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Implications of IoT Data for InsurersNEW YORK, Nov. 13, 2017 /PRNewswire/ -- Home and auto insurers can manage risk and save money by leveraging smart home products to predict and prevent fires, flooding, and device malfunctions. Health insurers can gather data to improve care quality and health outcomes, by collecting and analyzing data from connected devices such as connected blood pressure or fitness monitors. All insurers will also be able to use smart home data to determine the most competitive premiums and provide new benefits to their customers. This report reviews insurance applications for the connected home, assesses benefits for both insurers and policy holders, and evaluates early insurance programs leveraging smart home data. Implications of IoT Data for Insurers draws information and data from multiple sources: - Interviews with and research on companies, including smart home device manufacturers, smart home system integrators, and smart home system providers - Company financial reports and related secondary research - Parks Associates consumer surveys and forecasts - Parks Associates reports: o Insurance Opportunities in the Connected Home, Q3 2017 o 360 View: Residential Security and Smart Home, Q1 2017 o IoT Data: Securing the Connected Home, Q2 2017 o Smart Home: A Roadmap for Strategic Planning, Q4 2016 o 360 View Update: Connected Home Devices Deep Dive, Q3 2016 o Managing Home Resources: Smart Energy and Water Products, Q3 2016 o Delivering Peace of Mind: Connected Devices and Sensors, Q2 2016 The companies researched or interviewed for this report include the following (Figure 1): Allstate Farmers LeakBot ROC-Connect American Family Insurance Fibaro Leak Sentinel Roost Aviva First Alert LeakSMART State Farm Allianz Gore Mutual Liberty Mutual USAA CoreLogic Hippo Neos Verisk Solutions EVRYTHNG Home Beaver Nest Vivint Honeywell Panasonic Read the full report: https://www.reportlinker.com/p05192461 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. https://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/implications-of-iot-data-for-insurers-300554748.html SOURCE Reportlinker |