Insight
Title:
Extra-industry firms may have access to better data for assessing risk
Description:
Insurers have long had a monopoly on the data required to assess risk. However, with the advent of telematics and wearable computing, other types of business now have acess to different, and possibly better sources of data, and could use that to introduce new and better products and services.
PESTEL:
Technological
Five Forces:
Threat of new entrants