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 fifteen years, the basic insurance modus operandi has remained the same.
However, as the industry enters this new phase, emerging IoT-based insurance propositions threaten to undermine today’s long established insurance offerings particularly in some of the largest mainstream sectors

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Internet of Things