The Case Study of Innovation in Internet of Thing Insurance

• Main Authors: Chia-Yi Tsou, 鄒佳宜
• Other Authors: Liu, Day-Yang
• Format: Others
• Language: zh-TW
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/46m33y

碩士 === 國立臺灣科技大學 === 財務金融研究所 === 105 === When FinTech provoked the innovation of bank industry; However, Taiwan insurance industry have left behind, I believe InsurTech will disrupt the business model or replace the part of business in insurance industry. Even the trend of the Internet is on the rise, Taiwan insurance companies still follows the old management model 30 years ago. When it turns to the Internet of Things, which will change the model of pricing because of the connection between remote communications, smart furniture, mobile and i-clouding, companies could collect the information of how customer behaves timely, and appraise the risk of the insured precisely. Moreover, when the decreased cost of sensors will make the less of information asymmetry in the future, insurer could design the product depends on the needs of customer. Our case study focuses on insurance of Internet of Thing and give suggestions: 1.From the viewpoint of insures, IOT is a tool of innovation, and thErnst & Young use the technology connected with products to test the water in market, and the degree of innovation acceptation in China is higher than Taiwan, when the alternation of generation comes, Taiwan people will increase the reliance on Technology. 2.Only when insurance companies unite the power of innovation together, which could affect the market and let the government regulation become loose. 3.Insurers should build on the ecosphere to attract different supplier and incur the network effects, which will appeal more consumer to participate.