I posted just yesterday about the formation of the 'ADIG,' a collaboration between most major UK motor insurers to respond to the advances in driver-less technology.
During the Paris climate talks as well, I highlighted the collaborative role the insurance sector was to play in tackling climate change.
This is another example of disparate businesses coming together to address emerging risks.
This is the kind of trend we can all support.
Lloyd’s of London today announced that a set of common core data requirements for cyber risks has been agreed through ground breaking collaboration with modelling firms AIR Worldwide (AIR) and RMS with the Cambridge Centre of Risk Studies. Both AIR and the RMS/Cambridge team have agreed to highlight common elements when they publish their data schemas later this month and most importantly each has agreed to use similar terminology and precise definitions. The common core data requirements can be found at www.lloyds.com/cybercoredata