The Role of Computation-Based Sensors in the Future of Smart Insurance Solutions

Abstract

The rapid evolution of technology has significantly transformed the insurance industry,particularly with the integration of computation-based sensors. These sensors, embedded in various domains such as health, automotive, property, and cybersecurity, facilitate real-time data collection, processing, and risk assessment. This paper explores the transformative role of computation-based sensors in shaping smart insurance solutions, emphasizing their impact on underwriting, claims processing, fraud detection, and personalized insurance models. The study further discusses challenges such as data privacy, sensor reliability, and regulatory
frameworks that influence their adoption. Finally, we present future directions for leveraging computation-based sensors to enhance the efficiency and accuracy of insurance solutions.