Swiss Re: Insurers must do or die with IoT

LONDON, UK – Speaking at the Internet of Insurance at the M by Montcalm earlier today, Swiss Re customer technology manager Oliver Werneyer spoke at length on how insurance business models are changing in light of the opportunities presented by the Internet of Things. As a reinsurer, he said that Swiss Re does “quite a lot of research” in the area of new technologies, adding that the IoT represents an opportunity for insurers to improve their relationships with customers – and ultimately stay in business.