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The growing importance of dynamic pricing and rating in insurance

CGI

The growing importance of dynamic pricing and rating in insurance. On June 20, 2016, CGI held a roundtable discussion on dynamic rating and pricing in the insurance industry that involved nearly all major Dutch insurers. This is in contrast to the traditional cost-plus approach to pricing in the insurance industry.

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Global Scamdemic: Scams Become Number One Online Crime

Security Affairs

On June 10th, during the Digital Risk Summit 2021 online conference ( Amsterdam ), Group-IB presented its research on various fraudulent machinations, obtained thanks to neural networks and ML-based scorings of the Group-IB Digital Risk Protection System. Insurance companies around the world are now suffering from phishing.

Insiders

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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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Ready for Take-off: Rising Above Airport Cybersecurity Challenges

Thales Cloud Protection & Licensing

Challenges of identity management for airports Managing the operational complexity with the ever-present threat of security breaches is no small task for airports. Data sprawl Airports handle the identity records of a highly diverse population of employees, including hospitality, retail, security, and maintenance staff.

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The New Wave of Consumer Class Actions Targeting Retailers: What is the TCCWNA?

Hunton Privacy

The very acronym evokes head scratches and sighs of angst and frustration among many lawyers in the retail industry. But what is it and why has virtually every retailer been hit with a TCCWNA class action demand letter or lawsuit in the past few months? You have probably heard about it. You may have even been warned about it.

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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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Catches of the Month: Phishing Scams for July 2022

IT Governance

Incidents such as this and the OpenSea hack demonstrate the challenges that NFT trading presents. It added: “We are working with local law enforcement, GEMA, GBI, and insurance officials to recover the funds. Although many people are enticed into NFTs because the market is unregulated, that also creates major security risks.

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