RFID Property Insurance

RFID or Radio Frequency Identification is a technological breakthrough using radio waves to transmit key information over short distances. The information sent via RFID describes the identity, location, and/or condition of physical objects varying from automobiles, hospital equipments to potato chips. RFID tags have silicon chips embedded in their system for information storage and antennae for data transmission. RFID and other X Internet technologies are used to connect the IT systems of firms, like property insurance companies with their physical products, assets, and devices.

Many property insurance companies are using RFID technology to streamline their business processes. Also because of RFID provides a unique identification code, property insurance companies are also using RFID to strengthen their property insurance policies. Below are a few companies that offer RFID-based systems for property insurance.

Trovan RFID Property Insurance

Trovan is a company that specializes in stopping caravan thefts using their RFID-based systems. By having caravan and camper owners install Identify UK's RFID system, costs on property insurance is lessened. There is less risk of loss or theft with an RFID system tracker.

The RFID installed in caravans will signal the police and property insurance agents. RFID will also allow them (police and property insurance agents) to accurately identify the stolen good. In this regard, RFID is a more convenient method of property insurance.

ActiveWave RFID Property Insurance

ActiveWave is a company that builds and designs customized RFID products for their clients, including property insurance companies. ActiveWave provides property insurance companies a new way of tracking and securing insured properties by taking advantage of the recent development on RFID technology. With RFID solutions ranging from inventory control and container/pallet tracking, to car inventory tracking and fleet tracking, ActiveWave provides their clients a state-of-the-art RFID property insurance service.

Library Systems RFID Property Insurance

Library Systems allows libraries to take advantage of recent technological developments and use RFID property insurance. With the RFID tag system provided by Library Systems, property insurance is increased since librarians can do more with fewer resources. The RFID property insurance system of this company also has material handling reduced up to 90%.

TCS RFID Property Insurance

TCS is one of the leading companies that offer RFID-based products for use by property insurance companies. Their suite of property insurance products is designed to help property insurance companies overcome the consolidation and other challenges they are currently facing. TCS develops RFID property insurance packages to aid property insurance companies in claims managing, policy management, and many more. Aside from that , TCS also provides assistance for the property insurance company in back-office functions such as accounts receivables and billing systems and collection.