Capgemini has released its World Insurance Report for 2016, saying that IoT is likely to “transform the insurance industry in stunning fashion” and “redefine the very notion of insurable risk.” The report, based on a survey of 15,000 respondents in 30 countries, identifies the three technologies most likely to impact current insurance business models as […]
Insurance industry ripe but unready for IoT led disruption
A survey of insurance executives finds them anticipating significant, imminent IoT led disruption, but rating their industry as being ill-prepared for it. The survey was undertaken by UK based FC Business Intelligence in conjunction with the organisers of the upcoming Insurance IoT USA conference, scheduled for December in Miami. Sixty four percent of respondents expected […]
IoT opportunities for insurers
IoT will undoubtedly affect every industry profoundly, some sooner and more profoundly than others. A study from FC Business Intelligence looks at the IoT opportunities for insurers and suggests that insurance could be one of the IoT pioneers. Insurance is based on assessment of risk, which requires information: the more accurate, timely, granular and relevant […]