Cookies on the PFS website

By using and browsing the PFS website, you consent to cookies being used in accordance with our policy. If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. Find out more »

Personal Finance Society
Recently added to my basket
Sorry but there was an error adding this to your basket. Please try adding it again

Changing the game through data analysis

Telematics and the internet of things

In this Insurance Institute of London (IIL) accident lecture Linden Holliday discussed in detail the relationship between macro trends, insurance telematics, the wider use of data and technology and IoT. Additionally, he examined the current application of telematics, as well as the future use of technology in risk management.

Linden explained that insurance has entered digitalisation late and, given that digitalisation was key in disrupting and transforming several industries, a risk exists that the same will happen with insurance. The lecture also discussed trends that will affect this journey and summarised the current use of data and technology in insurance with the intention of providing an honest account and forecast. Briefly, Lindsen also looked at the wider application of IoT discussed in the context of connected homes, e-health and ultimately, insurance and risk management.

By the end of this lecture members would have gained an insight into:

  • Telematics in practice: how is telematics changing motor insurance
  • Analysing big data: the challenges and rewards
  • Property, e-health and life from risk transfer to risk mitigation

 View the accompanying lecture slides »

 Download CPD certificate »

Play video »

Duration: 46 minutes


Please sign in to comment on this article