Smart Cities and Insurance: Exploring the Implications

An SMA Research Report

Mark A. Breading, Partner
Publication Date:
August 29, 2017
Number of Pages:
$995.00 USD

The concept of smart cities is gaining momentum, and many cities around the world are developing smart city strategies and implementing specific projects. As the world’s population continues to migrate to cities and those cities become more connected, new risks emerge, existing risks are amplified, and opportunities for new insurance products increase.

SMA’s new research report, Smart Cities and Insurance: Exploring the Implications takes a close look at the state of smart city development around the world and the implications for insurers. The report includes examples of specific smart city projects and key cities that are in the vanguard of the smart city movement. Implications for each insurance line of business, identification of insurers that are already involved in smart city initiatives, and recommendations for insurers are also discussed.   

 Figure 1 shows the key areas of Smart City benefits. 

20170829 SmartCities


Table of Contents

  • Key Insights for Insurance Executives 3
  • What Is a Smart City? (And Why Are They Important?) 4
  • How Can Smart Cities Help? 6
  • What Are the Implications for Insurers? 8
  • What Technologies Are Vital? 10
  • What Are the Roles of Governments and Consortiums? 11
  • Which Cities Are Considered Leaders? 12
  • How Are Insurers Involved? 12
  • How Should Insurers Prepare? 13
  • About Strategy Meets Action 15