The three pillars are:-

  • Motor Insurance
  • Home Insurance
  • Health Insurance

In this Harvard Economics Review Andrea Silvello shows how Italian insurers have been early adopters of telematics and using big data analytics changing policies, processes and customer services. IoT has potential to impact across all three pillars.

Solution providers like 360Globalnet have revolutionised the whole claims management process in motor and home insurance. Healthcare, mostly government controlled in Europe will probably evolve faster to embrace IoT and connected devices through the drive of insurance companies.  Those that take the first major steps could be the dominant movers in the industry