Digital Insurance: IoT (Internet of Things) Overview

ZOOM WEBINAR
Wednesday, 21 October 2020
1:00 pm – 2:00 pm
    • Sumit Sethi, Consultant, SUM IT CONSULTANCY

The world has never been so connected with an inexhaustible array of Smart devices from Smart Phones, Smart Watches, Smart TVs and even Smart Fridges. Just as globalisation transcends borders, IoT (Internet of Things) is fuelling businesses in becoming more connected to their consumers.

Incumbents who do not adopt new technologies are vulnerable to the ‘Uber’ effect, and as such can be displaced by new entrants who bypass barriers to entry with propositions underpinned by these new technologies. Start-ups can dictate new industry equilibriums, with a pace of agility that existing players cannot contend with; and thus, disrupt through digitalisation.

InsurTech is the insurance industry’s own crop of start-ups who have their eyes set on becoming the next batch of Unicorns (valued at $1Billion+). In doing so, some are intent on displacing the existing players, whilst others are more focussed towards working with existing companies. Both types of start-ups are inherently seeking to change the insurance industry.

This webinar will focus on IoT - detailing what IoT is, why it matters for the insurance industry and who has the most compelling propositions for consumers.

This view of ‘above the line’ will be supplemented by when and which technological aspects fuelled IoT, together with how 5G will bring about the next wave of propositions and possibilities. However, the implementation of GDPR in 2018 is where businesses must exercise judgement and oversight in their adoption of IoT.

This holistic tour will help attendees to understand how IoT can be best applied to the insurance industry, and where it can disrupt.

Online Booking

If you would like to join us for this free, one hour webinar, please reserve your place by clicking on the Book Now button below.

Please note that this webinar will be run using Zoom technology and you may need to install relevant software onto your device in order to follow the webinar.

Full login details will be emailed to delegates when they reserve their place.

Learning Objectives

By the end of this webinar, participants will be able to:

  • describe how IoT works from a business perspective including key use cases

  • understand how 5G will further accelerate IoT adoption together with new propositions

  • cite the interdependent technologies that have propelled IoT into modern day life

  • identify the current and future applications of IoT

  • recognise the main InsurTechs in this space and their value propositions

  • overlay IoT use cases across Broking, Claims, PFS and Underwriting

About our Speaker

Sumit Sethi is a leading Change Professional with two decades of experience in General Insurance and most recently, within the Television and Telecommunications Industry. During this time, he progressed from Delivery to Strategy via Architecture, working seamlessly in both the Business and IT domains and as such, Sumit is both a qualified Chartered Insurer (ACII) and Chartered IT Professional (MBCS CITP).

Sumit’s early career was in Delivery working as a hybrid Business Analyst and Project Manager, culminating in the creation of his own Business Analysis Practice. Exposure to more IT-centric projects led Sumit to specialise in Architecture working as an Enterprise Business Architect across a range of industries. This combination of Business and IT experience facilitated Sumit’s progression to his current path of Strategy and specifically, InsurTech. Most recently, Sumit has been undertaking Consultancy and Advisory engagements from a range of UK insurers to the UK’s largest MGA and several start-ups.

Venue
  • ZOOM WEBINAR

CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

1 hour's CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.

Ticket type Price   Qty  
Registration
Free