Direct relationships may soon become the rule
EYs Kevin Koenig and Steve LaValle have a worrying take on how sensor data may affect broking in future.
Technology has never been more seamlessly integrated into daily life, from the GPS in our cars, to the thermostat sensors in the office to the apps on our phones that count the steps we take on our lunch breaks.
We're creating an unprecedented stream of real-time, accessible and objective data through the use of sensor technology.
Insurers are more reliant on self-reported data than any other industry, according to EY's recent sensor data survey, Disrupt or be disrupted, with 50% of insurers
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