Daily Fintech Conversations

The Internet of (Insured) Things Part 1: Nascent But Potent

Originally published at: https://dailyfintech.com/2021/02/11/the-internet-of-insured-things-part-1-nascent-but-potent/

2020 brought about an inflection point in smart devices. The count of active IoT connections (e.g. connected cars, smart home devices, connected industrial equipment) overtook non-IoT connections (e.g. smartphones, laptops). From 21.7 billion active connected devices globally, estimates peg IoT-based at 54%. At current growth, 30+ billion IoT connections are expected as soon as 2025.…