Process Orchestration: Benefits for Insurance, Financial Services and Telecommunications

IT Toolbox

The post Process Orchestration: Benefits for Insurance, Financial Services and Telecommunications appeared first on. Benefits of process orchestration for finance and telecom. Digital Transformation

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

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Now is the time for traditional insurance companies to embrace innovation

Venture Beast

Traditional insurance orgs need to seize this moment to leverage the power of their data and own the inevitable disruption of their sector. Read More.

European Predictions 2023: Insurance

Forrester Digital Transformation

Insurance firms in Europe will face considerable headwinds in the coming year. Age of the Customer insurance industry trends predictionsRead our predictions for how they will handle them.

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.

The Worsening Cyber Insurance Landscape: Top Survival Tips for Businesses

IT Toolbox

Cyber insurance helps businesses cover the costs associated with recovering from a cyber attack. However, rising insurance premiums are making it unaffordable for many. The post The Worsening Cyber Insurance Landscape: Top Survival Tips for Businesses appeared first on Spiceworks.

Evolving Business Risk Drives Embrace of New Insurance Tech

Information Week

Rising business and cyber risks are driving innovation and technology adoption in the insurance industry

Europe Predictions 2022: Insurance

Forrester Digital Transformation

Find out what Forrester predicts for insurance companies in 2022 and beyond. Europe financial services Insurance insurance industry trends predictions

Technology is Reinventing the Insurance Industry

GizModo VR

When most people think about insurance companies, they don’t immediately think of tech. insurance ust sears holdings vehicle insurance companies sudesh kannan allstate rosa go media studios technology internet meg walters rosa escandon analytics articles kokila nagaraj companies

Connected Insurance: Reality Or Hype?

Forrester - Business Intelligence

I speak often with clients about the role of technology in insurance. Of the many innovations we discuss, connected insurance may be the most polarizing. Connected insurance (CI) is nascent across most insurance lines.

Consumers question AI-driven insurance claims review

Venture Beast

According to a survey by Policygenius, consumers are reluctant to trust black-box AI systems that make insurance policy decisions. AI Big Data Cloud Data Enterprise Transportation VB Home Page ai artificial intelligence insurance machine learning policy Report Survey

Autonomous car insurance drives new opportunities

Venture Beast

Startups are emerging to take on the challenge of insuring autonomous cars, which pose new liability questions. Read More.

EvolutionIQ unveils its AI-driven tech to reduce the cost of insurance claims

Venture Beast

EvolutionIQ has developed what it calls the first human-in-the-loop, artificial intelligence for insurance claims guidance. Business ai funding insurance insurance claims Insurance tech

Science, applied: 3 ways AI and ML are advancing the insurance industry

Venture Beast

Insurance companies are implementing applications of data science to detect fraud and provide a personalized customer experience. AI VB Home Page artificial intelligence category-/Finance/Insurance insurance insurance industry machine learning

How AI regulation is developing in the insurance industry

Venture Beast

Some important takeaways from the National Association of Insurance Commissioners meeting in San Diego this week. AI Uncategorized VB Home Page AI regulation category-/Business & Industrial Insurance tech

Cyber Insurance Prices Continue to Rise

SecureWorld News

Cyber insurance is a topic that many industry professionals have an opinion on. No matter what side of the debate you land on, one thing is certain: the cost of cyber insurance has been rising for years and will likely continue to do so. cyber insurance rate changes.

Cowbell raises $100M to offer organizations continuous cyber insurance

Venture Beast

Continuous cyber insurance provides enterprises with a solution that can decrease the amount they spend on remediating cyber threats. 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

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

Top Four Themes From The Future Of Insurance In Europe, 2022

Forrester Digital Transformation

The four significant insurance themes that emerged from The Future of Insurance, Europe 2022 event. AI Insights insurance industry trends insurtech machine learning

Why to Rethink Liability Insurance for IT

Information Week

For years, companies have protected themselves with general liability insurance. But with the new range of cyber threats, IT has become part of the liability discussion

The Cyber Insurance Market in Flux

Information Week

With cyber-attacks on the rise, cyber insurance is becoming a necessity for many organizations. But costs are skyrocketing, and claims are being denied

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?

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.

Cybersecurity insurance provider Coalition nabs $205M

Venture Beast

Coalition, a startup offering cyber insurance alongside cybersecurity tools, has raised $205 million at a $3.5 billion valuation. Read More.

U.S. Insurers Wasted Millions on Ivermectin for Covid-19, Study Finds

GizModo VR

Researchers analyzing insurance claims data estimate that U.S. insurers have paid tens of millions of dollars for ivermectin as a covid-19 treatment, despite little good evidence that ivermectin does anything to treat or prevent the viral illness.

The Next Big Disruption to Healthcare: How HR Can Manage Health Insurance

IT Toolbox

Discover how digital technologies in healthcare are transforming health insurance. The post The Next Big Disruption to Healthcare: How HR Can Manage Health Insurance appeared first on. Strategic HR

Australian Health Insurer Medibank Loses ALL of Its Customer Data to Ransomware Attack

IT Toolbox

The post Australian Health Insurer Medibank Loses ALL of Its Customer Data to Ransomware Attack appeared first on Spiceworks.

How AI accelerates insurance claims processing

Venture Beast

Insurance companies have to conduct damage assessments and figure out the most efficient and lea… Read More. AI Business Data technology Transportation ai category-/Business & Industrial data analytics insurance

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.

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

Cyber Insurance's Battle With Cyberwarfare: An IW Special Report

Information Week

Cyber insurers are rejecting claims for damages caused by acts of cyberwar, which begs the question: what is "cyberwar"? As Russian-Ukrainian conflict reaches a fever pitch, CIOs and CISOs need an answer

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.

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.

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.

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.

Cyber insurance firm Resilience raises $80M to aid battle against ransomware

Venture Beast

Resilience says it offers more than just cyber insurance, with training and tools to help policy holders to defend against ransomware. Read More.

Cyber Insurance: What The Changing Power Dynamics Mean For You

Forrester Digital Transformation

Cyber insurance is only one component of a bigger enterprise cybersecurity risk management program. However, the cyber insurance market has been on a roller coaster, with skyrocketing premiums, changes in coverage, and a demand for policies that outweighs available supply.

Who’s Responsible For Cyber Insurance Policy Misrepresentations? It Depends.

Forrester Digital Transformation

On July 6, 2022, The Travelers Property Casualty Company of America (Travelers Insurance) filed a suit in Illinois Federal Court against International Control Services, Inc (ICS) asking for policy rescission and declaratory judgment against ICS. insurance industry trends risk management

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

Insurance industry being ravaged by high rate of cyberattacks

Tech Republic Security

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. Security

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