IoT in insurance industry: Disruption ahead

Charles Juniper - August 10, 2017 - Internet of Things Institute
URL 4 Min

Ovum believes that the global insurance industry is entering a distinct phase of disruptive change driven by the Internet of Things (IoT).

While the insurance industry has undergone significant technology-driven change in the last 15 years, the basic insurance modus operandi has remained intact. However, as the industry enters this new phase, emerging propositions from IoT in insurance threaten to undermine today’s long-established insurance offerings particularly in some of the largest mainstream sectors.

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