Hi, you might be right when you talk about the big IoT leaders, but I am not sure they will be able to takeover in the short-medium term. In particular, I am not convinced this is their real interest.

The marginal profit they’d get is indeed lower than many other industries/sectors they could choose to focus on. The opportunity cost is high (and is getting higher everyday) and the insurance business has a risk-return structure that does not compensate those players to incentivize them to get into the game.

This is why Deepmind has chosen, for example, to focus on healthcare applications rather than insurtech/fintech ones…