The survey additionally discovered that many insurers view know-how as the best means to shut the safety hole. Some firms are already making use of superior instruments to cut back insurance coverage prices, with 40% of respondents reporting the adoption of those measures. Others are growing new merchandise, akin to parametric or microinsurance, which 40% of organizations are presently utilizing. Moreover, 28% of companies are partaking with regulators by means of business our bodies, whereas 32% are utilizing information to enhance threat evaluation and product design.
