The Internet, Insurance, and Latin America

The increasingly rapid rate of change in technology has been accompanied by an increasingly rapid rate of consumer acceptance and the effects of this new technology on industry have been revolutionary. The main driver of the transition toward a more electronic future is, of course, cost reduction. The expense of information is dropping on two fronts simultaneously: the cost of storage and the cost of transmittal. As more and more people gain access to and use computers for transactions, these costs will continue to fall.