Risk Insider: Kate Browne

What’s 5G and Why Does it Matter?

By: | July 10, 2018 • 2 min read
Kate Browne Esq., ARM is a Senior Claims Expert at Swiss Re Corporate Solutions. She has spent her entire career in the insurance industry, and speaks and writes extensively on the impact on the legal implications of drones, autonomous vehicles, the internet of things, and other emerging risks. Kate can be reached at [email protected]

Every decade or so, the wireless industry rolls out the next generation of wireless data transfer technology. The goal is always to transmit more data at faster speeds, and the industry has yet to disappoint. Today our cellphones use 3G and 4G networks that can send and receive several hundred megabits of data per second.

However, in less than five years we will have access to a 5G network which is likely to be 100 times faster than the average 4G transmission. This increased speed will reduce “latency,” the delay between when a signal is sent and when it’s received, to 1 millisecond. As a result, 5G is a paradigm shift similar to the transition from the typewriter to the laptop.

5G is a set of invisible radio waves that transmit information between devices. The 5G mobile-network initiative is an international, industry-wide project to define the next generation of mobile networks.

However, in less than five years we will have access to a 5G network which is likely to be 100 times faster than the average 4G transmission.

The project is supported by telecom operators, equipment providers and governments. Its mission is to support converged communications and computing across public networks and devices to make information and computing power instantly available.

The 5G network is being designed to support an “everything’s connected” era. It will support an entire ecosystem of fully connected intelligent sensors and devices that will accelerate innovation, support growth and sustainability. Through this the world will gain seamless continuous connectivity and a new wave of applications, services and functions built to run on the new infrastructure.

For example, smart cities and autonomous vehicles will use a 5G network to communicate with each other. With a 5G connection, vehicle to vehicle connections will provide real time feeds about traffic conditions. Your car will take the best route based on traffic data communicated from other cars and smart sensors built into roadways, bridges and traffic signals.

5G will also support the use and control of drones, and will help industrial automation by enabling the control of production line robotics.

5G will also support the use and control of drones, and will help industrial automation by enabling the control of production line robotics.

In healthcare, 5G will enable always-on, secure device connectivity for patients and caregivers. Experts believe this will reduce costs and improve outcomes by supporting the transition to personalized, proactive and predictive care. 5G networks could someday make wireless healthcare and remote surgical procedures a reality.

Early 5G networks are being rolled out in some American cities, and Qualcomm has already developed the first 5G modem. The European Union’s goal is to complete 5G coverage by 2025, and the organizers of the 2020 Tokyo Olympics have promised to present the first showcase of the full range of what 5G networks can offer.

5G systems offer the possibility of providing simultaneous, reliable connections to a large numbers of wireless devices. This will support a significant increase in the number of connected devices generating large amounts of data which hopefully will allow businesses to create new products and services. &

The Profession

Curt Gross

This director of risk management sees cyber, IP and reputation risks as evolving threats, but more formal education may make emerging risk professionals better prepared.
By: | June 1, 2018 • 4 min read

R&I: What was your first job?

My first non-professional job was working at Burger King in high school. I learned some valuable life lessons there.

R&I: How did you come to work in risk management?

After taking some accounting classes in high school, I originally thought I wanted to be an accountant. After working on a few Widgets Inc. projects in college, I figured out that wasn’t what I really wanted to do. Risk management found me. The rest is history. Looking back, I am pleased with how things worked out.

R&I: What is the risk management community doing right?


I think we do a nice job on post graduate education. I think the ARM and CPCU designations give credibility to the profession. Plus, formal college risk management degrees are becoming more popular these days. I know The University of Akron just launched a new risk management bachelor’s program in the fall of 2017 within the business school.

R&I: What could the risk management community be doing a better job of?

I think we could do a better job with streamlining certificates of insurance or, better yet, evaluating if they are even necessary. It just seems to me that there is a significant amount of time and expense around generating certificates. There has to be a more efficient way.

R&I: What was the best location and year for the RIMS conference and why?

Selfishly, I prefer a destination with a direct flight when possible. RIMS does a nice job of selecting various locations throughout the country. It is a big job to successfully pull off a conference of that size.

Curt Gross, Director of Risk Management, Parker Hannifin Corp.

R&I: What’s been the biggest change in the risk management and insurance industry since you’ve been in it?

Definitely the change in nontraditional property & casualty exposures such as intellectual property and reputational risk. Those exposures existed way back when but in different ways. As computer networks become more and more connected and news travels at a more rapid pace, it just amplifies these types of exposures. Sometimes we have to think like the perpetrator, which can be difficult to do.

R&I: What emerging commercial risk most concerns you?

I hate to sound cliché — it’s quite the buzz these days — but I would have to say cyber. It’s such a complex risk involving nontraditional players and motives. Definitely a challenging exposure to get your arms around. Unfortunately, I don’t think we’ll really know the true exposure until there is more claim development.

R&I: What insurance carrier do you have the highest opinion of?


Our captive insurance company. I’ve been fortunate to work for several companies with a captive, each one with a different operating objective. I view a captive as an essential tool for a successful risk management program.

R&I: Who is your mentor and why?

I can’t point to just one. I have and continue to be lucky to work for really good managers throughout my career. Each one has taken the time and interest to develop me as a professional. I certainly haven’t arrived yet and welcome feedback to continue to try to be the best I can be every day.

R&I: What have you accomplished that you are proudest of?

I would like to think I have and continue to bring meaningful value to my company. However, I would have to say my family is my proudest accomplishment.

R&I: What is your favorite book or movie?

Favorite movie is definitely “Good Will Hunting.”

R&I: What’s the best restaurant you’ve ever eaten at?

Tough question to narrow down. If my wife ran a restaurant, it would be hers. We try to have dinner as a family as much as possible. If I had to pick one restaurant though, I would say Fire Food & Drink in Cleveland, Ohio. Chef Katz is a culinary genius.

R&I: What is the most unusual/interesting place you have ever visited?

The Grand Canyon. It is just so vast. A close second is Stonehenge.

R&I: What is the riskiest activity you ever engaged in?


A few, actually. Up until a few years ago, I owned a sport bike (motorcycle). Of course, I wore the proper gear, took a safety course and read a motorcycle safety book. Also, I have taken a few laps in a NASCAR [race car] around Daytona International Speedway at 180 mph. Most recently, trying to ride my daughter’s skateboard.

R&I: If the world has a modern hero, who is it and why?

The Dalai Lama. A world full of compassion, tolerance and patience and free of discrimination, racism and violence, while perhaps idealistic, sounds like a wonderful place to me.

R&I: What about this work do you find the most fulfilling or rewarding?

I really enjoy the company I work for and my role, because I get the opportunity to work with various functions. For example, while mostly finance, I get to interact with legal, human resources, employee health and safety, to name a few.

R&I: What do your friends and family think you do?

I asked my son. He said, “Risk management and insurance.” (He’s had the benefit of bring-your-kid-to-work day.)

Katie Dwyer is an associate editor at Risk & Insurance®. She can be reached at [email protected]