Are Insurers Ready for the Internet of Things?

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
29 October 2014

And Should They Be?


Celent asked a panel of CIOs a series of questions about their company’s readiness for the Internet of Things (IoT). The survey asked the CIOs about how their C-Suites view the potential importance of the IoT.

The questions covered a number of topics, including:

  • Views of the IoT in the C-Suite and among IT management
  • Organizational responsibility for tracking IoT developments
  • LOBs’ current and future IoT activity
  • Value chain-specific current and future IoT activity
  • Technological readiness

“In general insurers are in a watchful waiting mode. They believe that the Internet of Things will make a significant difference to how they do business,” says Donald Light, Director of Celent’s Americas Property & Casualty Practice and author of the report. “But they see this occurring over a period of several years. Auto insurance telematics / usage-based insurance is the one notable exception to that general trend.”