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The risks and limitations of AI in insurance

IBM Big Data Hub

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. Technological risk—data confidentiality The chief technological risk is the matter of data confidentiality.

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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.

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What Is Integrated Risk Management? Definition & Implementation

eSecurity Planet

In our examples, the clothing brand secures a segregated design team with physical locks on the doors, extra computer security to prevent digital theft, and a backup solution for their marketing data. The design company will install surveillance cameras and data loss prevention (DLP) technology to monitor physical and digital theft attempts.

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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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Scanning for Flaws, Scoring for Security

Krebs on Security

Is it fair to judge an organization’s information security posture simply by looking at its Internet-facing assets for weaknesses commonly sought after and exploited by attackers, such as outdated software or accidentally exposed data and devices? The October analysis by the Chamber and FICO gives U.S.

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CCPA Marches On: California Attorney General Proposes Further Revisions to CCPA Regulations, Industry Pleads for Enforcement Delay Amid COVID-19 Crisis

Data Matters

Among other disclosure requirements, privacy policies must identify (i) the categories of sources from which personal information is collected from consumers, and (ii) the business or commercial purpose for collecting or selling personal information.

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How to build a successful risk mitigation strategy

IBM Big Data Hub

Compliance risk: When an organization violates rules both internal and external, putting its reputation or finances at risk. This strategy shifts the risk from the organization onto another party; in many cases, the risk shifts to an insurance company. Risk transfer: Risk transfer involves passing the risk to a third party.

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