In today’s rapidly advancing world, predicting the future has become increasingly difficult, yet it is precisely what insurance aims to achieve. The ever-increasing speed of technological advancements has transformed the way we live, work, and interact with one another. For instance, the mobile internet has revolutionized the way we communicate and stay connected with our loved ones, making it an indispensable part of our lives.
However, with such technological progress comes a new set of challenges, particularly around the environmental impact of these advancements. Market research indicates that by 2025, the communications industry alone could use up to 20% of the world’s electricity and contribute up to 5.5% of the world’s carbon emissions, primarily due to the storage and transmission of data from billions of devices.
In this context, insurance has evolved from solely focusing on predicting and mitigating risk to encompass protection and prevention. We all have a role to play in the process, from estimating and reacting to unexpected events to safeguarding individuals, belongings, and assets.
Download the paper and discover how technology and insurance can work together to address these challenges and create a better future.