Smart warehousing: the changing face of distribution
In this IIL property lecture Iain Wilcox discussed the impact that the Internet of Things (IoT) is having on commercial property and warehousing. The opportunities that provides for insurers and brokers alike to develop new products and services, to use and exploit the wide range of data available in buildings to predicts and proactively manage risk in real time for the benefit of all stakeholders. This is driven from experienced gained by Built Asset Sector, learning from the lessons driving sustainability and energy efficiency.
This lecture initially discussed the requirements, challenges and drivers behind the use of real time property data, both technically and commercially. How these challenges have been overcome, using practical examples, illustrating use cases derived from client projects.
The second part of the lecture looked at how this can support and help develop the insurance and risk management proposition for brokers and their insurance partners. What are the commercial models that are being developed and how is this impacting distribution?
Finally, Iain looked at what this means for the client, where are the benefits and how long does it take to deliver on the potential.
By the end of this lecture members would have gained an insight into:
- The value of real time data in commercial property and warehousing
- How IoT works in commercial property - practical examples
- The potential impact on the insurance industry
Chair:
Simon Warren ACII, Senior Property Underwriter, AIG.
Registration & Security
CPD events are open to CII and PFS members
Registration closes at 12pm two working days before the event date
For events held in The Old Library, Lloyd's pass holders may also attend and do not need to register
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Contact:
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CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
3/4 hours' CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.