nottheaverageactuary

Actuarial news and views from Cape Town and beyond

3D printing: implications for the re/insurance industry

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The new 3D printing seems like it’s going to be a game changer for re/insurance both positively and negatively. The new technology will improve product manufacturing and supply chain of insurance products. In terms of product design, engineers, medical industry will be able to see the shape and design of the products they are working in 3D. There are several risks associated with 3D printing, such as the scale and durability (Explained further on the video found on the web page) and how it’s going to be hard to know who’s liable for financial loss due to product failure resulting in death or injury (As part of Product Liability Insurance). It won’t be easy differentiating between product designers and producers, hence making it necessary to have professional indemnities covers. Powder based #D printers emit small quantities of pollution into the air.

http://www.swissre.com/reinsurance/insurers/casualty/3D_printing_implications_for_the_reinsurance_industry.html

 

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