InsurTech Insider Episode 10: Connected Homes
On today's episode we were joined by a plethora of insurance wizards to discuss Connected homes. Zurich head of market…
With Patrizia Cozzoli, Kristian Feldborg, Arslan Hannani, Mark Budd and Colin Richardson.
So what are Connected Homes? The panel begin by actually explaining the concept. How do these smart devices feed information to home owners and to third parties, such as retailers and insurers? More importantly- how comfortable are consumers- in an era where data is starting to become more sovereign, in allowing insurers access to this data?
Next we discuss the benefits and negatives for the consumer. What demographic loses out?
Moving on, the panel talk about consumer awareness. 77% of people have never heard of connected homes - so how does the insurance market create a more trusting image? Is it through education? Or must be wait until IOT becomes part of our daily lives. As Arslan rightly puts it “Netflix wasn’t part of our daily lives 5 or so years ago….now it is. In 5 years, we’ll be looking back and saying exactly the same about smart homes”.
We also bring you a fantastic interview from Head of Innovation at Zurich, Mark Budd, who tells us all about their brand new Innovation Foundry.
Enjoy the show!
Full podcast below:
Kristian Feldborg is the Vesuvio Labs founder and CEO, a Venture builder based in London for the Insurance and Finance sector, helping entrepreneurs by accelerating the process of turning their ideas into scalable products through our flexible, low-code software architecture.
In addition, we can connect entrepreneurs with investors, tax & legal advisors and to the wider tech ecosystem.