The metaverse is a hot topic right now, with businesses across many industries exploring how they will participate in it. For insurers, the metaverse introduces incredible opportunity, and along with that, incredible new risk.
In this episode of the "Filling the Gap" podcast series, Christopher Sirota, product manager of Emerging Issues at Verisk Analytics, discusses what the metaverse looks like today and its potential impact on the insurance industry in the future. You'll learn:
The broad definition of the metaverse;
- The types of exposures to new risks businesses and people may encounter in the metaverse, including so-called "crossover" risk;
- Underwriting in the metaverse, and the challenges in determining the value of property owned in the virtual world;
- What commercial auto driver training may become in the metaverse and how augmented reality fits in; and
- The data privacy challenges in the metaverse in light of the biometric data that may be collected there.
Click play to listen.
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