Revolutionizing Home
Insurance with IoT Technology

What’s the “MATTER” with Insurance?
Join our session to discover how IoT and Matter Protocol
are revolutionizing the Home Insurance.

Date: Wednesday, October 25th , 2023 11:00 AM EST

Revolutionizing Home
Insurance with IoT Technology

What’s the “MATTER” with Insurance?
Join our session to discover how IoT and Matter Protocol are revolutionizing the Home Insurance.
Date: Wednesday, September 20th , 2023 11:00 AM EST

Smart Connected home devices are rapidly gaining popularity, becoming a commonplace feature in modern homes. From smart thermostats and lighting to security systems and sensors, homeowners are increasingly embracing the benefits of IoT technology. This trend is fueled in part by the development of the Matter protocol, an open-source, secure and interoperable standard that enables smart home devices from various manufacturers to work together seamlessly.

As smart home technology continues to evolve, it presents new opportunities for the insurance industry. The home insurance market is expected to reach $395.04 billion by 2027.

These devices provide valuable data that insurers can use to better understand and manage risk, develop innovative and personalized products. For example, sensors can detect water leaks and smoke, helping to prevent damage and reduce claims. Likewise, smart security systems can help prevent theft and provide critical data for processing claims and underwriting.

The convergence of IoT (Internet of Things) and AI/ML (Artificial Intelligence/Machine Learning) technologies within the home insurance sector holds the promise of transforming the operational landscape for insurance companies. Through the utilization of intelligent devices, instantaneous data, and sophisticated analytics, insurers can elevate their underwriting procedures, reduce risks, and simplify the claims handling process.

During the workshop’s interactive sessions and user-friendly lessons, attendees will gain insight into how smart home gadgets can provide valuable information for risk management, processing insurance claims, and determining insurance coverage.

IOT IMAGE 1

The convergence of IoT (Internet of Things) and AI/ML (Artificial Intelligence/Machine Learning) technologies within the home insurance sector holds the promise of transforming the operational landscape for insurance companies. Through the utilization of intelligent devices, instantaneous data, and sophisticated analytics, insurers can elevate their underwriting procedures, reduce risks, and simplify the claims handling process.

During the workshop’s interactive sessions and user-friendly lessons, attendees will gain insight into how smart home gadgets can provide valuable information for risk management, processing insurance claims, and determining insurance coverage.

Agenda of the workshop

The latest trends and developments in the intersection of IoT and home insurance.
Understanding how Matter protocol is driving IoT adoption in homes and how it can be beneficial for insurers.
Art of Possible/ innovative solutions that can be developed by insurers by leveraging the benefits of IoT and Matter protocol and how they can create value for customers.
The way forward for insurance companies in leveraging smart home technology to improve services and meet customer needs.

Outcome of the Workshop

IOT Why attend 1

Speakers

Venkat-Menta

Venkat Menta

Nithyanandham-Elumalai

Nithyanandham Elumalai

Who Should Attend?

Insurance companies, Tech Providers, and Interested in smart home technology and insurance.

Don’t miss your opportunity to stay ahead of the curve in this rapidly evolving industry!
Register for our session now!

Register Here

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