A great initiative from Marsh!

My concern is that insurers are simply not gearing up to cope with the data that they will need to respond to. 

Data they could receive in real time from this kind of scenario could allow them to provide dynamic risk management services (Risk Management as a Service or RMaaS). This must be addressed using AI capabilities or an "Always on Brain" - you simply can't afford to employ thousands of people to analyse and manage this data.

Where are the insurers who are making significant investments in systems of Detection and Analysis which can deal with this kind of great initiative? Sadly, few and far between right now. 

So, perhaps this is where insurtech companies will make their fortunes.