Insurance 2.0 is the evolution of the traditional insuranceindustry responding to the technological advancements of the Internet of Things (IoT), which are connectingour lives and reducing risk.

The IoT is already playing a significant role in managing riskand reducing and predicting claims — defining insurance 2.0.Connected homes can now use sensors to warn owners of the risk ofpotential fires or flooding. Driverless cars, which might not beable to eliminate car accidents by themselves, will change thebalance of risk management and mitigation.

Doctors can now access data from wearable devices, preventing a serious problemby monitoring patients' activity in real-time and notifying them toadjust their behavior before it has an adverse effect.

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