The 4th industrial revolution is bringing great promise to solve many business problems, enabling tasks to be accomplished faster, more efficiently and more economically.
But its interconnectedness creates significant risks for businesses and critical infrastructure which have the potential to undermine governments, commerce and society.
A new risk landscape is emerging, in which intangible and interconnected risks present a critical challenge for the insurance industry. We need to create more dynamic insurer-broker-insured relationships and look at risk mitigation differently if we are to remain relevant to our clients and their fast-changing needs.
Read David Legassick’s full article here
This article first appeared in Insurance Day on 9 December 2019.