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

- Show: [IoT For All Podcast](https://hardwarepodcasts.com/podcast/iot-for-all-podcast)
- Published: 2020-03-17
- Length: 41m
- Page: https://hardwarepodcasts.com/podcast/iot-for-all-podcast/2020-03-17-e057-lexisnexis-dan-davis-how-is-iot-reshaping-the-insurance-industry
- Listen: https://podcasters.spotify.com/pod/show/iot-for-all/episodes/E057-LexisNexis-Dan-Davis--How-is-IoT-Reshaping-the-Insurance-Industry-e28bp58

## Summary

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.

## Chapters

- [1:31](https://hardwarepodcasts.com/podcast/iot-for-all-podcast/2020-03-17-e057-lexisnexis-dan-davis-how-is-iot-reshaping-the-insurance-industry#t=91) Introduction: Dan Davis and LexisNexis Risk Solutions
- [4:50](https://hardwarepodcasts.com/podcast/iot-for-all-podcast/2020-03-17-e057-lexisnexis-dan-davis-how-is-iot-reshaping-the-insurance-industry#t=290) LexisNexis's Role in Insurance Workflows and Underwriting
- [8:45](https://hardwarepodcasts.com/podcast/iot-for-all-podcast/2020-03-17-e057-lexisnexis-dan-davis-how-is-iot-reshaping-the-insurance-industry#t=525) The Value of IoT Data: Self-Selection and Longitudinal Risk
- [11:09](https://hardwarepodcasts.com/podcast/iot-for-all-podcast/2020-03-17-e057-lexisnexis-dan-davis-how-is-iot-reshaping-the-insurance-industry#t=669) Consumer Consent and the Critical Mass of Data
- [15:59](https://hardwarepodcasts.com/podcast/iot-for-all-podcast/2020-03-17-e057-lexisnexis-dan-davis-how-is-iot-reshaping-the-insurance-industry#t=959) Consumer Incentives: Engagement, Savings, and Data Ownership
- [21:12](https://hardwarepodcasts.com/podcast/iot-for-all-podcast/2020-03-17-e057-lexisnexis-dan-davis-how-is-iot-reshaping-the-insurance-industry#t=1272) Smart Home Insurance Programs and Consumer Study Findings
- [28:39](https://hardwarepodcasts.com/podcast/iot-for-all-podcast/2020-03-17-e057-lexisnexis-dan-davis-how-is-iot-reshaping-the-insurance-industry#t=1719) Device Maker Partnerships and White-Label Trials
- [31:48](https://hardwarepodcasts.com/podcast/iot-for-all-podcast/2020-03-17-e057-lexisnexis-dan-davis-how-is-iot-reshaping-the-insurance-industry#t=1908) Ecosystem Challenges: Fragmentation, Security, and Standards
- [36:06](https://hardwarepodcasts.com/podcast/iot-for-all-podcast/2020-03-17-e057-lexisnexis-dan-davis-how-is-iot-reshaping-the-insurance-industry#t=2166) Evidence-Based Insurance: Water Leak Studies and Hyperperil Stories

## Topics

- [Connected products & IoT](https://hardwarepodcasts.com/topic/connected-products-and-iot)
- [Security & privacy](https://hardwarepodcasts.com/topic/security-and-privacy)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Validation & product-market fit](https://hardwarepodcasts.com/topic/validation-and-product-market-fit)

## Most relevant to

large enterprises

## Mentioned

- LexisNexis Risk Solutions (company)
- Nest (product)
- water leak mitigation system (product)

## Related episodes from other shows

- [From Wearables to Insurance: How Kinetic is Revolutionizing Workplace Safety](https://hardwarepodcasts.com/podcast/over-the-air/2025-01-23-from-wearables-to-insurance-how-kinetic-is-revolutionizing-workplace-safety) (Over the Air)
- [T-24-001 : Haytham Elhawary - Transitioning from Hardware to Insurance](https://hardwarepodcasts.com/podcast/tradeoffs/2024-02-17-t-24-001-haytham-elhawary-transitioning-from-hardware-to-insurance) (TRADEOFFS)
- [55. Wearable Tech for Owners and Pets](https://hardwarepodcasts.com/podcast/the-next-byte-podcast/2022-02-01-55-wearable-tech-for-owners-and-pets) (The Next Byte Podcast)
- [How climate disasters are shaping insurance markets](https://hardwarepodcasts.com/podcast/catalyst/2025-04-10-how-climate-disasters-are-shaping-insurance-markets) (Catalyst)
- [The Future of IoT Revealed: Inside Samsara's Data Revolution with Evan Welbourne](https://hardwarepodcasts.com/podcast/over-the-air/2024-07-11-the-future-of-iot-revealed-inside-samsaras-data-revolution-with-evan-welbourne) (Over the Air)

## Citing this page

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