Technology has transformed the medical sector’s ability to deliver healthcare. With the rise of artificial intelligence (AI) helping clinicians to diagnose conditions, ever-more accurate medicine dosages for patients are being delivered. Data is flowing increasingly freely through the system, enhancing understanding of key medical trends and the ability to treat individual patients.
And that’s just the tip of the iceberg.
But, as with all technology advancements, there comes risk; risk that can bubble under the surface until something goes wrong. This notion is very real in the medical technology space, where the risks can be significant and have a damaging effect if not managed carefully.
In this article, Markel’s specialist technology underwriting team lays out the impact of key technology developments in the medical space, the risks facing UK SMEs operating in this sector and how SMEs can mitigate these risks through specialist insurance cover.
• Artificial intelligence and robotics.
• Secure data transfer through blockchain.
• The rise of data.
• Understanding the risks.
• Specialist insurance programs that should be considered.