It used to be common to say that “technology is marching forward, improving business and society.” But today, it would be more accurate to say that technology is sprinting forward — with progress at breakneck speed and breakthroughs happening in multiple fields on a regular basis.
There are so many technologies — some new, some just emerging — that it's virtually impossible to track the progress of all of them, let alone explore all their implications. This may put insurers in an uncomfortable position.
|Real-time data
Insurance is an industry based on historical data and long-term predictions. However, technologies are now inundating the world with real-time data and a change-pace so accelerated that it is difficult to make predictions.
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