At the beginning of the year, everyone is looking at the crucial elements of change that will affect their business in the next twelve months. And when it comes to IoT that change is set to happen very rapidly. In fact, by 2020 it’s predicted that most homes in the UK will have smart thermostat. And by 2020, 411 million smart wearable devices will be sold, worth a staggering $34 billion (CSS Insights). But how will this impact insurance? And how can you prepare?