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Share this article PORTLAND, Ore., May 5, 2021 /PRNewswire/  Allied Market Research published a report, titled,  IoT Insurance Market By Component (Solution and Service), Insurance Type (Life & Health Insurance, Property and Casualty (P&C) Insurance, and Others) and Application (Automotive, Transportation & Logistics, Life & Health, Commercial & Residential Buildings, Business & Enterprise, Agriculture and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global IoT insurance industry was estimated at $8.63 billion in 2019, and is expected to hit $304.31 billion by 2027, registering a CAGR of 57.1% from 2019 to 2027. Drivers, restraints, and opportunities- Rise in adoption of IoT in developed and developing economies, increase in demand for cloud platform and other value-added services in the insurance industry, and surge in investment in IoT by insurance companies drive the growth of the global IoT insurance market. On th

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