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Healing in Cabilla ’ s Ancient Temperate Rainforest
According to a study by Insurtech Insights , greater investment in cloudbased solutions improves environmental sustainability by enhancing cooling efficiency , CPU utilisation , software engineering , application architecture and overall energy consumption . This shift not only benefits the environment but also enhances operational efficiency .
AI and machine learning are also playing a crucial role in improving risk management practices related to environmental factors . These technologies enable insurers to
observe risks in real-time and provide early warnings about potential hazards that were previously difficult to detect .
For instance , some companies are leveraging AI in conjunction with satellite imagery to gauge environmental risks , enabling timely action to prevent or mitigate environmental damage .
Rachel adds : “ As far as our underwriting is concerned , understanding the physical risk implications of climate change is obviously important to us . We , like many insurers , take on breathtaking amounts of catastrophe risk such as from hurricanes , extreme flood , wildfire etc every year . To help us assess that risk , we have very sophisticated physical hazard modelling tools .”
ESG integration and blockchain technology The integration of ESG factors into insurance underwriting is becoming increasingly important .
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