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Why a data-first culture is key to unlocking value from AI in insurance

CIO Business Intelligence

Data is the lifeblood of the modern insurance business. Yet, despite the huge role it plays and the massive amount of data that is collected each day, most insurers struggle when it comes to accessing, analyzing, and driving business decisions from that data. There are lots of reasons for this.

Insurance 329
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Cyber Insurance Premiums Are Declining Worldwide as Businesses Improve Security, Howden Insurance Broker Report Finds

Tech Republic Security

Rates have declined by 15% since the market peak in 2022, according to Howden Insurance Brokers.

Insurance 457
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Services You Should Expect From Your Cyber Insurance Provider

Information Week

Cyber insurance is a novel service -- and clients still don’t know what they should expect. Experts tell us what premium cyber insurance firms are offering and what you should plan on securing for yourself.

Insurance 545
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How Generative AI Is Changing the Nature of Cyber Insurance

Information Week

GenAI can help by providing new tools for accurately analyzing cyber risks, streamlining process efficiencies, and helping insurers improve the security of buyers.

Insurance 511
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Make Cyber Insurance Work For You

Forrester IT

Three factors are certain to influence your cyber security program today: regulations, third-party partners, and cyber insurance. Increasingly stringent requirements, exclusions, and policy premium costs may appear as a trifecta of pain launched your way from insurers. But cyber insurance is really an opportunity.

Insurance 415
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Why cybersecurity insurance may be worth the cost

Tech Republic Security

Cybersecurity insurance can compensate you in the event of a cyberattack. But how do you determine the right policy for your needs?

Insurance 545
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EXL’s Insurance LLM transforms claims and underwriting

CIO Business Intelligence

As insurance companies embrace generative AI (genAI) to address longstanding operational inefficiencies, theyre discovering that general-purpose large language models (LLMs) often fall short in solving their unique challenges. Claims adjudication, for example, is an intensive manual process that bogs down insurers.

Insurance 182