These days, the Internet of Things (IoT) has touched almost everything in modern society and insurance rates are no exception. Fortunately, data analytics captured through connected IoT solutions are a benefit to both insurance companies and clients. The ability to harness the power of a wireless connection into almost any physical object has no doubt transformed the landscape of the insurance industry in recent years and will continue to do so in the years that follow. For example, in 2016, 80 million smart-home devices were delivered globally. With a projected growth rate of 60%, that means over 600 million of these appliances could be in use by the year 2021.