In two decades, technology and connectivity have dramatically reshaped industries and the lives of billions of people. The revolution has not stopped. In the years to come, Machine Learning, Internet of Things and other ground-breaking technologies will totally disrupt many traditional industries.
Fundamentally, Insurance is about pricing and selection of risk. The Tech Revolution we are seeing will dramatically change the type of information that insurers use to assess risk in the near future.
Like no other generation, Millennials are reinventing the way they manage their lives, creating a new whole paradigm for many industries. From home tech to smart health devices, lifestyle has become a top concern and a whole new market has been born out of it.