This report, developed by KPMG, Lloyd’s and QuantumBasel, explores the opportunities and emerging risks that quantum computing could create for the insurance industry.
Quantum computing has the potential to transform how insurers understand, model and manage highly complex risks. At the same time, its development introduces important challenges, particularly for cyber security and resilience, as organisations prepare for a future in which quantum technologies could challenge existing approaches to cryptography and data protection.
The report explores key considerations for the insurance industry, including the growing competition for quantum talent and expertise, the implications of quantum computing for cyber security, and the potential for quantum technologies to enhance risk modelling and decision-making.
By bringing together expertise from across insurance, technology and the wider quantum ecosystem, the report aims to build understanding of this emerging technology and help the industry prepare for both the opportunities and risks it may create. It can be used to support awareness, strategic planning and conversations around how insurers, brokers and risk managers can begin preparing for a quantum-enabled future.