This is the second in a series of brief interviews with speakers, presenters, moderators or panelists at the Internet of Insurance Conference to be held The Line Hotel, in Austin, TX on September 17th & 18th, 2019. You can register for the event here: https://ioi-usa.internetofbusiness.com/
What is your name and what do you do?
Is the cyber threat for devices a major impediment to the implementation of this technology into insurance?
Since insurers capture many points of data and some which can be highly identifiable, they are very focused on data privacy.
Ironically, we are in the risk-taking business, but are afraid to take risk.
How can companies in the insurance ecosystem get comfortable with internet-ready devices?
It is very important to understand the business case for the device. Most often data can be collected in a way to remove the risk of a breach.
What is a good first step for companies deciding whether or not to integrate Internet devices into their business model?
We always recommend a test on a small segment to identify the benefits and risks.
How do you envision the insurance market 10 years from now? Can you provide your fantastical vision of how all this technology might be used on a day-to-day basis?
Insurance has started to move from reaction to prevention. The future vision is your insurance can protect and prevent as their primary business.
Can you describe your role in the 2019 Internet of Insurance Conference?
Presenting on the questions to ask within an insurance company to prepare for the proposed AM Best Innovation Score.
What will attendees who attend your session learn?
How AMBest is planning to access innovation within organizations and their view on how this will impact long term financials and sustainability.