64 How Cyber Insurance Is Changing in the GDPR Era
Data Breach Today
NOVEMBER 7, 2018
Insurance Related Topics 
Cybersecurity Insurance
Schneier on Security
APRIL 12, 2018
Good article about how difficult it is to insure an organization against Internet attacks, and how expensive the insurance is. In my new book -- out in September -- I write: There are challenges to creating these new insurance products. There are two basic models for insurance.
Trending Sources
8 Top Cyber Insurance Vendors
eSecurity Planet
NOVEMBER 9, 2018
Cyber insurance is one more way to manage cybersecurity risk. Here are the top cyber insurance vendors that can help
Apple, Cisco Strike Partnerships for Cyber Insurance
Data Breach Today
FEBRUARY 6, 2018
Policies Offer Incentives for Good Information Security Practices Apple and Cisco say they've partnered with insurers Aon and Allianz to offer cyber insurance policies for organizations that meet best security practices and use products from the technology companies.
Cybersecurity Insurance: How Underwriting Is Changing
Data Breach Today
JUNE 18, 2018
Cybersecurity insurers, faced with growing demand, are looking for new ways to better measure their risks, says Aleksandr Yampolskiy, CEO of SecurityScorecard. So some are moving toward more carefully scrutinizing the cybersecurity postures of their potential clients
Hunton Insurance Head Comments on Hotel Data Breach Coverage Dispute
Hunton Privacy
OCTOBER 10, 2018
As reported on the Insurance Recovery Blog , Hunton Andrews Kurth insurance practice head Walter Andrews recently commented to the Global Data Review regarding the infirmities underlying an Orlando, Florida federal district court’s ruling that an insurer does not have to defend its insured for damage caused by a third-party data breach. To me, it’s clear that there were two reasonable interpretations of the insurance policy here.”.
Insurance Occurrence Assurance?
Andrew Hay
JULY 26, 2018
Though the breaches are concerning, the real story is that the financial institution suing its insurance provider for refusing to fully cover the losses. This, unfortunately, is the nature of insurance. News ciso cyber insurance cyber security insurance security security program
Property and Casualty Insurance needs modernizing
OpenText Information Management
NOVEMBER 13, 2017
Last year when I was in the process of buying a new house for my family, a home owners insurance company approached me and offered a good insurance policy. It was about the same price as others … The post Property and Casualty Insurance needs modernizing appeared first on OpenText Blogs. Business Process Management Information Management case management Insurance OpenText Process Suite 16 P&C insurance Property and Casualty Insurance
How Hanzo Is Helping in the Fight Against Insurance Fraud
Hanzo Learning Center
OCTOBER 1, 2018
Insurance companies don’t always inspire a great deal of sympathy; after all, who enjoys paying their car insurance premium? But insurance companies are engaged in a war. insurance fraud
[Guide] 2018 State of the Insurance Industry
Perficient Data & Analytics
APRIL 25, 2018
Creating value for customers, employees, partners, and shareholders has always been the core objective of insurance companies. Our new guide highlights the: State of the insurance industry based on our own insights, as well as those from leaders in the space. Most significant challenges diversified insurance, life insurance, and property and casualty insurance companies face and how they are solving them.
Insurance data compromised at Minnesota Department of Human Services
Information Management Resources
OCTOBER 16, 2018
About 21,000 individuals receiving health insurance through the Minnesota Department of Human Services are affected by a potential breach. Data breaches Phishing Identity theft protection Insurance
Embracing Strategic Initiatives in the Insurance Industry
Perficient Data & Analytics
MAY 8, 2018
Today, insurance companies remain heavily focused on growth, productivity, and efficiency. The answers to these big questions lie in the strategic initiatives that insurance companies must embrace to move their business forward. To learn about them, download our new guide: 2018 State of the Insurance Industry. That is, how can they generate more revenue and increase profitability? How can they get a bigger piece of the pie in a market that offers customers so many options?
7 digital customer experience trends in insurance
Information Management Resources
MARCH 26, 2018
SMA sees significant spending and shifts in personal lines projects that are aimed at aligning insurers’ strategies to transformation and growth. Customer experience Insurance technology Property and casualty insurance Investment strategies Customer-centricity Core systems Artificial intelligence Strategy Meets Action
Insurers need to formalize IoT strategy
Information Management Resources
MARCH 21, 2018
Telematics Internet of things Connected cars Connected home Growth strategies Big data Claims Property and casualty insurance Life insurance LexisNexisFour out of five carriers don't have a plan for collecting, analyzing or securing the flood of data from connected devices, according to LexisNexis survey.
ONE Insurance, Munich Re team up for personalized insurance
Information Management Resources
JULY 19, 2018
Sensor data Usage-based insurance Customer data Customer-centricity Munich ReThe ONE Coach platform will use sensor data to identify opportunities for risk-management products tailored to the customer.
Group-IB and CryptoIns introduce the world’s first insurance against cyber threats for cryptocurrency exchanges
Security Affairs
NOVEMBER 6, 2018
Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. Group-IB, an international company that specializes in preventing cyber attacks, and a Swiss insurance broker ASPIS SA that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges cybersecurity, allowing the exchanges’ clients to ensure their assets.
Enabling Key Stakeholders in the Insurance Industry
Perficient Data & Analytics
JUNE 5, 2018
Ensuring that agents and brokers have the best tools to evaluate and close opportunities can be a real differentiator for insurance companies. — To learn what else is driving growth, productivity, and efficiency, download our new guide: 2018 State of the Insurance Industry.
Transforming With Optimism in the Insurance Industry
Perficient Data & Analytics
MAY 1, 2018
Mario Greco, CEO of Zurich Insurance Group, one of the world’s largest insurance companies, sat down with CNBC following the release of the company’s Q4 2017 earnings. Even after a year full of natural disasters (2017 happens to be the costliest year on record for the global insurance industry) and the potential financial burden (i.e., more claims) that climate change can place on insurers moving forward, the overall feeling about the future is optimistic.
How the top 15 car insurers are going digital
Information Management Resources
MARCH 20, 2018
Digital Insurance takes a look at the auto insurance carriers with the biggest U.S. Auto insurance Insurtech State Farm Allstate Nationwide Progressive Liberty Mutual Farmers Insurance GEICO Travelersmarket presence and their recent technological initiatives.
Investing in Technology Across the Board in Insurance
Perficient Data & Analytics
MAY 22, 2018
— To learn what else is driving growth, productivity, and efficiency, download our new guide: 2018 State of the Insurance Industry. Technology investment is an essential component of most strategic growth and operational efficiency initiatives. Technology comes in two parts. There’s the front-end technology that customers experience. There’s also the back-end technology that other stakeholders (i.e.,
3 leading AI concerns for insurers
Information Management Resources
NOVEMBER 7, 2018
For AI in insurance, the conversations have moved beyond the use cases and on to the pragmatic details. Artificial intelligence Machine learning
Arron Banks, the insurers and my strange data trail
The Guardian Data Protection
APRIL 21, 2018
Carole Cadwalladr just wanted to insure her car. In fact, I had no idea about either the question or the answer when I submitted a “subject access request” to Eldon Insurance Services in December last year. Data protection Data and computer security Brexit Cambridge Analytica Insurance industry Insurance Twitter InternetSix months later, she found a mass of personal details held by a firm she had never contacted that is run by Leave.EU’s s biggest donor, Arron Banks.
3 large health insurers, 2 vendors begin test of blockchain
Information Management Resources
APRIL 3, 2018
Blockchain Distributed ledger technology Health insurancePilot program to use the emerging technology to validate info in provider directories, says Mike Jacobs.
Marsh explores blockchain applications with proof of insurance
Information Management Resources
APRIL 30, 2018
The commercial insurance broker's pilot, in partnership with IBM and ACORD, is the second such initiative in the P&C sector. Blockchain Brokers Claims Underwriting Risk management Insurance technology Marsh & McLennan Nationwide AIG
Bankrupt Cancer Clinic Chain's Insurer to Cover Breach Fine
Data Breach Today
DECEMBER 19, 2017
21st Century Oncology Faces More Than $29 Million in Penalties in Two Settlements In an usual move, federal regulators have made arrangements to have a cyber insurer cover a $2.3
14 top home insurance companies' smart-tech initiatives
Information Management Resources
APRIL 24, 2018
Homeowners insurance Analytics Internet of things Big data Data security Allstate State Farm Nationwide Progressive Farmers Insurance Liberty MutualA look at how leading property carriers are leveraging connected devices to improve the customer experience.
Incumbent insurers’ advantage: Terabytes of data
Information Management Resources
FEBRUARY 28, 2018
Insurtech Data warehouses Insurance Drones Blockchain Digital distribution AmTrustCarriers who develop internal innovation capabilities can outrun disruptors thanks to industry knowledge and information resources.
How Cyber Insurance Changes the Conversation Around Risk
Threatpost
JULY 19, 2018
In this InfoSec Insider cyber insurance expert Nick Sanna discusses how to balance threat exposures and protecting assets with insurance against hacking, breaches and vulnerabilities. Hacks Vulnerabilities Web Security Cyber Insurance Factor Analysis of Information Risk Maersk NotPetya
Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats
The Security Ledger
OCTOBER 23, 2018
In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. The insurance was dirt cheap. Are insurers ready?
Data of 75,000 at risk after breach of federal insurance exchanges
Information Management Resources
OCTOBER 23, 2018
The Centers for Medicare and Medicaid Services is reporting unauthorized access to consumer data in systems that support federal insurance exchanges. Data breaches Cyber security Data security Federal health insurance exchanges
Spurring Growth Initiatives Through Tax Reform in Insurance
Perficient Data & Analytics
JUNE 12, 2018
has created a jubilant atmosphere, as the rates are generally expected to boost earnings and investments for many insurers. — To learn what else is driving growth, productivity, and efficiency, download our new guide: 2018 State of the Insurance Industry. Recent months have seen many discussions and questions about tax reform and its impact on the industry as a whole. The introduction of lower corporate tax rates in the U.S.
Attracting and Cultivating Customers in the Insurance Industry
Perficient Data & Analytics
MAY 29, 2018
In a digital and mobile era, insurance companies must cater to customers’ demands and expectations by providing fast and frequent communication, access to more digestible and transparent information, and, of course, convenience. — To learn what else is driving growth, productivity, and efficiency, download our new guide: 2018 State of the Insurance Industry.
Insurers must think strategically about AI
Information Management Resources
NOVEMBER 16, 2018
While most executives expect AI to have a transformative impact on economic growth and competitiveness, executives may need to temper near-term expectations. Artificial intelligence Machine learning Data strategy
Insurance data is a value-add in healthcare M&A frenzy
Information Management Resources
APRIL 8, 2018
Retailers mull acquisition of health insurers, with their information assets and analytics prowess as potential prizes. Insurance M&A Integrations Pharmacy benefit management Retail industry Patient engagement
How Travelers is reinventing homeowners' insurance with data
Information Management Resources
MARCH 7, 2018
The carrier is incorporating more third-party and sensor data into its new home coverage products, says SVP of personal insurance. Claims Connected home Homeowners insurance Customer data Customer experience Digital distribution Sensor data Vendor management Travelers
How life insurers can kick-start digitalization efforts
Information Management Resources
JUNE 10, 2018
Digital currencies Customer-centricity Customer experience Customer data Customer service Life insurance JD PowerCarriers in the business need to keep up with rapidly advancing customer expectations.
How insurers can get the most out of digital transformation
Information Management Resources
MARCH 20, 2018
Insurance technology C-suite Customer-centricity Underwriting Predictive analytics Big data Claims McKinsey & CompanyBusiness-wide transformation begins with a thorough diagnostic of competitive strengths and challenges that enables leaders to prioritize where they want to start.
[FastCompany] AI Battles Insurance Fraud
Hanzo Learning Center
JUNE 27, 2018
Hanzo was featured in FastCompany, discussing AI in the war on Insurance Fraud. Click below for the full article. News Investigations
Westfield Insurance offers new BI tool to small businesses
Information Management Resources
DECEMBER 15, 2017
Commercial insurer partners with insurtech SizeUp, helping entrepreneurs maximize profits. Business intelligence Small business Big data Customer data People analytics Vendor management Insurtech Westfield Insurance Plug and Play
South Carolina Becomes the First State to Enact the National Association of Insurance Commissioners (NAIC) Insurance Data Security Model Law
Data Matters
JULY 30, 2018
In October 2017, the National Association of Insurance Commissioners (NAIC) adopted an Insurance Data Security Model Law. On May 3, 2018, South Carolina became the first state to enact this Model Law, in the form of the South Carolina Insurance Data Security Act (H.B. By doing so, South Carolina joined Connecticut and New York as states with cybersecurity regulations for insurance companies.
The data age of insurance is here: USAA analytics leader
Information Management Resources
MAY 20, 2018
Customer-centricity Customer experience Internet of things Augmented reality Virtual assistants Claims Usage-based insurance Smartphones Connected home USAACarriers must compete on insights from consumer information, not just the convenience of digital-app services.
Project spotlight: Freeing up space at Banner Life Insurance Company
TAB OnRecord
OCTOBER 26, 2017
The post Project spotlight: Freeing up space at Banner Life Insurance Company appeared first on TAB Records Management Blog | TAB OnRecord. If you could use your space to help generate revenue instead of storing files, would you? Of course you would.
Digital Preservation -- High Stakes for Finance and Insurance Companies
AIIM
FEBRUARY 22, 2018
In a recent AIIM survey, 85% of finance and insurance executives said that digital preservation was “important” or “very important” to their organizations – even higher than the 77% reported in other industries. Why is it particularly important in finance and insurance? digital preservation finance Banking insurance
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