Today’s connected insurance revolution, at its core, is about making insurance better through the Internet of Things (IoT). Insurance carriers’ approach to connected insurance has largely been tactical with each line of business pursuing an independent IoT strategy. This white paper explores:
- How the core capabilities of IoT enhance insurance outcomes across lines of business
- Existing examples of connected insurance strategies across automotive, homeowner’s, renters, worker’s compensation, life, and health insurance
- The pitfalls insurers will face when pursuing IoT across business lines
- How insurers can elevate connected insurance to a strategic priority and realize enterprise-level improvements.
This white paper is designed to help multiline executives build an enterprise-level connected insurance strategy and for line of business managers to improve their IoT strategy.