The Opportunities in Smart Cities

Smart cities and insurance are intertwined in various ways. As urban areas around the world continue to embrace smart city technologies to improve efficiency, sustainability and quality of life, insurance plays a crucial role in mitigating risks and supporting the development and sustainability of these cities.

Urban areas are growing at lightning speed. Worldwide, there are now 37 cities with populations of over 10 million, and, by 2050, around 68% of the global population will live in urban areas.

As more people move to cities, rapid technological advancements have given rise to innovative solutions that enhance the quality of life and streamline daily tasks in urban areas.