Google could enter reinsurance market: Expert

Standard & Poor's Corp.'s Dennis Sugrue has said that financially strong businesses such as Google Inc. could enter the reinsurance market, which could mean further competition in the sector, reported The Royal Gazette.

Mr. Sugrue said the industry would have to take lead and continue innovating or else it will have to face competition from new entrants. The expert said there are potential opportunities that could be explored by tapping 'big data' and climate change projections.

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