Connected Devices & Insurance: Wire Your Life, Get a Discount

October 4, 2018

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MONTHLY ANALYSIS

50 billion devices will be connected to the Internet by 2020

It is estimated that up to 50 billion devices will be connected to the Internet by 2020. This equates to approximately six devices for every person in the world. Of course, connectivity comes with a cost. Leading companies are budgeting more than $100 million annually developing IoT systems today. Companies as diverse as GE, IBM, Cisco, Samsung, and Monsanto are currently investing billions into their IoT and analytics initiatives. – Ron Schaber, Second Vice President, Munich American Reassurance Company, in

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