Swiss Re Emerging Risk Report: 5G Mobile Networks Rated As "High Impact" Risk for Insurance Industry

5G mobile networks rated as "high impact" risk for insurance industry in new Emerging Risk report from Swiss Re.  Swiss Re rated 5G as a "high impact" risk affecting property and casualty claims in more than 3 years.

From: Swiss Re. SONAR – New emerging risk insights. Zurich, Switzerland: Sustainability, Emerging and Political Risk Management, Swiss Re Institute, Strategy Development & Performance Management. May 2019. https://www.swissre.com/insti…/research/sonar/sonar2019.html

Off the leash – 5G mobile networks (p. 29)

"5G – short for fifth generation – is the latest standard for cellular mobile communications. Providing ultrafast broadband connection with higher capacity and lower latency, 5G is not only heaven for your smartphone. It will enable wireless connectivity in real time for any device of the Internet of things (IoT), whether that be autonomous cars or sensor-steered factory. In doing so, it will allow decentralised seamless interconnectivity between devices.

To allow for a functional network coverage and increased capacity overall, more antennas will be needed, including acceptance of higher levels of electromagnetic radiation. In some jurisdictions, the rise of threshold values will require legal adaptation. Existing concerns regarding potential negative health effects from electromagnetic fields (EMF) are only likely to increase. An uptick in liability claims could be a potential long-term consequence.

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