OEMs in various industries are bringing to market Industrial IoT–ready products meant for various types of sectors (oil and gas, green energy production, marine hull and cargo operators, construction, etc.). Traditionally, insurers would approach industrial stakeholders individually and rely on their capacity and willingness to get access to risk data required to quote, write, and manage contracts.
Goals and Objectives
Insurers can integrate ecosystems as passive stakeholders, insuring the whole value chain managed on the platform by various partners. Insurers can also become proactive actors by leveraging data available in the ecosystem to better manage the specific risks of each platform and to provide/sell real-time AI-enabled and/or traditional risk prevention services to customers of such platforms.
IoT, API architecture, Big Data, Mobile technologies, Cloud, Advanced analytics, Cognitive technologies, Next-gen security, Digital platforms