Viewpoint: Technology can help to insure the uninsurable

Traditionally, insurance risk assessment deals with visible, static exposures. Tangible assets, such as vehicles, real estate and even workers, can be visually evaluated for both exposures and controls, but with limitations. Those “assets” can be monitored and specific hazards understood for both potential frequency and severity. However, some exposures – for example, cyber attacks or viral diseases, including the current Covid-19 pandemic – are often impossible to predict and, therefore, extremely difficult to underwrite.