The Internet of Things (IoT) has been seen as a promising concept and potential game changer for almost two decades. The technical requirements and enablers are now finally in place and are starting to significantly change today’s business models in insurance. This paper, Insurers need to plug into the Internet of Things—or risk falling behind, analyzes the disruptions IoT is causing for insurers, how they can counteract the potential threats to existing revenues, and what it will take to benefit from the opportunities at hand.
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