Have you heard of the Internet of Things (IoT)? If you have not, odds are that your reflex would be to take out your phone and look it up.  We are all "connected."

IoT is a short phrase referring to the way our world is becoming connected by computers and how that data which is being collected is used for improving systems. The IoT is already creating exciting opportunities, which will only get more interesting, along with posing challenging questions for the property & casualty insurance market. For as long as the insurance industry has existed, it judged forward risk and established policy premiums based on historical information and actuarial tables.

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