Financial TimesFinancial Times

Rethinking Insurance: How Prevention is Better than a Claim

By Ian Smith

24 Jul 2022 · 9 min read

Editor's Note

The insurance industry isn’t known for excitement. But the FT has a fascinating report on how new tech is helping the industry prevent the bad outcomes clients get insurance for in the first place.

Technology is helping insurers to minimise risks or eliminate them altogether. But will early intervention push the industry out of a job?After completing her first 5km run, Annette Ball was in floods of tears at the achievement.

It was the first milestone on a journey, starting in 2019, that has seen the 56-year-old music teacher from Coventry lose more than three stone in weight and establish a new regime of strenuous exercise nearly every day of the week.

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