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Implications of IoT Data for Insurers

Implications of IoT Data for Insurers

Market Study
Published: November 2017
Pages: 56
Research from: Parks Associates
Sector: Handsets & Devices

From: GBP 2692.00
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Home and auto insurers can manage risk and save money by leveraging smart home products to predict and prevent fires, flooding, and device malfunctions. Health insurers can gather data to improve care quality and health outcomes, by collecting and analyzing data from connected devices such as connected blood pressure or fitness monitors. All insurers will also be able to use smart home data to determine the most competitive premiums and provide new benefits to their customers. This report reviews insurance applications for the connected home, assesses benefits for both insurers and policy holders, and evaluates early insurance programs leveraging smart home data.

 

 

 

Figures

Companies Researched for Report
Likelihood of Purchasing Smart Home Products by Auto Insurance Type
Insurance IoT Ecosystem
Smart Home Devices with Insurance Use Cases
Path to Market Matrix: Marketing versus Operational Use of IoT Data
Examples of Insurance Marketing and Sales Strategies with IoT Solutions
Stages of Insurance IoT Implementation
Company Profile – Nest
Company Profile – Fibaro
Company Profile – Roost
Company Profile – LeakBot
Company Profile – Verisk Analytics
Company Profile – CoreLogic
Company Profile – ROC-Connect
Company Profile – EVRYTHNG
Company Profile – Neos
Company Profile – Z-Wave Alliance
Smart Home Devices Owned
Purchase Channels for Security and Safety Devices
Likelihood of Purchasing Smart Home Products with Detection/Prevention Features
Likelihood of Buying Smart Water Products by Experience with Water Damage
Likely Buyers of Smart Home Products by Insurance Provider
Likelihood of Purchasing Fire Safety Packages among Likely Buyers of Smart Products
Likelihood of Purchasing Water Safety Packages among Likely Buyers of Smart Products
Reasons for Disinterest in Fire and Water Safety Packages
Appeal of Loss Detection/Prevention Products that Automatically Notify Insurers
Preferred Incentive for Acquiring Smart Products
Likelihood of Switching Insurance Providers for Smart Products
Interest in Non-traditional Providers

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