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Introduction

Ovum estimates that the majority of insurers are currently piloting or trialing insurance products that use IoT, and we are likely to see a significant increase in its deployment in the industry over the next 12 to 24 months.

Highlights

  • The global insurance industry is undergoing a fundamental reshaping, driven not only by technology like IoT, but also by shifting demographics, radically changed customer expectations, and the threat of new entrants such as Google and Amazon.

Features and Benefits

  • Assesses the key factors driving adoption of IoT in insurance.
  • Evaluates how IoT will fundamentally impact the insurance sector over the next five years.

Key questions answered

  • How can vendors help insurers to exploit the opportunities presented by IoT?
  • What does the IoT vendor landscape look like in insurance and how will it change?

Table of contents

Ovum view

  • Summary
  • The insurance sector is an early adopter of IoT
  • IoT offers insurers a platform for new proposition development
  • Some vendors have established an early lead in IoT-based services for the insurance sector

Appendix

  • Author

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