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James Nash, international chief executive for U.S.-based reinsurer Guy Carpenter & Co. LLC, said that technology is radically transforming risks assumed by the insurance and reinsurance industry, Xprimm reports. "The quantity and quality of data associated with ‘Industry 4.0’ should enable more precise underwriting, bringing huge opportunities to grow and innovate, as well as enhance risk understanding and increase efficiencies," Mr. Nash said.