Boston, Massachusetts, August 29, 2017 – Strategy Meets Action (SMA), a leading insurance strategic advisory firm, has just released a new research report: Smart Cities and Insurance: Exploring the Implications. The report defines a smart city, profiles leading smart cities around the world, identifies specific benefits and projects underway, discusses how each insurance line of business will be affected, and identifies insurers that are already involved in smart city initiatives. Findings of the research include the following:
Mobility, sustainability, and public safety are the top areas of focus today for the smart city movement.- Megacities are recognized smart city leaders, but many mid-sized and smaller cities have innovative initiatives underway as well.
- Global insurers such as AXA, Allianz, Zurich, and Swiss Re are already engaged in smart city initiatives.
- Every insurance line of business will be affected as new risks emerge, existing risks are amplified, and opportunities for new insurance products increase.
“Smart city initiatives are catalysts for the movement toward a more connected world,” said Mark Breading, SMA Founder and report author. “The evolution to a holistic smart city will take decades, but the implications for the insurance industry are emerging even now.”
Insurers, InsurTech companies, solution providers, and media that are interested in learning more should contact Mark Breading at mbreading@strategymeetsaction.com or 614.562.8310.