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How Immersive Technology Can Revolutionize Risk Control in Insurance

Property Casualty 360 – by Steve Lipinski

It’s clear that technology has helped businesses and people around the world adapt to life during the COVID-19 pandemic — with “remote” ways of working, connecting and general living affecting most everybody. Not only is technology enabling businesses and people to maintain and adapt in order to get through challenging times, but, equally so, there’s a shift forward with the use of technology for innovative transformation to improve how things get done — call it an acceleration to the future.

In the insurance industry, one of those innovative transformations, albeit in the early stages, is the growing use of immersive technologies like virtual reality (VR) and augmented reality (AR), in risk control.

Insurers are recognizing opportunities and starting to apply immersive technology to both expand and enhance risk control services in four major areas.

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