A digital rendering of a person wearing a VR headset that says "Metaverse" The metaverse is an evolving concept. Companies diving into this new environment will need to be flexible and agile—they will need to adapt their privacy and cybersecurity programs over time to stay in step with relevant technological and legal changes. (Credit: wacomka/Adobe Stock)

As the metaverse soars in popularity, researchers estimate that this new virtual environment could generate global revenues of $13 trillion by 2030. The metaverse promises to augment and digitally disrupt a broad range of sectors, including retail, gaming, media and entertainment, banking and financial services, real estate, and insurance.

Companies are taking note of the massive potential of the metaverse and, according to one study, investment in the metaverse surpassed $120 billion in the first half of 2022 alone. It is clear that the metaverse will offer a plethora of opportunities for new business models, products and services. It is also clear that data is the fuel that will power these new opportunities. To succeed in the metaverse, businesses must consider how they will collect, use and manage data as they enter this uncharted virtual territory.

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


  • 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?


PC360 Evolving Risk Summit 2023Event

A Conference Designed to Help Insurers and Risk Managers Stay Two-Steps Ahead of Property & Casualty Evolving Risks.

Get More Information


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.