The Internet of Things (IOT), or more accurately data from IOT, has been generating excitement in insurance for some time. 

Just imagine the new innovative products we could write when we know everything there is to know about the thing being insured, in near real time.

Unfortunately it turns out that the IoT isn't particularly secure.  Instead of letting your insurer know the milk is about to go off, your fridge may be too busy competing with your TV to hack your bank account.

So just like anything else, old tests apply to new opportunities; Do I trust what I'm being told? Why might this go wrong? Can I cope if it does?