Is the Future of Insurance in the Internet of Things?

Celent report addresses the IoT and its impact on P&C Insurance in value chain, product design, pricing, underwriting, service and claims

By Hannah Bender | Updated on April 29, 2014

Technology is continually evolving, and as a result, the world is becoming more connected. The digital world is becoming bigger and bigger, allowing people, places and things to easily exchange digital information and data. The digital information, which is stored and analyzed, provides predictions, feedback, and a means of control for the various parties involved, and consequently, the Internet of Things is making (or should be making, at least) the world safer and healthier.

There is a downside to this.. The massive amount of connectivity could lead to a potential intrusion, and unwelcome constraints on individuals’ actions, speech, and even thoughts.

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