In this video, Dan talks about how he expects insurance to change in the future and why it's important to business leaders.
- The insurance industry has traditionally been slow…to adapt to changes they don't understand.…In the past they've taken their time to respond…to issues around pollution,…employment practices liability, and most recently cyber.…To their credit they are working harder than ever…to be more responsive as technological advances demand it.…To start, let's look at drones.…The pervasiveness of drones…really hit home for me the other night.…I announced local high school football games,…and a few weeks ago I saw a drone flying…directly over the playing field during the game.…
The visiting team had a man on their sideline…directing it with remote control.…Likely to gain information on plays.…If a high school football team uses them,…you know that drones will become more common…to all types of businesses in the future.…In the insurance world drones are considered aircraft.…You don't need to purchase aviation insurance,…but they are handled on what's called…an Inland Marine Policy.…It's a specialized insurance policy…for both property and liability.…
- Recall the detrimental effects a BOT attack can have on a company’s customer database.
- Recognize which individuals companies frequently fail to include in mid-crisis actions.
- Determine how Google Alerts can help a company protect itself against threats.
- Identify a threat that is least likely to cause a company financial harm.
- Define “culture shock” in the context of business operations.
- Name a type of leader that often uses their position for personal prestige rather than performing their roles.
- Predict what will happen with business insurance as technology evolves.