With a constellation of over 100 Connecta IoT Satellites, the system ensures global coverage and low latency communication. This is crucial for real-time data collection from diverse sources, enabling timely decision-making.

The Hybrid Direct-to-Satellite (D2S) and Gateway-to-Satellite (G2S) connectivity options offer adaptability to the industry's diverse needs. D2S connectivity serves well for remote asset monitoring, such as tracking valuable items for insurance purposes. G2S connectivity supports real-time data exchange from financial institutions, providing secure and efficient communication.

By providing real-time data from diverse sources such as vehicles, properties, and other insured assets, the system enhances risk assessment. Insurance companies can better gauge potential risks and offer more tailored insurance plans to customers.

D2S connectivity allows for remote inspections of assets. Insurance assessors can remotely view properties, vehicles, or other insured items to assess their condition and determine appropriate coverage.

Real-time data from insured assets can expedite claims processing. Insurance companies can quickly verify the extent of damage or loss, enabling faster claim settlements and enhancing customer satisfaction.

The Connecta IoT System's data collection capabilities extend to financial markets. Real-time market data can assist in making informed investment decisions and adapting to changing market conditions.

The system fosters customer engagement through personalized services. Insurance companies can offer usage-based insurance plans, rewarding customers for safe driving habits or responsible asset management.

The system's capabilities can extend to offering IoT-based financial services, such as micro-insurance for short-term or specific needs, based on real-time data.