Insurers are in danger of being “Uber-ised” as technology allows companies from Google to Walmart to undermine the sector’s role of managing risk, the chief executive of Lloyd’s of London is to warn.
Inga Beale will tell the inaugural Financial Times Future of Insurance Conference on Tuesday that so-called big data analysis threatens to disrupt the industry, just as the taxi trade has been shaken by Uber, the ride-hailing mobile app.
via www.ft.com
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