This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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.
For others, it may simply be a matter of integrating AI into internal operations to improve decision-making and bolster security with stronger fraud detection. According to a Cloudera survey, 72% of business leaders agree that data governance is an enabler of business value, underscoring the critical link between secure data and impactful AI.
GenAI can help by providing new tools for accurately analyzing cyber risks, streamlining process efficiencies, and helping insurers improve the security of buyers.
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.
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.
Without robust security and governance frameworks, unsecured AI systems can erode stakeholder trust, disrupt operations and expose businesses to compliance and reputational risks. Senior executives are challenged with securing AI, aligning initiatives with governance frameworks and fortifying business resilience. Holistic approach.
Cyber insurance can help protect your organization from the financial costs associated with data breaches. Learn the details to decide if it's the right fit for your company.
Cyber insurance is a common tool for risk transfer today. But who has cyber insurance and what benefits do organizations see from it? Analyzing Forrester data on cyber insurance adoption and breach response trends, we find that: Most organizations do not have standalone cyber insurance […]
The post Insurance industry being ravaged by high rate of cyberattacks appeared first on TechRepublic. A new report from Black Kite shows the entire sector may be ripe for ransomware attacks.
For Crdit Agricole Insurance and Crdit Agricole Life, companies of the Crdit Agricole Group, digital transformation began a few years ago, involving both internal processes and those used externally by intermediaries and customers. I insist on the value of communication and involvement.
Artificial intelligence (AI) has rapidly shifted from buzz to business necessity over the past yearsomething Zscaler has seen firsthand while pioneering AI-powered solutions and tracking enterprise AI/ML activity in the worlds largest security cloud. billion AI/ML transactions in the Zscaler Zero Trust Exchange.
Tom Merritt lists five things you should know about cyber insurance. With cyberattacks increasing, it's becoming more and more important for companies to protect themselves.
Tom Merritt lists five things you should know about cyber insurance. With cyberattacks increasing, it's becoming more and more important for companies to protect themselves.
One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. I want to provide an easy and secure outlet that’s genuinely production-ready and scalable.
To overcome this, many CIOs originally adopted enterprise data platforms (EDPs)—centralized cloud solutions that delivered insights quickly, securely, and reliably across various business units and geographies. Historically, insurers struggled with fragmented data sources, leading to inefficient data aggregation and analysis.
For us, that means remembering our core mission: providing risk management and insurance solutions to our customers in a way that helps them protect their businesses and families. Thats the mindset we need to bring into every business, whether were selling insurance, financial services, or something else entirely.
The virtual event also featured demos of EXL Code Harbor , a generative AI-powered code migration tool, and EXLs Insurance Large Language Model (LLM) , a purpose-built solution to the industrys challenges around claims adjudication and underwriting. It also delivers the best outcomes for both the insurers and the insured.
One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. I want to provide an easy and secure outlet that’s genuinely production-ready and scalable.
We’ve said it many times: security matters, and security leaders have more influence and access to boards and senior executives than ever. Thanks to external forces like ransomware attacks, evolving security and privacy legislation, and existential loss of cyber insurance dread, they get it at the top.
Many businesses are now requiring employees to update payment information through secure portals rather than relying on email communications, which reduces the chance of falling victim to an attack. In cases where the victim cannot recover funds, it’s essential to have insurance policies in place to mitigate the financial loss.
To bridge this critical gap, IT leaders should focus on the five Ss speed, security, scale, simplicity, and smarts to strengthen their cybersecurity and response capabilities. To address these challenges, organizations need to implement a unified data security and management system that delivers consistent backup and recovery performance.
Whether it’s a financial services firm looking to build a personalized virtual assistant or an insurance company in need of ML models capable of identifying potential fraud, artificial intelligence (AI) is primed to transform nearly every industry. Before we go further, let’s quickly define what we mean by each of these terms.
For over 130 years, Hastings Mutual Insurance Company has served and protected its clients throughout the Midwest. In its push to modernize, the regional insurance provider also believed updating its client viewing system to provide a more intuitive, user-friendly experience would benefit its customers and employees alike.
Traditionally viewed as rock-solid and steady, the insurance industry is not exactly associated with taking big risks. Gray Nester, CIO, Brown & Brown Insurance Gray Nester / Brown & Brown Some, like BBNI’s Technology Solutions Group, are being renamed and restructured to orchestrate greater immersion in the business.
VMware by Broadcom has unveiled a new networking architecture that it says will improve the performance and security of distributed artificial intelligence (AI) — using AI and machine learning (ML) to do so. and the top response, ahead of cyber security, was supporting AI workloads. “One That’s where VeloRAIN will come in. “By
Natural disasters have been increasing in frequency, severity, and diversity in recent years, pressuring insurers to be more efficient and to anticipate event and claim fallout. Second, RDA addresses post-NatCat planning to help insurers’ prioritize property inspections. trillion. “If
The post CrowdStrike Faces Lawsuits Over Global Outage, Likely to Drive Up Insurance Costs appeared first on Spiceworks Inc. CrowdStrike is set to face lawsuits from investors and affected organizations over its faulty update, which caused a global outage of Windows systems.
Several hospitals canceled surgeries as well, and banks, airports, public transit systems, 911 centers, and multiple government agencies including the Department of Homeland Security also suffered outages. What if theres an urgent security fix? The overall cost was estimated at $5.4 Trust, but verify.
With increasing data privacy and security regulations, geopolitical factors, and customer demands for transparency, customers are seeking to maintain control over their data and ensure compliance with national or regional laws. As organizations expand globally, securing data at rest and in transit becomes even more complex.
Imagine a security system that doesnt just alert you to a threat but takes immediate action to neutralize it. For example, attackers recently used AI to pose as representatives of an insurance company. AI can craft phishing emails like these, which are so convincing that even the most security-conscious user might fall for it.
Over the past few years, drones have transitioned from military-only applications into a strategic asset that is transforming a range of industries such as construction, real estate, insurance, and agriculture.
To better serve our healthcare provider clients, we recently looked back at the past year of Health Insurance Portability […]. Hindsight is 20/20; it’s easy to look back on past mistakes and identify ways to prevent them from reoccurring, especially when it comes to breaches reported on the Office of Civil Rights (OCR) “Wall of Shame”.
These advancements promise to increase accuracy and reduce costs, particularly in regulated industries like financial services, insurance, and life sciences. Private AI implementation within secure environments will be essential for maximizing efficiency and compliance.
Santos Converge ICT Solutions Peter Tay Income Insurance Quinny Lei Grab Rajat Mittal NTUC First Campus Ralph Ostertag Heineken Ravel Lai Uni-China Group Renee Ling PwC Malaysia & Vietnam Rhezandra Priatama Sekolahmu Richard Parcia GOLDEN ABC, Inc. These are in addition to CIO100 awards in the US, UK, and the Middle East. …
Insurance companies are no longer only there for their customers in times of disaster. Modern approaches to insurance and changes in customer expectations mean that the insurance business model looks very different than it used to. For many insurers, this means investing in cloud. CIO Africa: What were the results?
We organize all of the trending information in your field so you don't have to. Join 83,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content