IoT: Moving insurance from risk protection to prevention

The Old Library, Lloyd's
Wednesday, 24 January 2018
1:15 pm – 2:00 pm
    • Ruby Ghunia, Analyst, IoTUK/Digital Catapult Representative
  • Property lecture

In this IIL property lecture Ruby Ghunia offered pragmatic guidance on the relevance of IoT applications in the commercial insurance sector, while highlighting the advantages from leveraging data and analytics to improve decision-making and enhance margins.

The commercial insurance sector has been comparatively cautious in embracing the Internet of Things (IoT), and is therefore challenged in convincing its customer base of related gains. While investment in IoT can ultimately generate new tailored value propositions, collating and sharing data across a range of disparate sources can introduce additional risk if not managed properly.

By the end of this lecture members would have gained an insight into:

  • Where IoT 'fits' within the commercial insurance sector: What is the bottom line?
  • The fundamentals for IoT deployment
  • How the data driven platform will shape the sector's services orientation
  • Opportunities to cross-sell
  • Checklist on how insurers can foster best practice across their wider partner ecosystem

Speakers Bio:
Ruby leads GlobalData's Digital Insurance Practice. Her role covers digital transformation strategy, and the role technology plays in the insurance industry. Recent assignments have included big data and advanced analytics, Internet of Things (IoT), cybersecurity, InsurTechs, digital channels.

Chair:
Martin Eyres, Underwriting Director, Barbican Protect.

Venue
  • The Old Library, Lloyd's
  • One Lime Street
  • London
  • EC3M 7HA
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Registration & Security

IIL lectures are open to CII and PFS members
CII and PFS members must register online by 2pm one working day before the lecture
For lectures held in The Old Library, Lloyd's pass holders may also attend and do not need to register
All attendees (at any venue) must produce photo ID - either a Lloyd's pass, driving licence with photo or valid passport

Conditions:

  • Email confirmations and photo ID must be produced to security staff at the lecture venue
  • Attendance confirmations are non-transferable to any other person or lecture
  • All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission

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Contact:
Please contact Allison Potts (020 7397 3914) or Edward Walker (020 7397 3915) with any queries regarding the CPD events programme.

CII Accredited

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

3/4 hours' 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.