Seeing Risk Before It Happens: Digital Twins and Satellite AI in Insurance
By Dipu KV, Senior President, Bajaj General Insurance
What if an insurer could see a disaster taking shape before it becomes a claim? What if a satellite could spot a changing river, an AI model could predict the impact of an approaching weather system, and a digital twin could help us understand which insured assets are most vulnerable?
This is no longer a futuristic thought experiment. The technology to make parts of this vision possible is already emerging. And for the insurance industry, it could change the very meaning of risk management.
For centuries, insurance has relied on a familiar equation: study yesterday’s losses, calculate tomorrow’s probabilities and prepare to pay when something goes wrong. Actuarial science remains indispensable. But in a world of increasingly complex weather patterns, rapid urbanisation and evolving risks, historical data alone may not tell us the complete story.
The opportunity now is to combine yesterday’s...
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