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What Is Integrated Risk Management? Definition & Implementation

eSecurity Planet

For example, the Health Insurance Portability and Accountability Act (HIPAA) regulates personal health information and imposes fines for data breach or data inaccessibility. Stakeholders should brainstorm how to manage risk through controls, process changes, insurance, or business decisions such as “stop taking credit cards for payment.”

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Is Artificial Intelligence relevant to insurance?

IBM Big Data Hub

That ground-shaking event divided the world with excitement and trepidation about a future with thinking machines. In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. The early versions of AI were capable of predictive modelling (e.g., It has taken the world by storm.

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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. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

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The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

Definition and Purpose of a Records Retention Schedule. These records are typically organized by grouping them by function or department and then described as either an individual record or grouped together into a record category. 8 This is the GDPR definition and other countries have similar broad definitions of personal data.

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Written IT Security Policies: Why You Need Them & How to Create Them

eSecurity Planet

IT practitioners sometimes become confused about the definition of a security policy because security practitioners use the word “policy” as terminology for two very different purposes: Implemented IT policies incorporated into operating system, firewall, or network rules. Written Policies vs. Implemented IT Policies. Implemented IT policies.

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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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Amended Colorado Bill Aims to Enhance Data Privacy Laws

Data Protection Report

The proposed bill overlaps with the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and state privacy laws. The amended bill further expands the definition of “personal information” to include student, military, or passport identification numbers.