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How augmented and virtual reality are changing the insurance landscape

How virtual reality is changing insurance landscape

The risks from augmented and virtual reality present a significant, emerging insurance opportunity.


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Girl wearing virtual reality gear

The recent spate of accidents associated with the highly successful augmented reality game ‘Pokémon Go’ has provided a taste of the risks that these technologies can bring. In this article we discuss the various applications of augmented and virtual reality, and the emerging risks to health, personal and corporate data security and privacy, and organizational reputations.

Insurance companies have a big opportunity to build relevant products to help customers safeguard against these risks. But they need to move fast, as players from inside and outside of the sector are also eyeing this emerging market.

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KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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