Has IoT 'come-of-age' in Insurance

Gartner predicts the world will have 5 times more (around 25 billion) IoT enabled devices by 2020 and a typical family of four could own as many as 100 connected devices at home. Does this mean an Opportunity or Threat for Insurance carriers? Insurance industry has long been risk averse to the fancy new devices and technology trends. However it looks like this one cannot be ignored and needs active engagement. Maybe its time to engage now and start trying these out for specific use cases and measure their impact in a small way - by collecting data and risk modelling.