Insurance attention needs to adopt new technologies, business models: Lloyd’s

Vincent Vandendael, arch blurb officer during Lloyd’s of London, pronounced that a word attention needs to welcome new technologies and business models or face a risk of shifting into irrelevance, Zawya reported citing Reuters. Mr. Vandendael pronounced that digital technologies offer improved information that assistance insurers cost risks some-more accurately and urge risk mitigation. Eric Andersen, arch executive of U.K.-based reinsurance attorney Aon Benfield Group Ltd., pronounced that choice collateral players are subsidy brokers and insurers to use smarter information to write some-more of their possess policies, with potentially reduction business being upheld behind to reinsurers.

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