This document discusses 5 digital trends impacting the insurance industry: 1. IBaaS (Insurance & Bank as a Service) which involves users taking control through sharing economies, the internet of things, social local mobile applications, and crowd funding. 2. The sharing economy allows people to monetize assets or skills through peer-to-peer sharing platforms. 3. The internet of things connects physical objects through sensors and software which generates data that can be analyzed. 4. Social local mobile applications integrate social media, location services, and mobile access to provide real-time access and engagement. 5. Crowd funding platforms allow individuals and organizations to raise money through small individual contributions often in exchange