Insurance leaders say today’s risk environment is creating challenges that are more difficult to predict than ever before. This is leading insurers to rethink how they assess risk and make the right decisions without sacrificing speed and efficiency. “Risk is …
As artificial intelligence and automation become faster and more precise, insurance industry leaders are finding that the differentiator isn’t just better technology but how the people behind the technology are using it. That’s according to experts at InsurTech New York’s …
Embracing artificial intelligence in insurance is a race, but one that experts describe as a race to the starting rather than the finish line. “I think this is sort of a race to the starting line,” said Indico Data CEO …
As the world’s digital ecosystem has grown and become more complex, Trent Frazier, deputy assistant director in the stakeholder engagement division at CISA, or the Cybersecurity and Infrastructure Security Agency, said on this episode of The Insuring Cyber Podcast that …
While technology is continuing to evolve and provide many benefits to insurers and their customers, one concern is that growing connectivity and dependence on technology means a single cyber event could simultaneously impact a large number of businesses. This is …
Consistency within cyber insurance policies is something the industry has been grappling with for nearly a decade, according to speakers at the annual RIMS Riskworld conference, held this year in Atlanta, but the industry is beginning to see a light …
While the continuously evolving cyber threat landscape is a growing problem for insurers, experts on this episode of The Insuring Cyber Podcast say it’s not an insurmountable one, and empathy and thoughtfulness will be key as insurers seek to tackle …
One of the most important things insurance companies and employees alike can do to achieve success is stay curious, experts said on this episode of The Insuring Cyber Podcast. “Make curiosity a sought after quality when interviewing for any position,” …
Online retailers will need to remain as resilient as possible to combat increasing cyber crime in the wake of a pandemic surge in online shopping, according to David Emm, senior security researcher at cybersecurity provider Kaspersky, on this episode of …
Embedded insurance – a concept in which insurance is wrapped into the purchase of a product at the point of sale – could exceed $70 billion in premium by 2030, according a new report by Conning. This is on par …