He added: “ There is a significant issue of underinsurance in new risk categories that needs to be addressed , said founder of Guidewire , Marcus Ryu , who is seen as one of the global thought leaders on insurance . He pointed to risks to individuals including those created by the sharing economy and drones and risks to enterprises relating to potential supply chain disruption and product recalls , citing Samsung ’s 2016 Note 7 recall which he said could cost the firm at least $ 5bn in losses . Guidewire is one of the biggest general insurance technology companies in the world .
There is a significant issue of underinsurance in new risk categories that needs to be addressed , said founder of Guidewire , Marcus Ryu , who is seen as one of the global thought leaders on insurance . He pointed to risks to individuals including those created by the sharing economy and drones and risks to enterprises relating to potential supply chain disruption and product recalls , citing Samsung ’s 2016 Note 7 recall which he said could cost the firm at least $ 5bn in losses . Guidewire is one of the biggest general insurance technology companies in the world .