- Thu28Jul20166:30 pm
InsureTech Future - Future customer behavior and the IOT Opportunity
Is IoT shaping the future of insurance?
Customer behaviour driving the innovative insurance models -
• Key Market Trends - Connected IoT devices to reach an installed base of 25 billion units by 2020
• Health, auto & home insurance – A cross-Industry transformation landscape with real-time monitoring, collection and analysis of behavioural data for tracking customer lifecycle, finance apps on wearables, Smart contracts, upgraded payments etc.
Opportunities & challenges for IoT in Health insurance -
• Key challenges for the health insurers (new providers, new data and new policies)
• Fintech cashing on the changing customer expectations to offer new products and services in insurance (A Case Study)
• Potential partnerships between traditional insurers and Fintechs