Adoption of IoT in insurance sector of Bangladesh

Authors

  • Dr. Maryam Saeed University of Management & Technology, Lahore Author
  • Dr. Noman Arshed Sunway University, Malaysia Author

DOI:

https://doi.org/10.63740/j6wtxy53

Keywords:

InsurTech, Insurance Industry, Digital Technologies, Bangladesh

Abstract

Background: The idea of insurance was discovered several millennia before Christ (BC). In the second and third millennia BC, traders from China and Babylonia practiced shifting or dispersing risks. Today, insurance is the foundation of the economy, but expanding its penetration is difficult in emerging nations. The fourth insurance industry revolution in the developed world was sparked by the recent advent of IoT, Big Data, and InsurTech.

Objective: To boost insurance coverage in Bangladesh, this study examines the problems with and potential solutions to IoT.

Research Methodology: To identify the themes and factors pertaining to problems and solutions in implementing IoT in Bangladesh’s insurance business, this study used a systematic literature review. To find pertinent material from Google Scholar, several keywords were employed. The filtered studies were examined based on inclusion and exclusion standards.

Findings:  This report outlined many obstacles to IoT adoption in the Bangladesh’s insurance sector as well as potential remedies. The proposals could help policymakers improve the insurance industry service delivery.

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Published

31-12-2025

Issue

Vol. 2 No. 1 (2025): Volume 2, Issue 1 – December 2025

Section

Research Articles

License

Copyright (c) 2026 Dr. Maryam Saeed, Dr. Noman Arshed (Author)

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