Disruptive technologies are taking industries by storm, and the insurance field isn’t spared either. Emerging “insurtech” startups are pushing from one side while tech giants like Amazon are pushing from the other. This leaves established insurance companies with no option but to adapt to the transforming industry landscape.
We live in an increasingly connected world. For insurers, this Internet of Things-enabled era creates a wealth of new opportunities. This article gives you the whats and the hows of IoT and insurance risk management.