EMERGING RISK AND THE FUTURE INSURANCE
Affiliation
| DOI | https://doi.org/10.67313/stanzaleafbookchapter.2026.12 Registered |
| Published In | INSURING EMERGING RISKS ADDRESSING PANDEMICS CYBER ATTACKS AND POLITICAL ISSUES |
| Book Editors | Ramya A J. Deepak Kumar K.M. Anitha R. Srikala J. Chandhini |
| ISBN | 978-81-687720-2-1 |
| Pages | 78-81 |
| Publication Date | 17 July 2026 |
| Publisher | Stanzaleaf Publication |
Abstract
Emerging risks are new or evolving threats that can significantly affect individuals, businesses,
and society. These risks include cyberattacks, climate change, pandemics, artificial intelligence
(AI), natural disasters, and technological failures. Traditional insurance policies may not fully
cover these modern risks, making it essential for the insurance industry to adapt. The future of
insurance depends on innovation, digital technology, and data-driven decision-making. Insurance
companies are increasingly using AI, big data, the Internet of Things (IoT), and predictive analytics
to assess risks more accurately, detect fraud, and provide personalized insurance products. Digital
platforms also improve customer experience by enabling faster claims processing and online policy
management. As emerging risks continue to grow, insurers must develop flexible products,
strengthen risk management strategies, and collaborate with governments and businesses to build
resilience. The future insurance industry will focus not only on compensating losses but also on
preventing risks through advanced technology and proactive solutions.