Panasonic and Allianz Assist

Revenue

$75.2 billon (2019)

Employees

273,858 (2019)

Founded

1918



Overview:
Panasonic Corporation is a large Japanese multinational electronics group with headquarters in Kadoma, Osaka. It was founded in 1918 by Kōnosuke Matsushita as a manufacturer of light bulb sockets. The company offers consumer electronics, of which it was the world's largest manufacturer at the end of the 20th century. Panasonic provides a wide range of products and services, including rechargeable batteries, automotive and avionics systems, and home renovation and construction.

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Industries:
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Information Technology
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Financial Services
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Services
Business Model Patterns:

Sensor As A Service

How they do it: The manufacturer Panasonic cooperates with the insurance company Allianz to provide a smart home and insurance solution that primarily focuses on security in one’s home.The solution consists of smart home products and sensors which gather data to prevent accidents and calculate the insurance premium.

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