10 cyber insurance selling points

CTOvision

Read Elana Ashanti Jefferson list top ten reasons why companies, small and big, should buy cyber insurance on Property Casualty 360 : In a move that reflects the growing urgency for companies, organizations and institutions worldwide to proactively face down and mitigate cybercrime, Beazley, a longtime cyber insurance market leader, announced recently that it has […].

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. Of the many actions and activities we see in the insurance world today, the news of NAIC involvement is seen as particularly interesting. The National Association of Insurance Commissioners (NAIC) is the U.S. NAIC members form the national system of state-based insurance regulation in the U.S. By Bob Gourley.

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Descartes Underwriting raises $18.5 million for its data-driven insurance platform

Venture Beast

Descartes Underwriting, a startup applying AI and machine learning technologies to insurance underwriting, has raised $18.5 million. Read More.

Insurers are joining fintech party

Computer Weekly

Insurers are held back from digital transformation by legacy systems, but insurance-focused IT startups offer them hope

Global Firms Under-Insured Despite Breach Concerns

CTOvision

Half of global organizations still don’t have cyber insurance, despite the majority believing cyber-attacks will increase next year, according to FireEye. The security vendor polled 800 CISOs and senior executives across the globe to compile its new Cyber Trendscape Report. More than half (56%) said they believe the risk of attacks will grow next year and 51% […].

Ransomware: Number One Cyber Insurance Claim

SecureWorld News

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. 4 key takeaways from cyber insurance industry report.

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.

Insurance banana skins

IT Toolbox

When the insurance industry gets seriously worried about something, it means that seriously big money is involved

Robots replace staff at Japanese insurance firm

Computer Weekly

Japanese insurance company Fukoku Mutual Life Insurance replaces 34 members of its claims assessment team with IBM Watson

Axa offers on-demand insurance via mobile app

Computer Weekly

Insurance company launches app that offers quick and easy insurance cover for individual items owned by customers

Security Think Tank: Six key factors in cyber insurance

Computer Weekly

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

Predictions 2021: Insurers Find Opportunity Amid Chaos

Forrester's Customer Insights

As insurers contend with an unpredictable virus and its economic consequences, promising pathways to prosperity will reveal themselves. Age of the Customer Insurance prediction

Complying With Health Insurance Portability and Accountability Act (HIPAA) Security Rules

CTOvision

The post Complying With Health Insurance Portability and Accountability Act (HIPAA) Security Rules appeared first on CTOvision.com. CTO Cyber Security Health Information Technology for Economic and Clinical Health Act Health Insurance Portability and Accountability ActHIPAA was enacted in 1996, and by April 2005 security standards were required to be in place for most covered entities. In 2013 key portions of this law were updated.

Fascinating Examples Of How Blockchain Is Used In Insurance, Banking And Travel

CTOvision

Blockchain technology promises to revolutionize many aspects of how we do business and, if you believe the blockchain hype (of which there is plenty), may even be as disruptive as […].

Malaysian insurer partners IT supplier to tailor cyber security policies

Computer Weekly

Partnership is in response to requests from AIG customers for a more comprehensive risk management approach to cyber insurance

Security Think Tank: Lower insurance premiums through security certification

Computer Weekly

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

How And What Insurance US Small Businesses Buy Is Changing

Forrester's Customer Insights

As insurers look at the end of the industry’s big cash cow—private passenger auto insurance—many have amped up their small business lines. Big tech, telcos, and insurtechs are also breathing down the necks of traditional small business insurers. But changes in tech, the workforce, pharmacopeia, deepfakes, and more demand different insurance.

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? How would you feel about getting a letter from your insurance company telling you your rates have decreased due to your social media activity falling into line with other ‘safety’ conscious customers? Big data has given insurance companies the ability to mine social media for all sorts of activities.

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

Insurance brokers fume as SSP Worldwide suffers new cloud outage

Computer Weekly

Insurance brokers outline dismay at fresh round of service problems so soon after September's two-week cloud outage

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

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

Insurance Leaders: Review Your Marketing And CX Budgets In The Wake Of COVID-19

Forrester's Customer Insights

Different industries, including insurance, face disparate consumer trends, resource availability, and revenue potential during the pandemic and its aftermath. As a result, insurers […].

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: Cyber insurance – factor in all costs and obligations

Computer Weekly

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

Insurtech Funding Roundup, Q3 2020: Digital Insurers Drive Another Strong Quarter Of Funding

Forrester's Customer Insights

Age of the Customer digital business digital disruption digital marketing trends digital maturity Digital Transformation direct-to-consumer (DTC) fintech Innovation Insurance insurance industry trends insurtech

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

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

Security Think Tank: Back up risk assessment with broker advice on cyber insurance

Computer Weekly

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

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 broker Simply Business ditches legacy MPLS for SD-WAN

Computer Weekly

Insurance business finds networking a breeze after ditching its unresponsive managed services provider and implementing VeloCloud’s latest software-defined wide area network technology

WAN 136

Third of insurance professionals expect technology-based suppliers to disrupt market

Computer Weekly

Companies using technology platforms to offer insurance will be increasingly common, and a larger variety of insurance products will be available as a result

CRM delivering a competitive edge for insurance agencies

IT Toolbox

For small, independent insurance agencies, staying competitive means investing in technology, including CRM systems. It wasn’t always so but industry pressures are forcing their hand as CRM systems increasingly are being viewed as “must-have” as insurers struggle to cope with narrowing margins, particularly in a retail insurance market that has become more commoditized over the

Security Think Tank: Ensure cyber insurance is right and helps reduce risk

Computer Weekly

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

Insurance brokers fear regulatory action over SSP Worldwide cloud outage

Computer Weekly

Insurance brokers hit out at disaster recovery arrangements, fearing two-week outage could put them at risk of action by Financial Conduct Authority

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

Security Think Tank: Cyber insurance may not provide cover where it is most needed

Computer Weekly

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

[Guide] 2018 State of the Insurance Industry

Perficient Data & Analytics

Creating value for customers, employees, partners, and shareholders has always been the core objective of insurance companies. Our new guide highlights the: State of the insurance industry based on our own insights, as well as those from leaders in the space. Most significant challenges diversified insurance, life insurance, and property and casualty insurance companies face and how they are solving them.

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

How Is the Pandemic Driving up Cyber Insurance Rates?

SecureWorld News

But how are these new developments impacting cyber insurance rates? COVID-19 is raising cyber insurance rates. At first glance, the driving force behind higher cyber insurance rates would seem to be more incidents leading to more expensive policy premiums. COVID-19 is accelerating the transition of the cyber insurance market into hard market conditions, where we are seeing premium increases become more of the norm," Snyder said.

What’s Hot In Insurance Tech In 2019?

Forrester's Customer Insights

In 2019, the pressure on insurance business and technology leaders isn’t letting up. Earlier this year in Forrester’s “How Five Drivers Will Shape Insurance Business Technology Investments In 2019” report and webinar, we examined the drivers shown here that are shaping insurance business priorities. age of the customer digital business Insurance technology AI digital digital insurance digital strategy disruption insurance insurtech legacy systems

Expanding Through M&A in the Insurance Industry

Perficient Data & Analytics

Yet even as insurance companies lean on M&A for growth, every insurance company requires a more comprehensive program to achieve its growth targets. — To learn what else is driving growth, productivity, and efficiency, download our new guide: 2018 State of the Insurance Industry. M&A is always on the table, as it can provide quicker access to more customers through geographic expansion, as well as new business lines and capabilities.

Embracing Strategic Initiatives in the Insurance Industry

Perficient Data & Analytics

Today, insurance companies remain heavily focused on growth, productivity, and efficiency. The answers to these big questions lie in the strategic initiatives that insurance companies must embrace to move their business forward. To learn about them, download our new guide: 2018 State of the Insurance Industry. That is, how can they generate more revenue and increase profitability? How can they get a bigger piece of the pie in a market that offers customers so many options?