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New realities

Risks in the virtual world

Augmented, virtual and mixed reality technologies are being rapidly adopted from the gaming sector for commercial use including remote surgical procedures, simulated engineering scenarios and virtual event hospitality. Insurers are also starting to explore how they might use the technologies in areas such as claims and marketing.

As the technology becomes more widespread, new risks are emerging which KPMG estimates could cost business £20bn annually.

The ‘New Realities’ report from Lloyd’s and futurist Amelia Kallman analyses this fast-growing sector. It identifies the risks and opportunities associated with these technologies, giving insurers the information they need to move into this rapidly growing market and offer their customers the right coverage, solutions and protection.

A Lloyd's Risk Report

The report also helps risk managers assess how these technologies could impact their businesses, and what they can do to mitigate any risks associated with it.