The global insurance market is expected to grow by around 4.9 % over the next five years due to increased adoption of IoT and the emergence of peer - to - peer and on - demand insurance models , research from financial services company Oracle found . http://www.technavio.com/request-a-sample?report=55012 Technavio sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. By adopting IoT functionality through vehicle telematics , connected home technologies and wearables , insurers can increase the value of their service . Additionally , the consumer 's experience of purchasing a policy can be improved with the use of web - driven robo - advisers or chatbots to resolve queries .
The global insurance market is expected to grow by around 4.9 % over the next five years due to increased adoption of IoT and the emergence of peer - to - peer and on - demand insurance models , research from financial services company Oracle found . By adopting IoT functionality through vehicle telematics , connected home technologies and wearables , insurers can increase the value of their service . Additionally , the consumer 's experience of purchasing a policy can be improved with the use of web - driven robo - advisers or chatbots to resolve queries .