This article was originally published in the Spring 2017 edition of INSIGHTS: A Professional Journal by the CPCU Society and is shared with permission from The Institutes CPCU Society. The Society For Chartered Property Casualty Underwriters. All rights reserved. www.CPCUSociety.org
A discussion group on technology was held at the Global Insurance Forum at the InterContinental Hotel Berlin, Germany on July 9th & July 10th, 2018.
Peter Banthorpe, Managing Director, UK, RGA
Patrick Schmid, Vice President, RiskBlock Alliance, The Institutes
Suzy Scanlon, SVP, Global Information Technology, RGA
Mercedeh Firoozbakht, Reinsurance Underwriter, Amin Reinsurance Company
Emerging technologies present fascinating opportunities, but as with all new developments, they also create challenges. Throughout human history, we have always been able to learn & adapt & these new technologies afford us the chance to do so once more.
Balvinder Singh Sohi, Senior Risk Consultant, Allianz Global Corporate & Specialty
Use of drones or unmanned aircraft systems (UAS) is increasing as the technology keeps evolving. A drone at the present time cannot replace a Property Risk Consultant in undertaking pre-loss property insurance surveys; however, there are some areas where they can provide some assistance. The following potential uses of drones within property risk consulting have been identified in this paper:
Kevin Angelini, Head of Strategy and M&A, APAC, Zurich Insurance Company
Robert Haibi, VP National Marketing Manager, AIG
Alistair Lester, Global Head of Facultative, Faber Global