Jacobo Bazbaz Sacal Understands Risk
Jacobo Bazbaz Sacal is the head of Interproteccion, one of Mexico’s leading insurance companies. He understands that the insurance industry is all about risk and how to mitigate it. Over the years, Jacobo Bazbaz Sacal has developed a reputation as an innovator. In fact, he Bazbaz is known for creating various cyber insurance products.
One of Jacobo Bazbaz Sacal’s newest areas of interest is self-driving vehicles. Although they’re not common yet, he understands autonomous vehicles are the wave of the future. Many traffic fatalities are the result of human error. Mexico, in particular, has a high rate of deaths due to auto accidents. Jacobo Bazbaz Sacal knows that due to these numbers, society needs to prepare for safer self-driving cars.
Of course, he understands that regulation always lags behind innovation. But Bazbaz is following developments in the industry closely. He believes that the insurance industry will create new products that combine aspects of traditional vehicle insurance with elements of software and machine learning insurance.
One interesting threat posed by self-driving vehicles is the issue of cyber attacks. In theory, someone could take control of a vehicle from outside and override the software. Jacobo Bazbaz Sacal is already considering ways to eliminate this risk, too.
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