There’s been a lot of buzz about the metaverse lately.
Executive SummaryThe metaverse is more than just hype, according to Dennis Winkler, director at ISG Insurance, and carriers who don't begin to embrace this next iteration of the internet are likely to fall behind. In this article, Winkler discusses the opportunities and risks of the metaverse for insurers, and how they can harness this new technology to continue serving new generations of consumers.
Indeed, to borrow a lyric from the Beatles’ “Across the Universe,” it seems buzzwords are “flowing out like endless rain into a paper cup.”
But the metaverse is more than just hype—in fact, we are watching the next evolution of how we use the internet quickly unfold. As a virtual world where users share experiences and interact in real time, the metaverse offers a sense of place and the ability for individuals to own assets, which will have a huge impact on the insurance industry.