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Creating The Market For Intermediating Digital Risk
by Job Maats
Consolidation, globalisation, new technology, and decreasing profits are reforming the insurance industry. To succeed in this new environment, (re)insurers have to pursue innovative ways to increase the bottom line. Advances in information technology are radically changing the way many businesses operate, giving them the ability to provide better quality products at a lower cost. A new age of risk is emerging that coincides with the explosion of reliance on computer-based technology. Digital risk can be defined as the risk that a digital machine (that is, a computer system) does not produce the scheduled accurate result within design specifications. Some elements relating to digital risk are unfamiliar to the insurance industry and, hence, are creating a challenge for that industry to produce insurance products that match the risks.
The full paper has been published in Adobe Acrobat format. If you already have Adobe Acrobat installed, click here to view the paper. (65Kb)
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