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IoT Platforms in the Life, Health, and Annuity Market

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10 January 2019

Celent profiles seven systems that are currently in use, in implementation, or being marketed toward life, health, and annuities products.

Key research questions

  • How are wearables and IoT platforms used in life and health insurance?
  • Who are the vendors in the IoT platform market?
  • What are Celent’s recommendations for insurers when evaluating IoT platform options?

Abstract

Many insurers are incorporating IoT into their products and processes. As they move forward, insurers will face the challenge of buying data or having their own processing capabilities. A new category of vendors is appearing offering capabilities to process information from sensors. This report looks at the different platforms available today and hopes to serve as a guideline for those deciding to build their own capabilities.