Swiss Re’s annual SONAR report, published in early June, highlights 14 emerging risks that will impact different sectors of the insurance industry in different time frames. The accompanying chart summarizes the five risks identified in the report as those that will impact property/casualty insurers and reinsurers within the next three years.
Why edge computing made the list. Edge computing allows IoT data to be transferred and processed at rapid speeds by putting computing power close to the connected end-devices themselves, according to the report. The addition of more and ever-evolving interconnected devices to a network, however, increases potential cyber attack surfaces.