Digital Platforms

Tim Francis, enterprise cyber lead at Travelers, spoke with Digital Insurance about cybersecurity and steps businesses can take to reduce potential exposures.

The top five states have an average of 417.59 cybersecurity-related searches per month per 100k residents.

The top five states have an average of 603.94 cybersecurity-related searches per month per 100k residents.

A cyberattack at 12 MGM Resorts became a textbook case for cyber liability insurance.

The transaction is expected to close early next year.

Technology is enabling the creation of new products to enhance existing services and provide solutions to old problems.

The mobile app allows older adults to shop for final expense insurance with anonymity and product transparency.

The cost of a data breach has risen 15% over the last 3 years, and ransomware costs have jumped 13% in the last year.

While only 48% of startups believe they are likely to face a data breach or ransomware attack, the actual number affected is much higher.

Digital Insurance reached out to several insurance professionals to gain insight into what parametric insurance is, when it's triggered and how access to data plays a role.

Low-code platforms are a type of visual software development environment that empower professionals to create mobile or web applications with relative ease.

The insurer detected unusual activity in the network last week.

How does mentorship yield dividends for leading a major carrier's technology efforts?

Consent and preference management systems, catching on with insurance carriers to leverage customer data for marketing, have the potential to balance that with privacy regulation compliance, according to a Madison Advisors report.

The top three insurtech-owned carriers had more than $10 billion combined in direct premiums written.

Understanding what factors lead insurers to deny claims can help businesses avoid problems that could undermine their coverage.

A recent report from credit rating agency Moody's found organizations have increased their spending on cybersecurity by 70% over just four years.

Artificial intelligence is providing insurers with the tools they need to accurately model cyberattack scenarios and develop more precise risk assessments.

Blazes raged through more than 2,000 acres of wildland in recent months in his county deep in the woods of Oregon, where a wet climate once made forest fires unthinkable. That's an increasingly common scene around the world — from Canada to Greece, global warming has helped fuel larger and more destructive blazes, pushing firefighting services to the brink.

Insurance industry leaders must proactively develop risk mitigation strategies in order to optimize the use of Gen AI for insurers and their customers, alike

Climate change presents uncertainty for insurance companies but also creates opportunities for technological innovation

Large companies are most likely to hire for technology, underwriting and analytics roles over the next 12 months.

Chief underwriting officer finds ways to do more with technology and coverage of risks.

Plymouth Rock's VP of customer solutions focuses on improving communication.

The online attack that disrupted MGM Resorts International resorts and casinos across the country began with a social engineering breach of the company's information technology help desk, according to a cybersecurity executive familiar with the investigation.

The insurtech's Data Magnifier platform addresses the challenges of siloed data sources and complex data management through scalable data management solutions.

A California homeowner called out CSAA for taking aerial photographs of his backyard, then revoking his homeowners policy due to "clutter." Experts say such images are personally identifiable information protected by state privacy laws.

Google's cloud clients will be able to access Meta's Llama 2 large language model, as well as AI startup Anthropic's Claude 2 chatbot, to customize with enterprise data for their own apps and services.

Digital Insurance spoke with three actuaries about emerging technologies and the challenge of explainability within complex models.

AI-powered catastrophe and risk models use varied sources, including aerial imagery.

It can eliminate geographical barriers and allow teams to access and share data more freely.

Gen Z values employers with advanced technology solutions and remote work options.

Insurers are partnering with universities and college programs to create a more diverse and inclusive talent pipeline.

The release of two malicious language models — WormGPT and FraudGPT — demonstrate attackers' evolving capability to harness language models for criminal activities.

Carriers are building a talent pipeline through university programs and mentorships with partnered universities.

Companies that don't use the technology on average pay $1.76 million more and take 108 days longer to respond to incidents than firms that utilize it.

Analytics and agent-to-broker communications are becoming more popular applications for cloud data management. Marketing and automation applications haven't yet reached that kind of critical mass. Google and Amazon discuss their cloud services approaches.

Rebuilding artificial intelligence algorithms to explicitly integrate transparency and overcome black box limitations.

Roots Automation, Cowbell Insurance and Capitola are among the younger companies that have started using GPT technologies.

In a data breach at OpenAI, some ChatGPT users were able to see other users' financial data. In other cases, users have invoked their dead grandmothers to access information that should have been sealed off.

Data scientist Cathy O'Neil warns that insurance companies need more risk pooling.

In May, the California Department of Insurance sent surveys to property & casualty insurers, to get information about how insurers are using tools like big data, artificial intelligence and machine learning in their decision making processes.

Co-founders Anthony Marshi and Toby Hung recently secured $2 million in funding for a platform automating cyber insurance coverage focused on medium and large sized businesses.

In other news: Chewy expands pet insurance nationwide and Tokio Marine launches a market intelligence platform.

The Connecticut insurer has banned employees from using OpenAI's public ChatGPT system, but its chief information officer's team is experimenting with at least three use cases for large language models internally, and she has much more on her tech roadmap.

The dispute is over a cyber attack from 2014 through 2015 that potentially exposed personal information of patients at UCLA Health.

Predictive models are a tool to address a business problem, not a solution.

Baldwin Risk Partners has launched "Centers of Excellence"

Ransomware attacks soared last year, pushing demand for coverage after the pandemic-induced work-from-home era also made remote workers more vulnerable to digital attacks.

The concept car shown at VivaTech was put together in six month by some 100 engineers.

Digital platform automates building towers of business policies

A new research report from SMA examines core systems deals completed in 2022 from 18 of the top solution providers in the market today.