The insurance industry exists as a tool for mitigating the costs and damage associated with a single incident occurring for an individual or organization.

But this is nothing new. The Babylonians developed an early form of insurance that was recorded in the famous Code of Hammurabi as early as 1750 BC.

Over time, the idea of risk pooling has evolved into the complex insurance industry we have today.

Disruptive entrepreneurs have methodically sought out the business world’s most lucrative revenue streams and begun chipping away at the edges. Insurance, fortified by an onerous regulatory environment, remains one of the last strongholds of profitability.

It is in this context that we see a new set of crosshairs coming into focus as the next generation of insurance begins to emerge. Here are some of the changes that lie ahead.

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