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#CONNSummit19 © PARKS ASSOCIATES Insurance, Consumers and IoT: New Business Models #CONNSummit19 @ CONN_Summit

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Page 1: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

#CONNSummit19 © PARKS ASSOCIATES

Insurance, Consumers and

IoT: New Business Models

#CONNSummit19 @CONN_Summit

Page 2: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

#CONNSummit19 © PARKS ASSOCIATES

Consumer Interest in Insurance IoT Solutions

60%Interested in

water, fire,

or theft devices

75%Purchase intenders

willing to share

data automatically

with insurers

40-50%Interested in

additional

services

from insurer

40%Would switch

providers to get

smart home

products

Page 3: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

#CONNSummit19 © PARKS ASSOCIATES

Daniel Behrendt

Head of Business

Development

Resideo

Cristene Gonzalez-WertzElectronics + Environment, Energy &

Utilities Research Director

IBM Institute for Business

Value

Yuval HarryHead of Partnerships

Hippo

@hippo_insurance

Jon-Michael KowallAssistant VP of Property Product

Development & Innovation

USAA

@USAA

David WechslerSenior Director of Channels

and Partnerships

Comcast Xfinity

@DaveWechsler

Brad RussellResearch Director,

Connected Home

Parks Associates

@bradrusselltechMe

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Page 4: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

#CONNSummit19

Daniel Behrendt

Head of Business

Development

Resideo

Page 5: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

What We Do…

Helping you feel more safe, secure and comfortable at home.

12

3

48

76

5

*Most Active SKUs

2

9

5

Page 6: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

#CONNSummit19

Cristene Gonzalez-WertzElectronics + Environment, Energy &

Utilities Research Director

IBM Institute for

Business Value

Page 7: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

#CONNSummit19

Yuval Harry

Head of Partnerships

Hippo

@hippo_insurance

Page 8: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

What is Hippo Homeowners Insurance?

Easy purchase

Modern coverage

Proactive insurance

Page 9: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

#CONNSummit19

Jon-Michael KowallAssistant VP of Property Product

Development & Innovation

USAA

@USAA

Page 10: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

…facilitate the financial security of its members

…be the provider of choice for the military community.

Page 11: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

#CONNSummit19

David Wechsler

Senior Director of Channels

and Partnerships

Comcast Xfinity

@DaveWechsler

Page 12: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

• Comcast Corp is a global media and technology company with three primary businesses:

Comcast Cable, NBCUniversal, and Sky. Comcast Cable is one of the US’s largest video, high-

speed internet, and phone providers to residential customers under the xfinity brand. It also

provides wireless and security and automation services to residential customers under the xfinity

brand. Sky is one of Europe's leading media and entertainment companies also providing

communications services, including residential high-speed internet, phone, and wireless services.

- Q3 ’18 - Total High-Speed Internet Customers (US): 26.8MM - (24.7MM res, 2.1MM bus)

• Various constituents in the insurance industry are exploring how IoT might optimize different

business models.

• As our internet is the backbone for a significant number of the nation’s IoT devices, we wanted to

have an understanding of how the sector might impact IoT growth trends.

- Invested in Hippo through Comcast Ventures and partnered with Hippo in agency distribution to

get a hands-on perspective

Confidential and Proprietary 12

Page 13: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

#CONNSummit19 © PARKS ASSOCIATES

Daniel Behrendt

Head of Business

Development

Resideo

Cristene Gonzalez-WertzElectronics + Environment, Energy &

Utilities Research Director

IBM Institute for Business

Value

Yuval HarryHead of Partnerships

Hippo

@hippo_insurance

Jon-Michael KowallAssistant VP of Property Product

Development & Innovation

USAA

@USAA

David WechslerSenior Director of Channels

and Partnerships

Comcast Xfinity

@DaveWechsler

Brad RussellResearch Director,

Connected Home

Parks Associates

@bradrusselltechMe

et

the

Sp

ea

ke

rs

MO

DE

RA

TO

R

Page 14: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

#CONNSummit19 © PARKS ASSOCIATES

Sponsors

Reception

Event

Program Guide

Page 15: Insurance, Consumers and IoT: New Business Models · Future of Video: OTT, Pay TV, and Digital Media December 2019 Marina del Rey, CA CONNECTIONS™ Summit at CES: Consumer IoT and

#CONNSummit19 © PARKS ASSOCIATES

CONNECTED HEALTH SUMMIT:

Independent Living & Wellness

August 27-29, 2019

San Diego, CA

CONNECTIONS™ Europe:

Strategies For the Smart Home and

Consumer IoT

November 2019

Amsterdam, The Netherlands

Future of Video: OTT, Pay TV,

and Digital Media

December 2019

Marina del Rey, CA

CONNECTIONS™ Summit at CES:

Consumer IoT and Smart Home

January 2020

Las Vegas, NV

Smart Energy Summit:

Engaging the Consumer

February 18-20, 2019

Austin, TX

CONNECTIONS™: The Premier

Connected Home Conference

May 21-23, 2019

San Francisco, CA

Join Parks Associates at Upcoming Events