As a follow up to my article on 12 Strategic & Tactical Questions to Prepare for Insurance in the Future I think it would be good to discuss the questions one at a time to look a little more deeply at the impact on your insurance business. We mentioned that by 2020 there will 50 billion devices connected to the Internet worldwide, also known as the Internet of Things (IoT).
Our recent Life Insurance industry, IoT and new Evidentiary Sources webinar with Strategy Meets Action opened the discussion into viewing changes in the industry that are beyond the current horizon.
I’ve been interested in how “wearables” could change the way underwriters look at individuals who apply for insurance. From my perspective you could look at two examples where this could make profound changes to the insurance industry.
One is from the perspective
