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Share Save 22 June 2016
In this installment of the Trusted Analytics series, KPMG’s Gary Richardson and William Howe explore how the rise of connected devices, the internet of things (IoT), InsurTech start-ups and sophisticated data and analytics are disrupting the insurance industry.
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Dr. Thomas Erwin
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Global Head of KPMG Lighthouse, Center of Excellence for Data & Analytics and Intelligent Automation KPMG in Germany
The relationship between insurers and their customers is changing as both gain more insight through data and analytics.
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These analytics will underpin many of the decisions that insurers make in the future, and more focus will need to be placed on ethical questions and the power of trusted analytics.
What does the future hold for GSIIs? In July 2013, FSB published inaugural list of G-SIIs which named nine insurance groups.
“The IoT and InsurTech companies are the major market disruptors. Like the booming FinTech sector in banking, InsurTechs play to the growing desire of consumers to conduct their business with very little direct human contact, and take advantage of the evidence that these emerging robo-relationships and the analytics behind them are becoming more trusted than the human equivalent." – Gary Richardson, UK Head of Data Engineering, KPMG in the UK Join the conversation on LinkedIn or on Twitter (@KPMG, #trustedanalytics).
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