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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. For the insurance industry, working with clients to help them tackle these challenges is vital to ensuring businesses operate in as safe an environment as possible.

Risk 189
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How IBM and AWS are partnering to deliver the promise of AI for business

IBM Big Data Hub

According to a survey by the MIT Sloan Management Review, nearly 85% of executives believe generative AI will enable their companies to obtain or sustain a competitive advantage. One of the largest children clothing retailer in the US utilizes this solution to streamline its complex supply chain.

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Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1)

CGI

Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1). This year, we conducted in-person interviews with more than 1,300 client executives across 17 countries, including insurance business and IT executives. Extending the industry value chain (69%). p.butler@cgi.com.

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Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1)

CGI

Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1). This year, we conducted in-person interviews with more than 1,300 client executives across 17 countries, including insurance business and IT executives. Extending the industry value chain (69%). harini.kottees…. Change accelerators.

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Data privacy examples

IBM Big Data Hub

An online retailer always gets users’ explicit consent before sharing customer data with its partners. The Health Insurance Portability and Accountability Act (HIPAA) is a federal law that deals with how healthcare providers, insurance companies, and other businesses safeguard personal health information.

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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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62% of organisations unaware of the GDPR

IT Governance

There is an alarming lack of awareness across all industries about the EU General Data Protection Regulation (GDPR) , according to a government survey. The survey split respondents into businesses and charities. However, the least prepared sector is retail and wholesale, with only 13% of organisations having started.

GDPR 63