The United Kingdom is fortunate in having a knowledge economy supported by national and local governments and built on a great University infrastructure and the unique National Health Service.This in turn spawns inventions in all fields of pure science and engineering likely to in turn create insurance demands never imagined by the traditional insurers.
Add to this the “social” change brought by connectivity, with new business models like Uber and Airbnb, and the impending reality of the “internet of things”.
Any science or technology which is sufficiently advanced is indistinguishable from magic.
Arthur C. Clarke
Technology is constantly requiring reassessment of relevant insurance – the app development enabling the sharing economy, nano technology revolutionising some coatings and therefore lifespans, battery technology changing how we fuel cars, aviation technology creating the drone.
Innovation Insurance is deliberately positioned to be able to engage with both clients and forward thinking insurers and embrace these new risks.