‘New realities’ tech presents ins. Opportunities
Friday, 11 02 2018, Category: Technology, Country: World
Augmented, virtual and mixed reality technologies are being increasingly used by businesses and will entail a variety of emerging risks that re/insurers can cover, while also allowing them to improve their own products and services, according to a new report by Lloyd’s.
Recent estimates suggest that at least 20% of large businesses will have adopted ‘new realities’ technologies by 2019, and future market size predictions range from $108 billion by 2020 to $1.3 trillion by 2035, Lloyd’s noted.