Influential National Association of Insurance Commissioners (NAIC) Moves On Cyber

CTOvision

Cybersecurity practitioners and policymakers have long been discussing the potential positive benefits of smart insurance policy and standards to reduce risk. The National Association of Insurance Commissioners (NAIC) is the U.S. By Bob Gourley.

The Relationship between AR Tech and Insurance

CTOvision

Augmented Reality (AR) is a technology that involves the use of digital content such as music, text, video and pictures to enhance a real world environment. It is important to point out that this technology does not entirely replace the real world like the virtual reality technology. In this case, a mobile device is normally […]. Artificial Intelligence CTO News Artificial intelligence

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Meet Ameet Bakshi: The Insurance CloudMASTER®

Cloud Musings

Powered by Singapore-based Big Data start-up Crayon Data , BigData-MadeSimple.com tapped the insurance industry as being at the forefront of integrating cloud technology into their digital eco system.

How Should Insurers Unleash Their Digital Businesses? By Mastering The Digital Basics

Forrester IT

Canadian and US insurers have a lot on their plates this year. These disruptors are spurring lots of activity in insurance digital labs, insurance venture capital arms, and […]. B2B ecommerce B2C ecommerce blockchain chatbots digital business digital transformation ebusiness strategy ecommerce Insurance

7012 Regs and Cyber insurance on collision course with small business

CTOvision

The regulations themselves are a part of, and a driver to, a set of complex problems for industry — presently, with risk being transferred away from DoD to its contractors who will find risk rebounding to them via their “cyber” insurance policies.

Security Think Tank: Six key factors in cyber insurance

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Australian organisations forced to take cyber insurance seriously

Computer Weekly

The take-up of cyber security insurance in Australia remains low, but it could increase if data breach notification regulations come into force

Best practices for lowering cyber insurance costs and cyber risk

Network World

With cybersecurity threats on the rise, companies are increasingly taking advantage of cybersecurity insurance. And while cyber insurance can be worth it, it’ll cost you. insurers earned $1B in cyber premiums. You can minimize your premiums by showing your insurance company you’re actively mitigating cyber risks, which is a win-win: lower your risk and secure a more cost-effective insurance plan.

The Insurance Industry and Big Data

Eric D. Brown

How would you feel if you got a letter in the mail from your insurance company telling you that your insurance rates have increased due to your social media activity? Big data has given insurance companies the ability to mine social media for all sorts of activities.

Insuring Your VoIP Network

IT Toolbox

Save $700 Billion with Incident Management-as-a-Service. The latest Digital Global Overview report from We Are Social and Hootsuite notes that there are over five billion unique mobile numbers and some 2.7 billion mobile social users. Over half the world’s population now uses the Internet, and digital communication and connectivity is changing the way

New leaders in insurance industry drive digital innovation

Computer Weekly

Insurance companies are investing in digital innovation, with a new breed of leaders formalising enterprise strategies

O2 offers internet of things-backed motor insurance

Computer Weekly

Mobile network O2 expands its reach into the vehicle insurance market with the launch of an internet of things monitoring service

Security Think Tank: Lower insurance premiums through security certification

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

How the insurance industry could change the game for security

Network World

The recent growth in the cyber insurance market is already improving cybersecurity in some industry segments, and has the potential to do more -- if the industry is able to address its data problem. One area where cyber insurance has already made an impact is in the retail space, said David White, founder and COO at Axio Global , a cyber risk company.

Insurers face same legacy system battle as retail banks

Computer Weekly

The biggest barrier to insurance companies adopting digital technology is their heavy reliance on legacy IT systems

Travelers enlists Symantec to advise cyber insurance customers

Network World

The Travelers insurance company has teamed up with Symantec to give policyholders cyber security assessments and consultation in order to help them manage risks. The self-assessment consists of filling out a 25-question survey and getting a written report of how well their network and data protection stacks up. If they want to, they can talk to a consultant who walks them through the results and recommends steps they could take to remediate risks.

Insurer launches UK’s first driverless car policy

Computer Weekly

Specialist motor insurance provider Adrian Flux introduces new contract terms for a driverless car insurance policy

HIPPA and Ransomware in the Healthcare Sector: “Your PHI or your life”

CTOvision

From a HHS blog post: To help health care entities better understand and respond to the threat of ransomware, the HHS Office for Civil Rights has released new Health Insurance Portability and Accountability Act (HIPAA) guidance on ransomware. Bob Gourley.

Security Think Tank: Understand data assets and risks for insurance success

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Moving to Hybrid Cloud: a Health Insurer’s Journey

Data Center Knowledge

How Concordia went from an outdated all-on-prem model to a modern hybrid environment Read More. Cloud Computing Data Center World Enterprise

Security Think Tank: Cyber insurance a great complement to good security practice

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Insurance firm frees itself from legacy shackles

Computer Weekly

Insurance intermediary is moving its IT infrastructure into the cloud in a 12-month project that also sees it update its end-user computing technologies

QTS Buys Large Dallas Data Center from Insurer HCSC

Data Center Knowledge

Pays $50M to expand in one of the hottest US data center markets Read More. Colocation Deals QTS (Quality Technology Services

Security Think Tank: Cyber insurance – factor in all costs and obligations

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Insurance brokers hit by second SSP Worldwide cloud outage in less than a week

Computer Weekly

Insurance software house comes under fire from users again, after they run into problems with its cloud service for the second time in a week

Cybersecurity: Too Often Overlooked is the Impact to the Individual

CTOvision

When put in context, the company recovered $90 million from insurance, wrote off $105 million in tax deductions, and the final sum was only equal to about.1 Proactive Communication : Inform their creditors to insure that they have documentation of an identity theft. By Matt Southmayd.

Want good cyber insurance? Read the fine print

Network World

One of the main reasons to buy insurance is to prevent the cost of an accident or other disaster from breaking the bank. But what if simply buying insurance threatens to break the bank? accounts , which took down its acquisition value by a reported $350 million – are seeking insurance. That scenario is starting to worry some organizations, for several reasons. First is the simple but powerful market force of supply and demand.

Insurance industry transformation will mirror travel sector through insurtech

Computer Weekly

Insurtech is gaining momentum, and companies in the sector of all sizes and ages can learn from startups

Lowering Your Data Center’s Exposure to Insurance Claims

Data Center Knowledge

Look at the whole picture, not just facility risks Read More. Featured Management Resources Services

Cyber Insecurity: A Boon for Insurers

CTOvision

Do you have good cyber insurance? An explosion in perceived cyber threats will lead to an explosion of attention to managing cyber risk, and that attention means booming business for cyber insurers. Randy Milanoff , a lawyer for insurance provider White & Williams, compares the Target data breach to ten Super Bowl advertisement for cyber insurers. By ShannonPerry. We’ve written plenty about data breaches.

IT workers brace for outsourcing, layoffs at health insurer

ComputerWorld IT Management

A major health insurer, Health Care Service Corporation (HCSC), is planning to outsource part of its information technology operation. The employees don’t have all the details about what’s in store for them, but this may be a large IT layoff. Employees were recently informed that 70% of the positions in the IT group, mostly in the area of infrastructure, will be outsourced, according to two IT workers who requested anonymity.

Insurance giant Allianz opens up about how DevOps success is fueling its move to cloud

Computer Weekly

The German financial services giant reveals details of how a year-long push to embrace DevOps has set the scene for a move to cloud

SSP set for showdown with insurance brokers over two-week Solihull datacentre meltdown

Computer Weekly

Senior leaders from insurance software provider will meet brokers next week to discuss the precautions it has taken to prevent a repeat of Solihull datacentre outage