4. Water pumps
Munich Re says that the 2012 drought in the U.S. was one of the costliest crop insurance events for reinsurers on record. With an uncertain climate, insurers might be interested in this system that "enables irrigators to monitor water-use quotas, set alarms to indicate high/low usage rates, and track crop data."
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio