Digitisation has changed our world considerably: we have moved from predominantly tangible industrial products to more intangible assets. This has consequences for insurance as customers are also demanding solutions for these intangible risks. Today, large parts of economic value are created through digitisation.
Insurance Business spoke with Stefan Feldmann (pictured), managing director at HDI Global, to learn more about digitisation and its facets.
“Estimates show that today more than 80% of global corporate assets are intangible, such as internet platforms, data and intellectual property,” explained Feldmann. “In 1975, it was less than 20%. Some of the most valuable and successful companies are technology companies such as Apple, Alphabet, Microsoft and Amazon.”
With changes in the nature of assets also come changes in the nature of risk. While flood and fire remain a risk, cyberattacks and data loss also become pressing concerns for individuals. So, how has the insurance industry reacted to…
