Optimizing the Internet of Things Key Strategies for Commercial Insurers
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Footnotes<br />
1 Tesla’s <strong>of</strong>ficial statement. https://www.tesla.com/blog/tragic-loss.<br />
2 During <strong>the</strong> Iraq War in 2002, erstwhile U.S. Secretary <strong>of</strong> Defense Donald Rumsfeld<br />
coined <strong>the</strong> phrases — Known Unknowns and Unknown Unknowns — to describe<br />
difficult and unclear situations that we know, and even worse, know <strong>the</strong> ones we<br />
are unaware <strong>of</strong>.<br />
3 IoT: The Fourth Industrial Revolution. https://www.we<strong>for</strong>um.org/agenda/2016/01/<br />
<strong>the</strong>-fourth-industrial-revolution-what-it-means-and-how-to-respond/.<br />
4 Power From <strong>the</strong> Air. https://www.technologyreview.<br />
com/s/600773/10-breakthrough-technologies-2016-power-from-<strong>the</strong>-air/.<br />
5 IDC Press Release. https://www.idc.com/getdoc.jsp?containerId=prUS40782915.<br />
6 “Power-by-<strong>the</strong>-hour”: The Role <strong>of</strong> Technology in Re-shaping<br />
Business Strategy at Rolls-Royce. http://irep.ntu.ac.uk/926/1/214516_<br />
Re-shaping%2520Business%2520Strategy_v1.6c.pdf.<br />
7 GE’s digital electricity value chain. http://www.ge.com/digital/industries/<br />
power-utility/electricity-value-chain.<br />
8 John Deere is plowing IoT into its farm equipment, May 17, 2016. http://www.<br />
networkworld.com/article/3071340/internet-<strong>of</strong>-things/john-deere-is-plowing-iotinto-its-farm-equipment.html.<br />
9 “Munich Re Sponsors Plug and Play Accelerator <strong>for</strong> <strong>the</strong> <strong>Internet</strong> <strong>of</strong> <strong>Things</strong>,” May,<br />
2015. https://www.munichre.com/en/media-relations/publications/companynews/2015/2015-05-20-company-news/index.html.<br />
10 “SenseAware.” http://www.senseaware.com/.<br />
11 “Drones take flight to assess damage in Australian insurer first,” January, 2016.<br />
http://www.iag.com.au/drones-take-flight-assess-damage-australian-insurer-first.<br />
12 “Zurich Predictive Analytics.” https://www.zurichna.com/en/about/our-brand/<br />
zurich-predictive-analytics.<br />
13 “Consumers Aren’t Buying <strong>the</strong> Smart Home, But <strong>Insurers</strong> Are,” Fortune.com,<br />
December, 2015. http://<strong>for</strong>tune.com/2015/12/09/smart-home-insurance/.<br />
14 “Liberty Mutual <strong>of</strong>fers discounts to homeowners who share smoke<br />
alarm data.” http://www.propertycasualty360.com/2015/07/01/<br />
liberty-mutual-<strong>of</strong>fers-discount-to-homeowners-who-s.<br />
Note: All company names, trade names, trademarks, trade dress, designs/logos,<br />
copyrights, images and products referenced in this white paper are <strong>the</strong> property <strong>of</strong><br />
<strong>the</strong>ir respective owners. No company referenced in this white paper sponsored this<br />
white paper or <strong>the</strong> contents <strong>the</strong>re<strong>of</strong>.<br />
LEVERAGING THE INTERNET OF THINGS: KEY STRATEGIES FOR COMMERCIAL INSURERS 15
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