Disruption within the Insurance sector- where technology and innovation revolutionises customer engagement.
Many industries, including insurance are adopting IoT technologies to evolve within this increasingly competitive market. One of the first entrants was Motor, closely followed by Home and Health. Each business line has an extended value proposition, for example, for Connected Car, the aim would be to manage its existing customer base and increase profitability. For Health it would be to grow in new customer markets, reward for good behaviour as well as adopting ‘open’ technologies such as platforms and devices.
Across all areas, common digital levers become apparent- to reshape claims management, enhance processes and efficiency, minimise fraud and to increase revenue through competition - all achievable by harnessing the potential of data to add value.
Given the severe consequences of a security breach, it’s critical to build on reliable and proven cryptographic cybersecurity solutions.