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Partnerships in the IOT InsurTech marketplace

Tarun Bansal's article discusses the insurance industry trying hard to navigate what he believe's to be a sinking ship with traditional business models revolved around product provisioning and one-time sales.

The IoT has presented an opportunity for cross-sale/up-sale, thus identifying new sources of revenue generation. Additionally, it lets them increase their profitability by eliminating fraudulent claims.

 

 

 

 

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