Insurance Age

Nanotechnology will have effect on insurance industry

Nanotechnology will have both positive and negative effects on the future of the insurance industry, according to Jack Uldrich, president of the Nano Veritas Group. Speaking at this year's ISOTech 2005 in Las Vegas, he explained how it would increase the durability of materials in natural disasters, ultimately reducing payouts from insurers. However, he warned that many unknown effects on public health and the environment will make it harder for insurers to set reserves, particularly for tho