Digital Platforms

As home prices rise, leading to larger transaction amounts, Certifid doubled the amount of wire fraud insurance coverage provided for transfers it vets.

Business owners curious about their cyber vulnerabilities should consider taking action.

Recognized as one of the leading global insurtechs of 2024, KYND helps demystify complex cyber risk analysis.

Insurers are turning to new technologies and services to make cyber resilience part of their cyber insurance program.

A Nationwide survey suggests independent insurance agents are embracing artificial intelligence to enhance customer experience.

Companies need to work with insurance providers to develop an approach to cyber risk management that is affordable and effective.

With increasingly connected technology and networks, businesses need to monitor and manage their growing cyber vulnerabilities.

Banks are concerned about the lack of clarity regarding legal liability in the Consumer Financial Protection Bureau's open banking rule, and fear that they will end up on the hook for data breaches or unauthorized transactions caused by a fintech or data provider.

Avoiding these common training errors can help ensure that exercises are effective.

While financial institutions continue to recover from the widespread tech disruption, executives are asking what effective fix-it plans might look like during future events.

Artificial intelligence tops insurance executives' priorities, with over 50% citing it as a key focus. However, challenges remain in AI preparedness and workforce reskilling.

Bloomberg Green found in an exclusive analysis that risk models often disagree with each other on fundamental assessments of vulnerability.

Just as cyberattackers appear to be applying the technology to create identities for fraudulent claims, insurers are beginning to talk about how to deploy it to defend against this threat. Gartner, American Family and the Intentional Futures consultancy describe these developments.

Life insurers can only maintain policyholder' trust if holistic cybersecurity solutions are put in place.

Online information creates new opportunities to identify fraud while fraudsters use technology to challenge claims workflows.

The vast majority of damages from last month's CrowdStrike Holdings Inc.'s global IT outage will go uninsured, according to new estimates from Guy Carpenter and CyberCube Analytics Inc.

Humana expands partnership with Google; Arch acquires Allianz MidCorp and Entertainment insurance business; Coalition introduces active cyber insurance in Germany and more insurtech news.

Tamar Shapiro will join MetLife as chief data and analytics officer and Dan Antilley will be the chief information security officer.

The CrowdStrike update debacle continues as businesses file claims under their cyber and insurer Parametrix estimates $5.4B in losses.

A failed software update affected businesses worldwide, but what role will insurance play in covering the anticipated losses?

Marsh, the world's largest insurance brokerage, said that dozens of its clients are preparing to file claims in the wake of a global computing outage that disrupted airlines, banks and government agencies.

In today's hybrid work environment, companies must consider the impact of cyber risks and equip their teams accordingly.

Disputes about insurance liability for cybersecurity software failures bring up possibilities for public policy and regulation.

A cyber breach can cost the average U.S. business $9.48 million and affect its reputation.

Insurers that provide services within the EU or partner with EU-based financial services firms or vendors must comply with the Digital Operational Resilience Act if they exceed the applicable threshold.

Insurers are introducing AI-driven technology and historical data analysis to combat the costly impacts of climate risks.

Complexities in coverage that is offered, along with cost, keeps some from having adequate or even any coverage.

Recent high-profile incidents show how cybercrime crews are increasingly turning to more sinister techniques to try to bend major companies to their will, abetted by new technology.

Adam Lantrip, SVP, professional and cyber solutions practice leader at CAC Specialty, shares how businesses can defend themselves and ensure adequate coverage in the event of a breach.

The challenges to digital transformation value realization are deeply ingrained in the structural and cultural fabric of insurance organizations.

Boateng will lead the organization's cyber risk management strategies.

UnitedHealth Group Inc.'s claims that it had made progress fixing some systems in the weeks after a crippling cyberattack frustrated state health officials who said they were still having problems.

MassMutual's new head of product and Beazley's head of U.S. cyber, plus more career moves.

The hacking group accused of disrupting casinos and hotels at MGM Resorts International last year is engaged in a new campaign targeting banks and insurance companies, according to cybersecurity researchers.

The risk of state-sponsored cyberattacks and new legislation are changing the cyber risk landscape.

Applying AI to insurance claims processing improves its predictive analytics, use of predictive models and control of costs.

Almost 80% of survey respondents were very dissatisfied with the current political climate.

Ariel Re, Hiscox cyber consortium; Swiss Re Gen AI underwriting assistant; Liberty Mutual Reinsurance announced a partnership with Safehub and more insurtech news.

By collaborating, cybersecurity professionals and insurance providers can share insights, best practices, and trends in cyberthreats, creating a more secure environment for all.

With almost half of the cyberattacks focusing on small businesses, AI can help identify vulnerabilities and mitigate some risks.

The integration of geospatial data with advanced analytics streamlines insurer operations by enhancing underwriting and claims processing into a single coherent framework.

Cyber insurance is transitioning from a specialized offering to an essential product.

State Farm and Ting expands safety program to 2 million homes and HSB, part of Munich Re, launches cyber insurance for cars.

Allison Arzeno of Assurance IQ A shares how GenAI is affecting the insurance process, and discusses job opportunities in the industry and the increased role of technology.

Insurers covering cybersecurity risks transfer significant liability to their books in a rapidly changing landscape.

The cyberattack on a UnitedHealth Group Inc. data service is making it harder for health insurers across the industry to gauge their medical care expenses, Humana Inc. executives said Tuesday.

A byproduct of insurance modernization is the creation of increasingly complex tech stacks and application integration.

A new report from Arizent's research team examines technology adoption and investment for insurers.

Social engineering fraud is evolving, and scammers have improved how they manipulate human behavior.

These cyber threats will continue to evolve and pose risks for insurers and their policyholders.

The best three states had an average of 389 cyberattacks per 100,000 people in the five-year period from 2018-2022.

Increased cyberattack risks due to Gen AI is convincing many types of commercial enterprises to get cybersecurity insurance coverage.