Augmented and Virtual Reality to Create $20 Billion Risk by 2020

Published by , October 24, 2016 10:01 am

(InsuranceBusiness) According to a new report released by KPMG, AR and VR technology are expected to generate insurance losses in the region of US$20 billion by 2020. It is predicted that customers will continue to suffer from accidents while they play games – and that companies will be increasingly responsible for holding sensitive information, including location data.
Some of the emerging risks associated with AR and VR-ranging from health risks such as accidents occurring from playing the games as well as dizziness and other side effects; information security; use of the avatar to channel more destructive behaviours including bullying and stalking; as well as violation of privacy.

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