariffsPricing, margins & unit economics
    5 chapters

  • Over the Air · 20m

    The Future of IoT Revealed: Inside Samsara's Data Revolution with Evan Welbourne

    Evan Welbourne, Head of AI and Data at Samsara, discusses the evolution of IoT from a distinct technology to an invisible infrastructure, emphasizing that the real value lies in data analytics and edge computing. He details Samsara's pivot from a temperature sensor to a vehicle gateway, highlighting how thermal constraints in AI dash cams drive hardware design decisions. The conversation explores the future of neuromorphic computing, data ownership in connected devices, and the rise of edge AI for real-time safety insights.

    Connected products & IoTEmbedded firmware
    7 chapters

The summary, chapters and topics are generated from the episode’s audio by this directory, not written by IoT For All Podcast. The episode itself belongs to its publisher.