Data from Internet of Things (IoT) devices are providing insurers with new approaches to insuring existing risks, as well as the opportunity to extend coverage to new risks. This report examines the shift towards IoT-enabled risk prevention and mitigation services in the insurance industry. Using a series of case studies to highlight the key components of successful services, the report aims to support the industry in its transformation and in promoting a healthier and safer society.

Risk prevention is inherent to insurance.

Pandemic business interruption risk is uninsurable by insurers alone, as it cannot be modelled and priced, it is systemic in nature, and maximum losses are not manageable from the insurer’s solvency point of view.

As evidence of climate change mounts and the world transitions to net zero, climate liability risks are evolving, too, with climate-related litigation cases increasing in number and ex

Businesses, governments and societies increasingly depend on interconnected online systems, making them vulnerable to viral cyber events and large-scale disruption and destruction.

Author: Dennis Noordhoek

The COVID-19 pandemic has forced many insurers to accelerate their transition to digital business models. Though this has been remarkably successful in many countries, the crisis has also highlighted the critical role played by national regulatory frameworks in both facilitating and hindering the shift to digitalisation in the insurance industry.