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At issue now is how the new wave of robots will alter risks in the world and what that means for the insurance industry.

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The robots are coming. In fact, in many places, they have already arrived.

Some consider software automation such as robo-advisors to be robotics, but there is also considerable progress in the world of the physical, tangible robots that are very similar to the ones made popular by a century of science fiction stories.

We are headed toward a future of robots all around us — on land, sea, and air; in our homes, businesses, and communities. Today, we are witnessing the first glimpses of this robot revolution. The rate of robot proliferation and adoption is astounding, which means that a future with billions of robots may not be that far off.

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