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.
How IoT is changing the nature of insurance
An offering that integrates…Read More