Tech opens markets as it drives insurer challenges
New technology often introduces novel risks. And these
exposures, such as the threat of identity theft by internet hackers
or car accidents resulting from texting while driving, can present
opportunities for insurers.
But while technological innovation can produce new risks almost
overnight, it typically takes time to gather sufficient data to
evaluate the hazard and properly price policies, according to Alice
Underwood, executive vice president and head of analytics at Willis
Re.
Speaking on a
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