Development of IoT products has increased three-fold in the past 12 months, according to our recent Distribution & Agency Management Survey; a really impressive acceleration! Furthermore, 44 percent of the insurers we canvassed around the world believe connected devices will drive revenue growth in the next three years. Many carriers are already committed to the IoT. More than 60 percent of the 414 insurance executives we contacted have already launched or piloted solutions that incorporate connected devices. This is a huge increase on last year. A similar Accenture survey, conducted in 2014, found that 78 percent of insurance providers then had no plans to launch IoT solutions.

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