SAP Certified Product enabling insurers to develop IoT portfolios for all lines of business, leveraging data for risk assessment and personalization.
msg.IoTA is an end-to-end solution toolbox for IoT integration in insurance. It allows insurers to develop their own IoT portfolio across all lines of business, helping them leverage IoT data for more accurate risk assessment and the creation of personalized insurance offerings.
Feature List
- IoT data integration
- Risk assessment tools
- Personalized offering creation
- Multi-line business support
- SAP certification
- Analytics and reporting
Use Case Scenarios
- An auto insurer uses msg.IoTA to develop a usage-based insurance product leveraging connected car data.
- A home insurance provider implements msg.IoTA to offer smart home insurance with real-time risk monitoring.
- A health insurer leverages msg.IoTA to integrate wearable device data into their underwriting and wellness programs.
Functionality Overview
msg.IoTA functions as a comprehensive platform for IoT integration in insurance. It collects and processes data from various connected devices, applies analytics to derive insights, and enables the creation of innovative insurance products. The system supports real-time risk assessment, enables dynamic pricing models, and facilitates the development of personalized insurance offerings based on individual behavior and risk profiles.
