The insurance sector is often highlighted as one of the industries likeliest to see significant disruption from the IoT. But growth and take-up has been patchy. The number of telematics-linked auto insurance policies issued globally will grow at a solid 36% CAGR over 2015–20, while IoT-linked home insurance is showing only very modest growth so far.
Charles Juniper is a principal analyst in Ovum’s Global Financial Services Technology team. He specializes in the impact of new technology on the global insurance industry.
Have a read of his article around how the IoT disruption is impacting the insurance sector.
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