What You Need to Know About Ransomware Insurance

Information Week

Ransomware insurance can limit the immediate and long-term financial damage Ransomware can bring business operations to an instant halt.

Zelros raises $11 million for AI that personalizes insurance plans

Venture Beast

Zelros raised $11 million for natural language understanding technology to help policyholders choose the optimum insurance plans. Read More.

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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 […].

Four Themes Will Shape The Future Of Insurance

Forrester - Business Intelligence

The future of insurance is here. Insurers can no longer wait on the sidelines. The game for who wins the hearts and wallets of tomorrow’s insurance customer. That’s my view and I am sticking to it. You must get in the game. What game you ask?

Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

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

Flock CEO on data strategy behind commercial drone insurance

Venture Beast

Flock CEO on how data analysis makes it possible to offer better prices for insurance on drone flights and van fleets. Read More.

A Cyberattack Allegedly Knocked Insurance Giant CNA Offline

GizModo VR

CNA Financial, one of the largest insurance providers in the U.S., cyberattack insurance cyberwarfare cybercrime data security cna financial corporation cyber insurance internet security computer security ransomware joshua motta cna financial technology internet

Cyber Insurance Premiums Suddenly Surging

SecureWorld News

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year.

What Do CIOs Need To Know About Cyber Insurance?

The Accidental Successful CIO

You are not generally called on to deal with other business related issues such as insurance. However, with the rash of ransomware attacks and denial-of-service attacks that have been happening, CIOs are now being asked to help out when the company goes shopping for cyber insurance.

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.

Planck raises $16 million to underwrite commercial insurance risk

Venture Beast

Planck, a startup leveraging AI and machine learning to underwrite commercial insurance risk, raised $16 million in venture capital. Read More.

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% […].

Tractable uses computer vision to accelerate insurance claims

Venture Beast

Tractable's AI performs a real-time analysis that helps insurance companies quickly decide whether a car can be fixed. AI Big Data Cloud Dev Enterprise Mobile VB Home Page category-/Business & Industrial computer vision funding daily insurance insurtech Tractable

The Cyber Insurance Roller Coaster: As Demand Speeds Up, Some Insurers Disembark

Forrester's Customer Insights

Age of the Customer Cybersecurity Cybersecurity Trends insurance industry trends MSSP Ransomware risk managementThe first half of 2021 has been anything but quiet for cyberinsurance!

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

What to consider when shopping for cyber insurance

Tech Republic Security

Cyber insurance is gaining favor in the business world. An expert offers tips on how to get what's needed for the best price

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

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

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

Security Think Tank: Six key factors in cyber insurance

Computer Weekly

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

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

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

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.

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.

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

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.

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

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

The Future of Predictive Analytics In the Insurance Industry

Dataconomy

Finance Big Data Contributors Featured fintech Insurance Machine Learning ML predictive analyticsBig data is one of the most rapidly growing industries in the world and was valued at $169 billion in 2018, with expectations to approach the $300 billion mark by the end of next year.

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

10 Things MSPs Should Know About Cybersecurity Insurance

CompTIA on Cybersecurity

MSPs are smart to look at cybersecurity insurance, but coverage is only as strong as your specific policy.

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

Cybersecurity insurance company Coalition raises $175M to secure the modern enterprise

Venture Beast

Coalition, an enterprise-grade cybersecurity platform that specializes in insurance, has raised $175 million in a round of funding. Read More.

Beam raises $80 million for AI-driven dental coverage that rewards good hygiene

Venture Beast

AI Big Data Cloud Dev Enterprise Entrepreneur VB Home Page ai algorithm artificial intelligence Beam Beam Dental carrier category-/Finance/Insurance/Health Insurance category-/Health/Oral & Dental Care funding daily insurance insuretech machine learning

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