Pioneering Use Cases For IoT In Insurance

We are living in a hyperconnected world, and the presence of IoT devices has already been more pervasive than many of us have realized.

Mobile phones in our pockets are full of sensors. Their software is updated over the air. And, when we lose them, we can remotely track their position.

Meanwhile, restaurants are using simple QR-codes to comply with COVID safety measures, warehouses are employing robots to automate certain manual activities, etc. The spread of the IOT continues.

Although IoT has not yet been systematically addressed by the large majority of insurers, several early adopters have already concretely demonstrated the potential of using this technology.

I have had the privilege to directly support many of these players through the activity of the IoT Insurance Observatory, an insurance think tank that has aggregated almost 60 insurers, reinsurers and tech players between North America and Europe.