Three-Step Plan for Insurance CIOs to Build an Effective IoT Initiative


Published: 04 January 2018 ID: G00328870

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Summary

Internet of Things initiatives in insurance are largely focused on customer retention and, at most, risk-based pricing. Insurance CIOs looking to transform key business processes by using IoT will need a defined value proposition, advanced IT capabilities and an extensive partner ecosystem.

Table of Contents

  • Analysis
  • Impacts and Recommendations
    • Use a Clear Value Proposition for IoT Initiatives With the Application of IoT data
      • Auto Insurance
      • Home Insurance
      • Life Insurance
    • Insurance CIOs Need Modern Data Collection and Analytical Capabilities to Handle and Process IoT Data
      • Auto Insurance
      • Home Insurance
      • Life Insurance
    • Insurance CIOs Need Multiple Business Partnerships Within the IoT Ecosystem to Develop Rich Insurance Offerings
      • Auto Insurance
      • Home Insurance
      • Life Insurance
  • Gartner Recommended Reading
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