It's here! The latest #InsurTech Insider - Episode 10, Insurance & Connected Homes
So what are Connected Homes? The panel begin by actually explaining the concept. How do these smart devices feed information to home owners and to third parties, such as retailers and insurers? More importantly, how comfortable are consumers, in an era where data is starting to become more sovereign, with allowing insurers access to this data?
Next we discuss the pros and cons for the consumer. Which demographics lose out?
Moving on, the panel talk about consumer awareness. 77% of people have never heard of connected homes so how does the insurance market create a more trusting image? Is it through education? Or must we wait until IoT becomes part of our daily lives. As Arslan rightly puts it, "Netflix wasn't part of our daily lives 5 or so years ago....now it is. In 5 years, we'll be looking back and saying exactly the same about smart homes".
We also bring you a fantastic interview from Head of Innovation at Zurich, Mark Budd, who tells us all about their brand new Innovation Foundry.