Avanade insurance expert Steve Magennis highlights his observations of 2016 Insurance Analytics conference in New Orleans.
The traditional insurance agency model is changing to a direct-to-consumer digital model that gives customers the ability to make their own choices.
IoT applied to the insurance industry is starting to carve out three natural use cases: automotive telematics, home/equipment monitoring and health maintenance.
It is a safe bet that insurance will once again step up and play a critical role in unlocking the potential of a massively connected world.
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