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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. IRM and other risk management tools can offer vendor-specific risk frameworks; however, tools provide only a partial solution.

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NYDFS issues significant guidance on insurers using AI or external data

Data Protection Report

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing. Actual Actuarial Validity.

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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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What is Confidential Computing? Definition, Benefits, & Uses

eSecurity Planet

See the Best Third-Party Risk Management Software & Tools IoT data processing Internet of Things (IoT) devices generate massive amounts of data that are rarely stored in a secure fashion. Definition, Benefits, & Uses appeared first on eSecurityPlanet.

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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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Acuity Who? Attempts and Failures to Attribute 437GB of Breached Data

Troy Hunt

How I got to this resource is also interesting, having come by someone I was discussing the data with a couple of years ago: The YouTube video is a walkthrough of a campaign management tool to send emails to customers. Some more data points before going further: The files is named "ACUITY_MASTER_18062020.csv"

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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.