It's time for the insurance industry to recognize that being big and agile is essential in todays rapidly changing world of converging technology innovations including mobile, social media, sensors, cameras, cloud and emergent knowledge.

In-Rack sprinklers offer more protection at less cost, which should reduce insurance premiums too.

Safety, security and surveillance issues pose incredible risks to operators of this technology, according to a recent Lloyd's report.

Connected cars present a rich target, akin to retailers or banks, where hackers can troll for credit card numbers, home addresses, e-mail information and all the other personal details required for identity theft.