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News Alert: QBE North America launches new cyber insurance program with Converge

The Last Watchdog

New York, NY, July 27, 2023 – QBE North America today announced the launch of a cyber insurance program with new MGA, Converge, acting as program administrator. The program will be broken down into two separate distribution structures, each with a distinct revenue focus and cyber security data access formation.

Insurance 188
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How IBM and AWS are partnering to deliver the promise of AI for business

IBM Big Data Hub

The global AI market is projected to grow to USD 190 billion by 2025, increasing at a compound annual growth rate (CAGR) of 36.62% from 2022, according to Markets and Markets. Scaling AI in business presents unique challenges: Data accessibility : Fragmented and siloed data stifle advancement.

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VF Corp December data breach impacts 35 million customers

Security Affairs

backpack market with the JanSport, Dickies, Eastpak, Timberland, Smartwool, Vans, and The North Face brands. On December 13, 2023, VF Corp detected unauthorized access to a portion of its infrastructure. The incident interrupted retail store inventory replenishment and delayed order fulfillment. million customers.

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Data privacy examples

IBM Big Data Hub

An online retailer always gets users’ explicit consent before sharing customer data with its partners. Only administrators can access customer data on the backend. These access controls reduce the chances that the data is used for unauthorized or illegal purposes. The app heavily encrypts all user financial data.

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Worldwide Capture Software Market grows 11.3%

Info Source

the leading analyst firm covering the Capture Software market, reported that analysis of its annual Worldwide Market Survey showed that the Market for Capture Software experienced double-digit growth. . In 2017, the worldwide market grew by 11.3% HSA estimates the worth of the total available market for Capture 2.0

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New Payment Technologies Should Reduce Demand for Cyber Insurance

Hunton Privacy

Hunton & Williams Insurance Litigation & Counseling partner Lon Berk reports: As the demand for cyber insurance has skyrocketed, so too has the cost. New payment technologies, however, will change the need for this type of cyber insurance. As these payment technologies become prevalent in the U.S.,

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Digital Transformation in UK General Insurance: Where do MGAs fit in?

CGI

Digital Transformation in UK General Insurance: Where do MGAs fit in? A lot of attention has been drawn to the digital developments that are being undertaken by insurers in the direct marketplace, but whilst direct is an important market, transformation of the indirect channel is also deserving of more attention.