World Alzheimer’s Day marks a longstanding partnership between the SCOR Foundation and France's Alzheimer’s Disease Foundation to seek advances in the treatment, early diagnosis and prevention of this debilitating condition.
The agricultural industry is faced with a plethora of risks, and some of its major loss drivers are weather-driven natural catastrophes. SCOR’s latest technical newsletter takes a look at winterkill, caused when crops are damaged through exposure to cold in the winter.
Viral hepatitis is currently the world’s 7th deadliest human disease. To mark World Hepatitis Day on June 28, SCOR Global Life Medical Director Dr. Gabriela Buffet shares some key points about this widespread pathology.
Automated vehicles (AV) are keenly anticipated for the benefits they are expected to bring to society: greater safety, fewer traffic accident victims, improved access to mobility, and more efficient traffic flow resulting in reduced emissions.
In the video interview below, Thomas Sterner, Professor of Environmental Economics at the University of Gothenburg in Sweden, explores the risks associated with climate change and the uncertainty surrounding their quantification. He goes on to discuss the most efficient tools to mitigate those risks from the perspective of policymakers, corporates and the (re)insurance industry.
During his presentation at the SCOR Conference 2017, titled “Transhumanism: the future impact of advanced technologies on society and on the insurance industry”, Laurent Alexandre, CEO of DNA Vision, warned insurers of the new threats posed by the use of Artificial intelligence to manage risk, and by the rise of potential competitors from the IT industry.
According to Alexandre, the current rise of advanced technologies represents a new kind of challenge for the insurance industry. What he calls the ‘transhumanist movement’ “seeks to suppress risk and death”, notably through the use of Artificial intelligence (AI). In his view, the global objective of key players from China and Silicon Valley “is to create a world without risk. Though it is difficult to assess, a balance will be reached between the decrease of risk through means such as profiling, and the exponential growth of new risks linked to AI: new kinds of terrorism, genetic problems and errors, social dysfunction, etc.”
Alexandre said that, beyond new ways of considering and managing risks, these companies carry a specific threat to (re)insurers: “insurance used to be the industry of data. Today, IT companies are the real business of data. Insurance is becoming a marginal player in what used to be its core expertise.” The insurance industry must adapt very quickly to the new paradigm by embracing AI and using it at the core of its business. “If the big IT companies believe that insurers are unable to become data specialists”, he concluded, “they will attack. And they will win.”
Laurent ALEXANDRE, CEO of DNA Vision, talks about "Transhumanism : the future impact of advanced technologies on society and on the insurance industry"