Key drivers of the new, heightened risk environment
TECHNOLOGICAL
Science is an evidence-based exploration of the world in which we live, and with more satellites in the atmosphere than ever before, and increasingly sophisticated algorithms being developed, there are now huge amounts of data with which to map and model climate-related risk. Technological advances and data-driven insight can have both positive and negative consequences for businesses – playing into the hands of potential litigants but also providing new bases for defence and potentially handing an advantage to those with access to the best data. It also allows insurers to develop more sophisticated and targeted risk-transfer products.
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