"Insurers can leverage IoT in order to stay relevant and become more frequent in the lives of homeowners and renters. However, giving away for free a shining device is not enough to achieve this, insurers have to develop a smart home insurance strategy by becoming both customer-centric and insurtech," Matteo wrote in his study "Smart Home Insurance Strategy 101." Among the different players in the home ecosystem of providers that are going to deliver home-related services, "insurers can be the protagonists of this evolution, delivering the new services to their millions of policyholders. Insurers can leverage IoT in order to stay relevant and become more frequent in the lives of homeowners and renters." At IIF 2020 - PROPERTY INSURANCE - in a connected world, Matteo will speak about how digital technologies - in particular IoT - may be a game changer for the traditional home insurers, the opportunities and challenges of this transformation.
The IoT Insurance Observatory is a global insurance think-tank, which has put together executives from more than 50 insurance groups, institutions and the Internet of Things ecosystem, to discuss the great potential of the most mature Insurtech trend, as well as the challenges it poses to the insurance business. The focus is on any insurance solution based on sensors for collecting data on the state of an insured risk and telematics for remote transmission and management of the data collected. The European Observatory aggregates more than 25 members insurers, reinsurers and tech players. The North American Observatory has already gathered more than 25 members, including 7 of the top 15 P&C US insurers.
IIF 2020 - PROPERTY INSURANCE - in a connected world will take place on 7 April, hosted by the Bristol Hotel in Vienna.
Online registration is opened at internationalinsuranceforum.com/prop/registration