The Internet of Things (IoT) offers truly disruptive and transformative potential to the insurance industry. IoT will reach US $1.3 trillion in spending by 2019 with Asia Pacific expected to be the biggest market and insurance sector being 1 of the main sectors for growth. Asia Pacific big spending on IoT is driven by countries continuing technology investment needs, consumers becoming more and more technology-sophisticated and spending greater on IoT goods and services as well as government driving the incorporation of more IoT components. It is poised to trigger new business opportunity for insurance & reinsurance companies. However, many insurance companies shared their concerns and difficulties to adapt this digital transformation into practice. Majority of them are still at initial stage or pilot testing on this transformation due to lack of exposure and expertise in technology advancement.
The Insurance Internet of Things Summit 2017 has been developed to fully focused on innovation and case studies unique & specific to the Insurance Industry. In this summit, discuss current trends & pressing IT issues surrounding Insurance Internet of Things (IoT), find out how IoT transformation will benefit & profit the Insurance industry, learn from industry experts to effectively implement and transform business operations & product offerings through IoT, real-life solutions to overcome IoT related challenges, effective utilization on clients’ data as well as privacy & managing security issues on this digital transformation.
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