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Introduction

This report uses data from a survey of senior insurance executives to assess the global insurance industry's current perspective on the continuing impact of IoT.

Highlights

  • While the majority of insurance executives believe IoT will have a transformative effect on the industry, particularly in shifting the competitive dynamics, most are ill-prepared for the changes.

Features and Benefits

  • Assesses the industry's view of how IoT will impact the insurance sector
  • Identifies the key challenges insurers face in responding to IoT

Key questions answered

  • What should insurers be doing to respond to the impact of IoT on the insurance industry?
  • How can ICT service providers support insurers in addressing the challenges of IoT?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key messages

Recommendations

  • Recommendations for insurers
  • Recommendations for ICT vendors and service providers

Appendix

  • Methodology
  • Further reading
  • Author

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