The perfect remedy for the risks posed by digitalisation

Article in partnership with Swiss Re, co-author Pravina Ladva Swiss Re Group Chief Digital & Technology Officer.

As digitalisation changes risks, solutions must keep pace to address emerging threats that could become systemic. In this third co-authored article, Pravina Ladva and Antonio Grasso discuss how digital solutions can mitigate digitalization’s economic and social risks.

People have always been aware that breakthrough innovations bring great benefits but can also come with new challenges. That’s also the case with digitalisation. However, because of the pace of digitalisation, we need to be faster than ever to remedy the vulnerabilities that accompany digitalisation via our own expanding digital capabilities.

Pravina Ladva’s view

The risk landscape is changing rapidly and expanding into the virtual space, accelerating the need for new types of insurance products that protect valuable digital assets. One programme that has emerged from a partnership between cyber insurer Cowbell and Swiss Re offers protection for enterprises that build their footprint in the Amazon Web Services (AWS) Cloud. In addition to robust cyber insurance protection, this programme provides continuous guidance to policyholders, helping them deploy cyber security best practices in a cloud environment.

As a growing share of the digital economy now relies on the cloud, cyber resilience is becoming increasingly important…