Insurance Business: The Internet of Things

Just a few years ago, people used the Internet to connect with other people. Now, the things we own make that connection – in many cases, without our involvement.

“It’s gone from computers to cell phones and well beyond that,” says Tim Francis, cyber insurance lead at Travelers. “In the old days, you had a fridge and freezer, and it kept stuff cold. Now, your fridge knows what’s inside of it, and when you are low on eggs, it can tell you and order the eggs for you.”