In an era of dramatic change across the industry, data remains an absolute constant. Insurance is not a physical product, and data
is the key input that allows insurers to identify risks, analyze them and price the coverages needed, as well as performing all the background
tasks that deliver the service in the background such as processing of claims, and making payments to insureds. On top of the vital function that
data performs within the insurance industry, we now have to add in sustainability, a topic high on the agenda of executives across the industry.
Although insurers have been aware of the climate side of sustainability for many years – perhaps even decades – the topic in the round has really only
come to the forefront in the last few years. Although not alone in having to make its contribution to sustainability, the acquisition, analysis, storage and
security of data, all coming from an ever-expanding range of sources, has an especially important role to play, given its importance to the insurance industry.
The panel will therefore examine the use of data in the digital world and look at some potential uses of it as digital insurance develops set
against the backdrop of data playing its part in the overall drive for sustainability and the wider ESG world.