News Information

Internet of Things (IoT), has become an integral part of the global ecosystem and and has been overthrowing the insurance industry. Insurance companies need to reshape their own business model, and put the insurance and technology, ecosystem services and partners in close integration, and then transformed into a "Internet of Things insurer" to cope with the traditional business model growth challenges. According to Accenture's view, the Internet of Things will subvert the core of the insurance industry from three aspects. First, the customer is not just looking for a product, but a ready-to-get, service-oriented experience. Second, business types and risks are moving from product to service, and can not ignore the impact of a range of new risks. Third, cross-industry competitors are rapidly rising and forming a highly competitive market.

How insurance companies quickly take approach to respond to the profound changes that brought by the Internet of Things, of their traditional business models has become a hot topic of concern. The upcoming " Insurance IoT China Summit 2017", to be held on May 18-19, in Beijing, will invite 200+ worldwide leading insurance companies and IoT solutions providers to discuss how to harness the full power of IoT across underwriting, pricing, claims and fraud to improve customer experiences, Maximise revenue and create new product opportunities