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Is Artificial Intelligence relevant to insurance?

IBM Big Data Hub

In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. Continued advancement in AI development has resulted today in a definition of AI which has several categories and characteristics. It offers customers and the insurer’s system to interact in a human-like manner.

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Ohio Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law

Data Matters

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”. O.R.C. §§ 3965.01, 3965.04.

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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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Data Breaches and Cyber Attacks in October 2023 – 867,072,315 Records Breached

IT Governance

Our monthly blogs will provide analysis of the data we’ve collected and we’ll continue to discuss the biggest breaches on our 2023 overview of publicly disclosed data breaches and cyber attacks. Of these incidents, 75% definitely involved data exfiltration.

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“An act of war”: Zurich American refuses to pay out on cyber insurance policy following NotPetya attack

IT Governance

US food giant Mondelez is suing insurance company Zurich American for denying a $100 million (£76 million) claim filed after the NotPetya attack. The UK government and the CIA blame the attack on Russian state-sponsored hackers, claiming it was the latest act in an ongoing feud between Russia and Ukraine. Was NotPetya an act of war?

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Data Intelligence and Its Role in Combating Covid-19

erwin

Managing and Governing Data From Lots of Disparate Sources. This data will be collected from organizations such as, the World Health Organization (WHO), the Centers for Disease Control (CDC), and state and local governments across the globe. These numerous data types and data sources most definitely weren’t designed to work together.

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The Week in Cyber Security and Data Privacy: 1 – 7 January 2024

IT Governance

million people was compromised, including names, addresses, dates of birth, Social Security numbers, taxpayer identification numbers, medical information, health insurance information, and billing and claims information. Only 1 definitely hasn’t had data breached. Information relating to nearly 4.5 Data breached: 4,452,782 records.