Timetrics 2016 survey of insurance professionals explores the use of technology in the industry. The file Technologies

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Timetric’s 2016 survey of insurance professionals explores the use of technology in the industry. The file Technologies contains the responses to the question that asked what technologies these professionals expected to be most used by the insurance industry in the coming year. Those responses are:

Technology                                          Frequency
Wearable technology...........................................9
Blockchain technology.........................................9
Artificial Intelligence...........................................17
IoT: retail insurance............................................23
IoT: commercial insurance..................................5
Social media........................................................27

a. Compute the percentage of responses for each technology.

b. What conclusions can you reach concerning expected technology usage in the insurance industry in the coming year?

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Related Book For  answer-question

Basic Business Statistics Concepts And Applications

ISBN: 9780134684840

14th Edition

Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan

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