How do insurances prepare for Quantum readiness?
Getting ready for the Next Era of insurance Risk
The insurance industry is entering a phase where classical models can no longer keep pace. Climate volatility, systemic cyberattacks, and global supply-chain disruptions are creating highly interconnected risks that exceed traditional computational limits. In a recent interview, Romi Sumaria, Director of Business Development at QAI Ventures, outlines why quantum computing is becoming strategically essential.
Why Classical Risk Models Are No Longer Enough
Today’s modelling tools struggle with multidimensional dependencies and exponential scaling. As Sumaria notes, insurers are increasingly “trying to price the future with the tools of the past.” Complex climate scenarios, systemic market risks, and cyber events require computational power beyond what classical systems can deliver.
How Quantum Computing Unlocks New Value for Insurers
Quantum computing offers a fundamentally new way to process information. It enables more accurate risk and capital modelling, supports optimised reinsurance structures, and allows insurers to simulate tail events with unprecedented depth. It also improves fraud and anomaly detection by analysing vast, unstructured datasets. Additionally, quantum-inspired algorithms make hyper-personalised products possible, moving insurers closer to true customer-centricity.
The Real Barriers: Data, Algorithms, and Organisational Readiness
The path to quantum advantage is not defined by hardware availability. Instead, the main obstacles are data quality, algorithm maturity, and internal buy-in. Insurers must modernise their data ecosystems and build cross-functional quantum literacy. Early experimentation, rather than short-term ROI, is critical to avoid costly future catch-up.
Ecosystem Partnerships as the Key to Acceleration
Because insurers cannot build quantum capabilities alone, ecosystem partners like QAI Ventures play a pivotal role. They provide access to global startups, research talent, and quantum-ready innovation pipelines. Technology integrators such as NTT DATA ensure these solutions can integrate with legacy systems and scale securely across complex enterprise architectures.
A Strategic Readiness Journey
Sumaria’s conclusion is unmistakable: quantum computing is not an arms race but a readiness journey. Insurers who prepare now, by strengthening data foundations, building partnerships, and starting early experimentation, will be the ones positioned to lead in the next era of insurance innovation.
Your contact:
Romi Sumaria
Director of Business Development & Partnerships
