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Internet of Things in Insurance – Thematic Research

The IoT is among the most disruptive technologies in the insurance sector. It has the potential to redefine the traditional insurance business model, shifting the focus from merely protection to prevention. Related gains include new revenue streams, claims/risk prevention, and a more intimate and connected relationship with customers.

Through connectivity and constant engagement, insurers can act as a business partner, spreading the risk with their customer. Insurers can move from being a one-off contact during an unpleasant situation to providing regular advice to their clients on risk management and prevention. While investment in IoT can ultimately generate new tailored value propositions, it will require insurers to shape the right strategy and manage the increased risks.

Vendors and managed service providers can offer total support in multiple technology contexts, and those with credentials in adjacent sectors can position themselves equally strongly on as-a-service transformation.

Scope

This report analyses the impact of the internet of things (IoT) on the insurance industry.

-It discusses how IoT is among the most disruptive technologies in the insurance sector.

-It identifies prominent areas in which IoT will impact insurance and the big tech players within this technology theme.

Reasons to Buy

The report highlights some of the big technology players within the IoT theme, classified by value chain segment.

-It identifies the technology trends within the IoT value chain, as well as trends showing how IoT is being implemented across the global insurance sector.

-The report analyses the IoT value chain across four layers – devices, connectivity, data, and control.

-It provides an industry analysis, explaining IoT, its stages of development, its broad market segments, and a competitive analysis.

-The report discusses the impact of IoT on insurance through key recommendations for insurers.

-The report offers a technology briefing, to explain the six big IoT market segments and the IoT value chain as four distinct layers.

Companies Mentioned

Akamai

Amazon

Apple

ARM (Softbank)

Atmel (Microchip Technology)

Broadcom

CalAmp

Cisco

Ericsson

F5 Networks

GE

Google

IBM

Infoblox

Intel

Microchip

Microsoft

NXP/ Freescale

Qualcomm

Samsung

SAP

Software AG

Splunk

AlertMe

Arqiva

Arrayent

August

Ayla Networks

Balyo

Belkin

BigBelly

Canary

DroneShield

Electric Imp

EVRYTHNG

Fitbit

Libelium

Neul

Nordic Semi-conductor

Oort

Tado

Thingsquare

Aetna

AIG

American Family Insurance

Aviva

AXA

Church Mutual

John Hancock

Metromile

Progressive

Table of Contents

Players

Trends

Value chain

Industry analysis

Impact of IoT on insurance

Companies section

Technology briefing

Glossary

APPENDIX: OUR "THEMATIC" RESEARCH METHODOLOGY

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