Future of Risk

The Future of Risk is a newly evolved installation at Connections exploring how insurers are reimagining their approach to risk mitigation in response to a more complex and unpredictable risk landscape. As risks become more interconnected, fast-moving, and difficult to predict, the ability to act early has never been more important. Advances in technology and data are transforming what is possible, enabling insurers to better understand, monitor, and respond to emerging threats before they escalate. By bringing together diverse data sources and turning them into actionable insights, insurers can help policyholders reduce losses, improve resilience, and make more informed decisions. This is risk mitigation reimagined: smarter, faster, and built on a stronger partnership between insurers and the people and businesses they protect.

Inside The Future of Risk, attendees will explore cutting-edge innovations already transforming insurance. From wearable technology helping monitor workplace safety in real time to smart leak detection identifying water risks before they become costly claims and property intelligence helping insurers better understand and manage exposures such as wildfire, technology is reshaping the industry’s ability to prevent and respond to risk. These tools give insurers a clearer picture of their portfolios and empower customers with new strategies for mitigation and prevention. The area will highlight these solutions in action, offering a glimpse into a smarter, more proactive approach to managing tomorrow’s risks.

Non-weather water losses are the #1 driver of non-cat losses in home insurance. LeakBot is a non-weather water loss mitigation solution developed specifically for home insurers. LeakBot combines a single, self-installed, clip-on sensor with an app and licensed plumbers for a complete solution to find microleaks in homes and FIX them before they become claims.

Homeowners love the service with a Net Promoter Score of 80+ and a 4.9/5 customer satisfaction rating with our plumbing service. We have 27 insurance carrier partners such as Nationwide, Liberty Mutual, Hanover, PURE, and Selective Insurance to name a few.

MākuSafe is redefining how insurers and industrial organizations understand and manage workplace risk. Our connected worker platform combines patented wearable technology with advanced data analytics to detect hazards in real time — before incidents occur. From ergonomic strain and slip/trip/fall risk to environmental exposures like heat, noise, and air quality, MākuSafe turns front-line worker data into actionable safety intelligence. With over 7 billion data points collected across thousands of workers worldwide, we give P&C carriers and their policyholders the predictive insights needed to reduce claims, improve loss ratios, and build a safer future of work.

Previsico are experts in real-time flood forecasting providing early warnings to enable flood mitigation. Previsico’s mission is to minimize the impact of flooding globally by enabling people and organisations to proactively mitigate its effects. Having spun-out of Loughborough University in 2019, our proprietary technology is underpinned by over two decades of published research. This uses live hydrodynamic modelling, leverages leading data sources and sensor technologies to forecast, monitor and help prevent flood impacts. With a special focus on surface water and fluvial floods our service is used by a range of businesses, insurers and government agencies to reduce flood risk.

Spacebands are wearable devices that provide real-time vibration and noise exposure data from workers on construction sites; helping insurers reduce risk, prevent claims and improve underwriting decisions.

Forward-thinking insurers are moving from passive risk transfer to active risk management. Spacebands gives brokers, underwriters and claims teams real-time insight into workplace exposure risks so they can reduce losses before they occur.

We turn workplace safety data into fewer claims and stronger underwriting.