A 5G quantum world will change the insurance sector

THE 5G race around the world is a closely watched one as it ushers us into an era of hyperconnectivity like no other.

Looking back at how the 4G network rollout has catalysed the digital evolution of the modern world nearly a decade ago - giving rise to the Internet of Things (IOT) linking people, machines and devices together to a collective digital consciousness - it is exhilarating to imagine what will unfold with the introduction of 5G networks, the next generation of mobile Internet connectivity.

Compared to the current 4G, 5G promises far greater bandwidth and capacity, and requires less power to transmit a massive volume of data. At its peak download speed, 5G could be 1,000 times faster than 4G at 100 gigabits per second.