Digital Transformation in South Africa’s Short-Term Insurance Sector: Traditional Insurers’ Responses to the Internet of Things (IoT) and Insurtech

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dc.citation.doihttps://doi.org/10.23962/10539/28657
dc.citation.epage16
dc.citation.issue24
dc.citation.spage1
dc.contributor.authorMoodley, Andrew
dc.date.accessioned2019-12-06T07:37:38Z
dc.date.available2019-12-06T07:37:38Z
dc.date.issued2019-12-06
dc.description.abstractThis article explores the impact of the internet of things (IoT) and insurtech on South Africa’s short-term insurance industry. The research found, based on interviews with high-level players in or connected to the South African industry, that while IoT and insurtech are significant potential drivers, the country’s incumbent insurers have to date been slow to adopt these digital transformation elements in their business models. This article outlines the drivers of IoT and insurtech, the factors influencing the slow adoption of these elements by traditional South African insurers, and recommendations for the adoption of these elements by South African insurers.
dc.description.librarianCA2019en_ZA
dc.identifier.citationMoodley, A. (2019). Digital transformation in South Africa’s short-term insurance sector: Traditional insurers’ responses to the internet of things (IoT) and insurtech. The African Journal of Information and Communication (AJIC), 24, 1-16. https://doi.org/10.23962/10539/28657
dc.identifier.issn2077-7213 (online version)
dc.identifier.issn2077-7205 (print version)
dc.identifier.urihttps://hdl.handle.net/10539/28657
dc.journal.linkhttp://www.wits.ac.za/linkcentre/ajic
dc.journal.titleThe African Journal of Information and Communication (AJIC)
dc.languageEnglish
dc.orcid.idhttps://orcid.org/0000-0001-6390-4806
dc.titleDigital Transformation in South Africa’s Short-Term Insurance Sector: Traditional Insurers’ Responses to the Internet of Things (IoT) and Insurtechen_ZA
dcterms.publisherLINK Centre, University of the Witwatersrand (Wits), Johannesburg
ddi.keywordinsurance, insurtech, internet of things (IoT), business models, digital transformation, South Africa
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AJIC Issue 24, 2019