Connected Home for Insurers

Transcription

1 Brochure More information from Connected Home for Insurers Description: The Connected Home: implication for insurers is the first research available on the topic that combines an indepth analysis of Connected Home and Smart Home, with a review of Connected Home insurance products (or partnerships) that are related to Home insurance, which we have defined with the name of Connected Home insurance. The idea of Connected Home goes back to the 1960s, but obviously, the technology was then too immature to make this dream a reality. In recent years, the lowering cost of technology, the universal adoption of Smartphones and the definition of communication standards have made Connected Home a reality from a technical point of view. Connected Home was a key theme at CES, the largest North American Consumer Electronics exhibition, and at IFA, the largest European Consumer Electronics exhibition. In particular, this year retailers have joined manufacturers to support Connected Home and are planning to invest in Connected Home distribution, adapting stores layouts to accommodate specific areas on "Connected Home" product offering and further training staff on their Connected home products. According to several consumer research conducted in Europe and North America, consumers are ready to adopt Connected home. However, they are still worried by the complexity of choice and installation and by the security (and in some cases of the privacy) implications of it. In conclusion, by Christmas 2016 Connected Home should evolve from "early adopters" to mainstream adoption both in North America and in Europe. In this context of raising expectations of adoption of Connected Home by consumers, we have looked at this trend from the point of view of General Insurers to understand the implications on their business, and in particular on Home insurance. As part of this study we have therefore scouted and identified 15+ products and partnerships already available on Connected Home insurance; we have analysed them and drawn key learnings. From these learnings and from an opportunities and threats analysis of Connected Home for General Insurers, we have defined the main options for these players and provided a short and medium term estimate of the Connected Home Insurance market in United States, United Kingdom, France, Germany, Italy and Spain. Therefore this research can be a valuable contribution to those insurers looking to learn more about Connected Home and Connected Home Insurance or that are in the process of formulating / reviewing their strategy in this space. Contents: EXECUTIVE SUMMARY A. OVERVIEW 2. The Internet of Things and the positioning of Connected Home within the Internet of Things 3. Connected Home Definition 4. Smart Home Definition and key differences with Connected Home 5. Key Benefits of a Connected Home for Consumers 6. Key offer segments a) Segment 1 b) Segment 2 c) Segment 3 d) Segment 4 B. CURRENT MARKET SIZE AND KEY DEVELOPMENTS 1. Current Market Size 2. Major Developments by manufacturers

2 a) Development 1 b) Development 2 c) Development 3 d) Development 4 e) Development 5 f) Development 6 g) Development 7 h) Development 8 i) Development 9 j) Development 10 k) Development 11 l) Development 12 m) Development 13 n) Development 14 o) Development 15 p) Development 16 q) Development 17 r) Development 18 s) Development 19 t) Development 20 u) Development 21 v) Development 22 w) Development 23 x) Development 24 y) In summary 3. Major Developments by retailers and distributors a) Development 1 b) Development 2 c) Development 3 d) Development 4 e) Development 5 f) Development 6 g) Development 7 h) In summary 4. Conclusions and implications for insurers C CONNECTED HOME USE CASES AND BENEFITS FOR CONSUMERS 1. Definition of Connected Home and high level benefits to consumers 2. Use cases and benefits for consumers 3. Benefit family 1 4. Benefit family 2 5. Benefit family 3 6. Benefit family 4 7. Benefit family 5 8. Benefit family 6 9. Conclusions and Implications for insurers D CONSUMERS ATTITUDE TOWARDS CONNECTED HOME 1. What do consumers want from Smart Homes? 2. What are the main perceived benefits by consumers? 3. Are consumers ready to purchase connected home devices? Which ones? 4. How do consumers expect to control their Smart Home devices? 5. What is the approach to purchase smart home devices? 6. How do the different age groups perceive the benefits of Connected Home? 7. What is the approach to a subscription based model? 8. What are the main obstacles to buy Connected Home devices? 9. Adoption drives adoption as usual 10. Devices doing it on their own? Towards Smart Home 11. Which of the benefits of Connected Home bear some relationship with insurance? E CONNECTED HOME MARKET POTENTIAL 1. Expected market development

3 2. Key Trends a) Trend 1 b) Trend 2 c) Trend 3 d) Trend 4 e) Trend 5 3. Market forecasts a) Global Markets for Connected Home Revenues b) Global Markets for Connected Home Shipments c) Global Markets for Connected Home Household penetration d) Global Markets for Connected Home Regional forecasts e) Global Markets for Connected Home By product segment 4. In summary F CONNECTED HOME FULL TECHNICAL STACK 2. Layer 1 3. Layer 2 4. Layer 3 5. Layer 4 6. Layer 5 7. Layer 6 8. In summary 9. Where can insurers connect in this ecosystem? G. CONNECTED HOME: WHERE ARE GOOGLE, APPLE AND AMAZON PLAYING? Google s approach to Connected Home 3. Apple s approach to Connected Home 4. Amazon s approach to Connected Home 5. Conclusion H. CONNECTED HOME INSURANCE: PRODUCTS AND PARTNERSHIPS ALREADY ANNOUNCED 1. Positioning of insurers on the Connected Home offering 2. Products and partnerships announced a) Product / partnership 1 b) Product / partnership 2 c) Product / partnership 3 d) Product / partnership 4 e) Product / partnership 5 f) Product / partnership 6 g) Product / partnership 7 h) Product / partnership 8 i) Product / partnership 9 j) Product / partnership 10 k) Product / partnership 11 l) Product / partnership 12 m) Product / partnership 13 n) Product / partnership 14 o) Product / partnership 15 p) Product / partnership 16 q) Product / partnership Products and partnerships announced: key findings I. CONNECTED HOME INSURANCE: OPPORTUNITIES AND THREATS 2. Opportunities for insurers a) Opportunity 1 b) Opportunity 2 c) Opportunity 3 d) Opportunity 4 e) Opportunity 5

4 f) Opportunity 6 g) Opportunity 7 h) Opportunity 8 i) In summary 3. Threats to insurers a) Threat 1 b) Threat 2 c) Threat 3 d) Threat 4 e) Threat 5 f) Threat 6 g) Threat 7 h) In summary 4. Barriers to adoption of Connected Home insurance a) Barrier 1 b) Barrier 2 c) Barrier 3 d) Barrier 4 e) Barrier 5 J. CONNECTED HOME INSURANCE: MARKET FORECASTS FOR 2017 AND FOR Methodology followed 3. Case study: Similarities and differences with Connected Car Telematics 4. Some key metrics on the home insurance market in US, UK, France, German, Italy and Spain 5. Our medium term estimate: penetration, number of policies and gross written premiums for Our short term estimate: penetration, number of policies and gross written premiums for In summary K. CONNECTED HOME INSURANCE: OPTIONS AVAILABLE TO INSURERS 1. Options available to insurers today 2. Option 1 3. Option 2 4. Option 3 5. In summary APPENDIX Ordering: Order Online - Order by Fax - using the form below Order by Post - print the order form below and send to Research and Markets, Guinness Centre, Taylors Lane, Dublin 8, Ireland.

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