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Making sense of data to understand and reduce risk

Companies, consumers and insurers should work together to optimise the opportunities brought about by an Internet of Things-enabled ecosystem.

The use of smart sensors to monitor data not only means that consumers can regulate their own behaviour for the better, but it also allows us to track patterns including high-risk car accident hot spots.

GLOBALLY, around 5.5 million new devices connect to the Internet every day. Every second, more than 205,000 new gigabytes of data are created, which is the equivalent of 150 million books.

The sheer amount of information generated each day is creating a new technological revolution....

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