Insurance And 3D Printing: How The Industry Adapts To New Technology

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Did you know that a career in Insurance can connect you to emerging technologies?

This is a great field for recent grads who are looking for stability, promising income potential, and unparalleled learning opportunities. What’s more, this industry encapsulates a diverse range of businesses, allowing young professionals to specialize in an area that interests them.

Technology Insurance is an especially egg-citing field. From assessing the potential risks of new gadgets to helping companies adjust their insurance policies to integrate emerging trends, Insurance professionals are always learning and adapting to new developments.

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3D printing is a great example. This device creates physical objects from a digital file, building items layer-by-layer. While it’s an impressive invention on its own, the versatility of this emerging technology has caught the eye of many industries. For example, 3D printers can build machine parts quickly and at a fraction of the cost of older methods. Medical professionals can even use this technology to create replacement joints for their patients. These are just a few of the many innovations that these machines make possible.

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We can all agree that 3D printing is an amazing technological advancement. Yet you may be wondering: what does this have to do with Insurance? Firstly, every business, including Tech companies, relies on the Insurance industry. When new products arrive on the market, no one knows what possible risks and liabilities they might entail. Insurance experts can help companies assess the potential issues of a trend like 3D printing and adapt their coverage to protect their customers, employees, and their business.

What would an Insurance expert think about 3D printing?

In order to help a business analyze their Insurance policy and adjust to technology trends, an advisor might ask these questions.

  • Is there a possibility that someone could get injured operating this technology?
  • Would that scenario require a Bodily Injury Policy?
  • Does the company’s Property Policy supply coverage if the machine breaks down and work is interrupted?
  • What are the liabilities of this product? Could items made with a 3D printer potentially hurt a customer?
  • Could a 3D printer be at risk for hacking? Should cyber insurance be recommended?

calculator-385506_960_720If the opportunity to interact with new technologies like 3D printing sounds intriguing, Insurance might be the right field for you. Professionals in this area come face-to-face with emerging trends and have to balance big picture thinking with a detail-oriented approach. In order to be successful in this industry, you need to be a pragmatic, analytical thinker. These skills can help you anticipate the potential problems of a new product and foresee its solutions.

Y01VDYAX63As you can tell, there’s a lot more to Insurance than meets the eye! People in this industry may be among the first to assess the latest technologies as they transition from the factory to daily use – a rare opportunity to see the next big invention before most people even know it exists! Furthermore, being at the forefront of new technological developments means a career in Insurance provide a lifelong opportunity to learn.

This field is full of inspiring new challenges every day; preparing industries for amazing innovations like 3D printing is just the beginning.

Learn more about the world of Insurance! Check out Career Connections’ Employer Page.

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