The vast number of start-ups operating in the home automation or connected car domain represent a wealth of opportunities that insurers can take advantage of. Via IoT, they can offer a new approach to insurance.
In a house, each room can host at least one or a few connected objects. For example, the living room may have a smart thermostat to control energy spending. The front door may be lockable via a smartphone. The smoke detector in the kitchen could communicate through text messaging. Or, there could be sensors in the bathroom to monitor water usage. Lastly, a connected box could be installed in a car to decipher driving behaviour and offer advice.
Deborah Osada & Emmanuel Gambart de Lignières
Latest posts by Deborah Osada & Emmanuel Gambart de Lignières (see all)
- The insurer’s front-office in full digital swing - 16 February 2017
- Home automation and connected cars: a source of services and tools for insurers - 9 February 2017
- Insurance: how to maximise the opportunities that digital can offer - 2 February 2017