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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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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

Insurance 119
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Building for operational resilience in the age of AI and hybrid cloud

IBM Big Data Hub

As hybrid cloud and generative AI adoption increases, data and applications are everywhere—across multiple clouds and vendors (SaaS/Fintech), on premises and even at the edge. Similarly, in the U.S.

Cloud 83
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Biden Cybersecurity Strategy: Big Ambitions, Big Obstacles

eSecurity Planet

The White House’s National Cybersecurity Strategy unveiled yesterday is an ambitious blueprint for improving U.S. ” Another key element of the plan is for the government to act as a backstop for the insurance market in event of “catastrophic events.”

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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. As AI technologies continues to mature and use cases expand, insurers should not shy from the technology.

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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 128
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Business leaders highlight the need for a hybrid cloud approach to unlock the power of generative AI

IBM Big Data Hub

The “ Cloud Transformation Report ,” a new global survey from the IBM Institute for Business Value (IBV), found that many leading enterprises share a common foundation to digital transformation—a clear hybrid cloud strategy.¹ For many organizations, the answer is a hybrid cloud approach.

Cloud 96