The Internet of Things will disrupt and impact many industries, from automotive to healthcare to energy and beyond. One industry that is already being redefined by IoT, but we don’t usually think of as such, is the insurance industry.
How will insurance providers change their offerings when we all own self-driving cars? How will the massive amounts of data from a manufacturing floor influence workers comp and industrial risk? If everyone one day uses wearable, health monitoring devices, how will insurers determine rates and provide health insurance to their customers? What about home insurance for a connected home?
At the Insurance IoT USA Summit event in Chicago, panelists and keynotes set out to answer these questions and more. Read on for the main takeaways and insights from the event.