About this paper

A growing number of insurance firms want to scale operations and expand their volume of IoT-based business. Given the nature and volumes of the data involved, this will have significant implications for insurance operations and data architecture. This white paper explores the opportunities IoT creates, the barriers to its adoption within the insurance industry, and what’s needed to fully exploit the potential of IoT for competitive advantage and growth.

IoT has the potential to radically disrupt the traditional insurance business model and modernize traditional processes, especially in how the sector assesses risks.

Explore in this paper:

• How to turn IoT into a sustainable business model for insurance
• IoT opportunities abound for insurers
• Technical and business challenges for big data explosion
• How to capitalize on the new opportunities