Consumers and Data Sharing in Insurance - UK - July 2017
“The Internet of Things offers insurers a huge opportunity to develop much needed regular touchpoints with their policyholders. This could in turn help to improve customer retention by moving the focus of communication away from the annual policy renewal.
The majority of existing/potential owners of emerging smart devices say they would share data from these devices with an insurer, suggesting that providers could be well positioned to give consumers access to a better connected ecosystem.”
- Paul Davies, Senior Financial Services Analyst
This report will cover the following areas:
Making the most of the IoT
The importance of trust
Providers and data sharing