IOT

Connected insurance is the biggest potential for transformation that insurance has witnessed since the invention of the computer.

Smart devices often represent the most vulnerable point on any given network, exposing customers and insurers alike to potential risks.

The next iteration of the business of insurance may cause even more fundamental upheaval in the C-suite than already endured.

IoT devices, and the sensors and algorithms they contain, hold the promise of enhancing our eyes and ears to perceive all things at all times.

Insurance IoT will dissolve traditional industry boundaries and replace them with a set of distinctive and massive ecosystems.

With an insurtech revolution already starting, how long will it be before the likes of Amazon and Google enter the home market in a serious way?

Insurers can connect with customers on a continual basis, providing valuable feedback – and prices – based on activity levels.

The IoT can facilitate and improve claims management, adding even greater value than through its ability to reduce risks.