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The business value of operating core insurance solutions on the cloud

IBM Big Data Hub

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. NAIC Considers Comments to the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act . GCC Template and Instructions.

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List of data breaches and cyber attacks in July 2020 ­– 77 million records breached

IT Governance

Canadian insurer Heartland Farm Mutual says an employee’s email account breached (unknown). Brazilian health insurer Hapvida discloses cyber attack (unknown). Hackers stole GitHub and GitLab OAuth tokens from Git analytics firm Waydev (unknown). Philadelphia-based insurer Independence Blue Cross confirms data breach (2,393).

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Threat actors offer for sale data for 50 millions of Moscow drivers

Security Affairs

Threat actors are also offering a file containing information from 2020 to those that will buy the database. As a bonus to the purchase, a file with information from 2020 is offered. The database contains names, dates of birth, phone numbers, VIN-codes and numbers of cars, their brands and models, as well as the year of registration.

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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

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ABBYY Partners with Alteryx Extending the Alteryx Analytic Process Automation Platform with Deeper Process Intelligence

Info Source

6, 2020 – ABBYY , a Digital Intelligence company, announced today that it has partnered with Alteryx, Inc. NYSE: AYX), a leader in analytic process automation (APA ), to deliver process intelligence capabilities that complement the Alteryx Analytic Process Automation Platform. MILPITAS, Calif.,

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Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.