XR refers collectively to virtual reality, augmented reality and mixed reality technology, all of which can be immensely helpful to insurance businesses. (Shutterstock) XR refers collectively to virtual reality, augmented reality and mixed reality technology, all of which can be immensely helpful to insurance businesses. (Shutterstock)

It’s clear that technology has helped businesses and people around the world adapt to life during the COVID-19 pandemic — with “remote” ways of working, connecting and general living affecting most everybody. Not only is technology enabling businesses and people to maintain and adapt in order to get through challenging times, but, equally so, there’s a shift forward with the use of technology for innovative transformation to improve how things get done — call it an acceleration to the future.

In the insurance industry, one of those innovative transformations, albeit in the early stages, is the growing use of immersive technologies like virtual reality (VR) and augmented reality (AR), in risk control.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

Complex Claims & Litigation Forum 2023Event

Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases.

Get More Information
 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.