Editorial by Hugh Terry
The smart home could represent a holy grail for property insurers. But, although eagerly anticipated, it has yet to achieve mass market adoption for several reasons, including product development, consumer demand and device interoperability. This month we examine the progress being made in these fields by insurers and InsurTechs in China, as well as how the state is responding to the opportunities presented by the technology – in a country where the penetration rate of home insurance is just 1%. And taking a wider look in thought leadership this month Swiss Re’s Cindy Zhang and Cecilia Sevillano look abroad to explore the opportunity smart home presents for insurers in China and worldwide.
The Digital Insurer
With the fast-growing development in the smart home industry, is there be a space for insurance companies?
China Life has invested $600 million into Didi and is actively working with other On-Demand startups in China.
Argo Tech is a location-based software provider that enables restaurant, grocery and convenience store owners to reduce the frequency and severity of customer and employee accidents through the digital documentation of mission critical inspection processes