Emerging risks rarely arrive fully formed. They evolve at the edges of innovation, where opportunity and uncertainty intersect. Advances in areas like quantum computing, AI infrastructure, and treatment therapy are reshaping industries with remarkable speed, but they are also introducing new and often underappreciated exposures. For insurers, the challenge is not simply to track these developments but to understand how they may translate into real-world risks across operations, liability, and systemic disruption. A Coming Quantum Leap? While much of the world appears focused on AI, another potentially revolutionary technological innovation is hovering just over the horizon: quantum computing. Unlike traditional or “classical” computers, which encode information into bits that are either in one of two positions (on/off, or 1/0), quantum computers encode information into quantum bits, or “qubits,” which can exist in a superposition of multiple positions. Qubits can encode more information than classical bits and may be able to perform computations that classical computers either can’t or would take impractical time to complete. Although we presently do not have quantum computers that can perform the full range of the technology’s anticipated capabilities, there is an active–albeit nascent–quantum computing industry that generated an estimated $1.45 billion in revenue in 2024 and is projected to grow to $2.2 billion by 2027. The industry remains relatively novel, but several large facilities are being constructed to house new quantum computers. While we may be years away from a robust quantum computer, potential P/C exposures may arise in connection with today’s quantum computing industry. These may range from commercial inland marine risks associated with the transportation of high-value quantum computing equipment to potential litigation risks related to the statements and disclosures made by directors and officers in the quantum computing supply chain. Even farther beyond the horizon lies a more remote but potentially significant