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Mitigating the impact of climate change in insurance and other financial services  

IBM Big Data Hub

In 2021, large-scale floods affected the European countries of Austria, Germany, Belgium, the Netherlands and Luxembourg, causing USD 43 billion worth of damage in addition to a tragic loss of life. According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million.

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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. The changes are effective December 31, 2021.

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Cyber Insurance and the Changing Global Risk Environment

Security Affairs

When security fails, cyber insurance can become crucial for ensuring continuity. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

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Ransomware Protection in 2021

eSecurity Planet

Also Read: Best Encryption Tools & Software for 2021. Forensic Analysis. We also look into the most dangerous strains today and predictions for 2021. Others go further in estimating ransomware will cost as much as $6 trillion per year starting in 2021 ( Cybersecurity Ventures ). Screenshot example. Statistics.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

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Global Capture & IDP Vertical Market Analysis

Info Source

For example, an auto insurance claim often involves an e-form for the FNOL, plus paper based or digital documents covering the police report and the assessment of the repair shop but also photos or video documentation of the damage. RPA vendors, as well as ISVs with native AI platforms, primarily target similar use cases.

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Top MDR Services for 2021

eSecurity Planet

Here is our list of the top MDR services for 2021. Rapid7 Managed Detection and Response services use a variety of solutions for detecting advanced threats , including proprietary threat intelligence technology, human experts, analysis and behavioral analytics. Then in 2021 it acquired the Israeli Kubernetes security company Alcide.IO

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