Insurance of Things
Insurance of Things
All activities have an associated risk
Harmful events are hard to predict
Harmful events could have a high negative impact
Cover unpredictable harmful events with
finance compensation.
Reduce harmful events
Reduce business negative impact
Reduce premium costs
Improve decision on insurance approval
Improve the terms of insurance
Reduce harmful events and thus compensations
Real-time data collection
Real-time events alerts
Add trackers and sensors to assets
Real-time reporting of location and environment conditions (e.g. temperature, humidity, shock,…)
Real-time alerts and data analytics based decisions
Store thefts
Luxury fashion e-commerce
Maritime containers
Home
THEFTS
Retail Stores
Mobile products
High value products
"Bait": one of the packages is a tracker
Once starts moving sends GPS location
Theft alert
Product recovery
Criminal detention
LUXURY FASHION E-COMMERCE
E-commerce
Expensive
Shipping
Stolen
Lost
Damaged
Add a tracker into the package
Get alerts and location
Product recovery
Product re-order
Brand trust
MARITIME CONTAINERS
Damaged
Container fire detection
Cold-chain breaks
Add a tracker into a container's vent hood
Define geofences
Receive alerts on location and impact
Damaged responsability identification
Longstanding notification
Demurrage prevention
HOME
Rooms humidity
Refrigerator cold-chain break
Add a tracker to every room
Add a tracker to the refrigerator
Actions:
Refrigerator temperature alert:
turn power on or fix temperature configurationsHome owners, landlords, airbnb can:
Prevent wall damages
Prevent food waste
Prevent floods
Better insurance policies
Better risk evaluation
Reduce costs
New revenue streams