Smart technologies bring new risks

SINGAPORE is gearing up to become the world's first Smart Nation with the government embarking on initiatives that harness technology to improve lives and build stronger communities. Some of these scientific developments, such as autonomous vehicles, will fundamentally change the way we live by introducing new solutions, but also create new risks.

As we embrace technology that was the stuff of science fiction not so long ago, both companies and consumers need to look at how they can manage the growing cyber, privacy and security threats that come with the likes of autonomous vehicles, drones and 3D printing.

At AIG, we have looked at how such technological developments will impact the way companies do business and identified the potential insurance risks.