Press Release

Internet of Things (IoT) Insurance Industry Outlook to 2023 – IBM Corporation, Accenture, Cognizant, Oracle Corporation, Zonoff Inc, Capgemini, SAP SE, LexisNexis, Lemonade Inc., Hippo Insurance

Feb 2019, New York, USA(News)- The Internet of things (IoT) is the network of devices, vehicles, and home appliances that contain electronics, software, actuators, and connectivity which allows these things to connect, interact and exchange data.
Until recently, the Internet of Things (IoT) was on the strategic agenda of only the largest and most progressive insurers. The IoT was largely viewed as a futuristic concept, and many insurers adopted a “wait and see” attitude. The IoT offers truly disruptive and transformative potential to the insurance industry. Substantial upside – even first mover advantage- exists for insurers that can shape the right strategy.

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According to this study, over the next five years the Internet of Things (IoT) Insurance market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Internet of Things (IoT) Insurance business, shared in Chapter 3.

Major Market Players
IBM Corporation (U.S.)
Accenture (Ireland)
Cognizant (U.S.)
Oracle Corporation (U.S)
Zonoff Inc (U.S.)
Capgemini (France)
SAP SE (Germany)
LexisNexis (U.S.)
Lemonade Inc (U.S.)
Hippo Insurance (U.S.)

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Segmentation by product type:
Health Insurance
Property and Causality Insurance
Life Insurance

Segmentation by application:
Automotive & Transport
Travel
Healthcare
Home and Commercial Buildings
Agriculture
Consumer Electronics
Others

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Research Objective:
To study and analyze the global Internet of Things (IoT) Insurance consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Internet of Things (IoT) Insurance market by identifying its various sub-segments.
Focuses on the key global Internet of Things (IoT) Insurance manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Internet of Things (IoT) Insurance with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Internet of Things (IoT) Insurance submarkets, with respect to key regions (along with their respective key countries).

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