Emerging risks: World of cyber
How digitalisation could threaten the insurance industry
Duration: 60 minutes
Higher, faster, stronger: technological advancement cannot be stopped. An increasing number of hardware, software and transmission networks regulate and control our society, as well as the majority of business processes. Modern programming supports these processes − but at what cost?
If software (AI) is left to its own devices, unpredictable things can happen to the insurance and the insured risks − and to our assets. Humans are the weak links in this chain, because we are overwhelmed. Veiled attack scenarios may cause problems for the insurance industry. Quantum computers will be a fundamental game changer for the world. Ubiquitous digitalisation is both a blessing and a cause for concern.
- 5G infrastructure
- Quantum computers
- Artificial intelligence
- Politically-motivated acts