Data is the new gold. With its value rising as a result of the insights harnessed, this has resulted in a corresponding increase in the demand for quality data. Today, technology such as satellites offer unparalleled opportunities in building a more sustainable future. In fact, 39 of the UN's 231 Sustainable Development Goal (SDG) indicators can benefit from satellite data. While this data can enhance the insurance industry’s efficiencies in risk modelling and data accuracy, how can they also act as an early warning signal for climate-related risks?
- What is the value of data for the re/insurance industry?
- How extensively is data being leveraged at present?
- How can data and technology be leveraged for planning and recovery efforts related to climate change?