Internet of Things ripe for risk exposures
Business Insurance | November 16, 2015
Risk managers need to act proactively to protect their organizations from liabilities arising out of the so-called Internet of Things, an insurance executive says. With between 10 billion and 20 billion products and devices connected to the Internet, risk managers need to exert influence within their companies to ensure that liability considerations are addressed before digitally connected products are introduced, said Rudi H. Spaan, president and CEO of AIG Insurance Hong Kong Ltd., a unit of American International Group Inc.