Library: Intelligent AI - Transforming commercial property risk with the internet of things - The Digital Insurer

Just as the rest of the insurance industry needs a technology overhaul, commercial property insurance is long overdue a refurbishment. And it's going to take more than a lick of paint to set this house in order, say the authors of this report. Loss costs and expenses are too high. Between 2016 and 2019, Lloyd's commercial property insurance showed losses of £2.6 billion. This figure is only going to increase as both man made and natural hazards cause losses.