Tag Archives: insurance

Reading list for 12 October 2015

Kids playing cards
Yes you can play cards on an iPad, but kids don’t enjoy it as much as the real game

In between all these links I’m currently reading LEAN Enterprise – I’ll provide a full review if/ when I manage to finish it.

In the meantime, here are some of the more interesting links I’ve visited over the last week:

Mobile leads first half digital ad surge| warc.com – Ad spend on mobiles increased 51% to £1.08bn during the first half of 2015. Is it a bubble or a natural trend? Continue reading Reading list for 12 October 2015

IoT article: Why Insurers are Threatened by Everyone Except Other Insurers

Craig Polley discussing Insurance and IoT at TechUK
Craig Polley from Digital Risk Services discussing Insurance and IoT at TechUK

This morning I attended a TechUK seminar “Insurance and the Internet of Things”.

There were some good speakers who raised quite a few points which I hadn’t heard or thought of until today. Clearly there are some leaders in the space, who are not insurers and are gearing up for a battle for new types of insurance products.

My notes are below. As usual, apologies for brevity, spelling and grammatical errors – all of which are mine not the speakers. It was a fact packed 90 minutes and I struggled to keep up with all the presenters. Continue reading IoT article: Why Insurers are Threatened by Everyone Except Other Insurers

The Insurance Industry and the Need for Innovation

On stage at ITC 2015, and I look like I'm performing some sort of card trick
On stage at ITC 2015, and I look like I’m performing some sort of card trick

Earlier this week I was on a panel at the ITC (Insurance Technology Congress) 2015 event. My panel was dealing specifically with Internet of Things in the insurance industry.

The event was aimed at CIOs of large, mainly commercial insurance companies. The CTO and CIOs in the room spend their time and budget keeping the lights on – i.e. keeping their systems in tip-top shape.

These CIOs and CTOs are rightly proud of their systems’ stability and availability, and until now innovation is a distant second priority. However, new technologies and technology companies are entering the market, and this conference was a joining of minds to create a plan for the future.

Note: Endava were sponsors of the event, and I was only able to attend the first day of the event. Continue reading The Insurance Industry and the Need for Innovation

Challenges ahead for the Internet of Things

Connecting IoT devices is now simple (except for toasters)
Connecting IoT devices is now simple (except for toasters)

One of the most popular blog posts I’ve written recently was about the Internet of Things and Insurance, in readiness for a panel at the Insurance Technology Congress 2015 event in September.

Since the blog post I’ve received some feedback asking about other aspects of IoT which I’ll cover here. Specifically they fall into two buckets – security, and more clarity around the definition.

Defining IoT

Like many areas of IT, one could argue that the IoT has already been around for decades, but now it’s receiving more market awareness.

At the 1989 Interop conference, Dan Lynch and others created the first Internet Toaster which was connected to the Internet (via TCP/IP) and could be controlled (well, the power was controlled) remotely. It was a proof of concept that really anything could be on the Internet. Continue reading Challenges ahead for the Internet of Things

TechUK and the Connected Home (IoT)

It was a large audience for today's TechUK IoT #connectedhome event. Credit: João Marques Lima on Twitter
It was a large audience for today’s TechUK IoT #connectedhome event.
Credit: João Marques Lima

This morning I went to an event at Tech UK called “The Connected Home: Empowering the consumer through the Internet of Things”. Here are my notes which I managed to quickly scribble down.

Jeremy Green from Machina Research was the chairman for the morning.

Energy Retail

  • In the energy retail market, smart meters increased conversion rate from 12 to 48% through more intelligent offers and improved proposition
  • Internet of Things (IoT) is about getting data to a user’s smartphone to view analytics and make a choice of what to do 20% of energy bills are ‘background use’ – which is background energy being used while sleeping, or not even knowing a device is on.
  • The topic was highly focussed on Smart Meters, mainly because of the panel at the event (smart meter suppliers). Unfortunately there was nothing about changing business models and it led to some government bashing.

Continue reading TechUK and the Connected Home (IoT)

How Insurance will use Internet of Things technologies

In October I’m giving a keynote speech at an insurance event and I’ve been asked to speak about new technologies and trends. Separately, one of the readers of this site, Doug, recently emailed me asking whether I had “any insight into the insurance sector, and company’s use of Internet of Things technologies?

Here are some thoughts which I’ve been thinking about for a while.

In its truest form, Internet of Things, or IoT for short, applies to an electronic device which has Internet connectivity capability – i.e. it can send data to, or receive data from services on the Internet. Continue reading How Insurance will use Internet of Things technologies

What is Digital Transformation in Financial Services?

This morning I was on the keynote panel at the FST (Financial Services Technology) Conference in Dallas, USA with the snazzy title of Digital Transformation. I was joined by three other panelists from Thomson Reuters, Wells Fargo and Discover. It was a lively debate, with some differing views and experiences. I thoroughly enjoyed the experience.

In preparation for the conference, I put together my thoughts on what is Digital Transformation? There are many industry commentators who are putting every project into their Digital Transformation bucket (well, budget). And Transformation either starts with or leads on to Innovation – so what is Innovation? Continue reading What is Digital Transformation in Financial Services?

The June CSFI breakfast meeting on Blockchain, fintech and regulation

View from the CSFI June breakfast meeting at Dentons. Image from Paul on Twitter fred
View from the CSFI June breakfast meeting at Dentons. Image from Paul Parboteeah on Twitter

At the June CSFI breakfast round table we discussed some of the recent technology and market innovations in the Fintech industry. In fact, it wasn’t a round table at all – there were so many attendees that it ended up more like a lecture theatre layout. Credit to the panel for keeping the conversation two-way with the audience.

CSFI round tables are always interesting, and due to the Chatham House rule, I can only report on the main headlines and not who said them.

The key points were Blockchain, fintech, regulation and other innovation. Continue reading The June CSFI breakfast meeting on Blockchain, fintech and regulation

Payments International 2015 – Day 3 report #PayInt15

Today was the final day of the Payments International 2015 conference. Here are my notes. Again I apologise for any brevity, grammatical abominations and spelling errors – this post is a case of publishing speed versus comprehensiveness.

Keynote

Smart companies and dumb companies - according to Mark Stevenson
Smart companies and dumb companies – according to Mark Stevenson

Mark Stevenson was the keynote speech. Mark is clearly a Marmite presenter – people either like or dislike him. Personally I liked his approach, and during the session started following him immediately at @optimistontour.

His keynote on “Why Infrastructure We Have Now Can’t Survive” began with describing how core infrastructure and business models are soon going to be unfit for purpose.

Continue reading Payments International 2015 – Day 3 report #PayInt15