Traditional insurance fails to keep pace
Technology is changing the way people do business, but traditional insurance policies having failed to keep up are leaving gaps in cover, says Graeme Newman
It’s amazing how much the world has changed in the last 20 years. Technology has revolutionised the way we live, work and play. Most of us regularly walk around with more data stored in our pocket than the entire British Library.
But in the same period, insurance has changed very little. Most businesses still buy the same types of insurance as they did 20 years ago. Yet technology has totally transformed the world of property, business interruption, crime and general liability insurance. Our
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