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What could the future hold?
Rapid technological advances combined with economic and strategic challenges are prompting the ever-adapting (re)insurance industry to rapidly reshape itself. Many of Clyde & Co’s (re)insurer clients are looking with interest at the opportunities afforded
They are assessing how they can combine core industry strengths of data analysis and risk transfer with new opportunities facilitated by fourth industrial revolution technologies – including satellite and IoT data and blockchain-enabled smart contracts. Parametric products are being rapidly adopted at local, regional and national level as they provide an elegant solution for the risk-transfer concerns, often for populations that were previously uninsured and for whom the protection gap has traditionally been widest.
by parametric solutions in both developing and developed markets.
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