Insurers are left behind in the insurtech digital innovation race: distribution and affilate partners are ahead of game

The critical factor is the recent mass-proliferation of sensors in the real world, capturing data on millions of connected objects, from toothbrushes to oil tankers. The Internet of Things (IoT) has arrived, and insurers are taking notice. The possibilities of the IoT for insurance are boundless, from turbocharging underwriting models and using sensor data for preventative messaging to usage-based products and dynamic pricing.

Alexander Cherry

Alexander Cherry, Head of Research & Content at Insurance Nexus.