The Exceptional Women Alliance (EWA) focuses on empowering women through mentorship to achieve professional and personal happiness. In a recent interview, board director Susan Holliday discussed her experiences in the insurance industry, emphasizing the evolution of new risks and opportunities, particularly in the realms of AI and blockchain. Holliday noted the industry's response to major global changes, highlighting the need for insurance companies to adapt and implement new risk management standards, moving beyond reactive claims to proactive prevention and monitoring, especially in areas like cyberinsurance.
New risks bring new opportunities in insuring the risks for people, companies, and governments.
In order to get insurance, companies will have to show they are meeting certain risk management standards.
The two new opportunities I'm most excited about are AI along with crypto and blockchain.
The insurance sector can make use of these new technologies in different ways to be more efficient and to help their clients manage risk.
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