Smart devices – connected through the Internet of Things, talking to each other, and harvesting data in real time – are on the rise. By 2020, more than half of major new business processes and systems will incorporate some element of the Internet of Things.
It has the potential to completely redefine the traditional insurance business model, shifting the focus from paying out after the event, to the prevention of accidents occurring in the first place. 
Nick Hewer is joined by
James Tucker – Smart Technology Manager, Allianz
Daniel Pearce - Senior Analyst, Global Data
Russ Mckay - Global solutions Architect, IBM Watson IoT division
Lottie Macnair – Design Researcher, Connected Places Catapult &#10;&nbsp;<br /><hr><p style='color: grey; font - size: 0.75em; '>See <a style='color: grey; ' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>

Smart Cities and the Insurance Industry

Steph McGovern and an expert panel discuss major global business trends, their impacts on the insurance industry and the challenges they pose to insurance brokers. At a time when business and technology are constantly changing, which fundamental worldwide shifts will have the greatest impact on businesses, and entire industries? What risks do we need to mitigate against, and which changes offer the most exciting opportunities? A podcast series by Allianz Insurance. Want to find out more about (Brexit/Geopolitics/AI/Autonomous Vehicles) and their potential effect on businesses and the insurance industry? Visit www.allianz.co.uk/broker