Digital Platforms

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.

The shortcomings of emerging "climate services" are concerning to some observers.

Incomplete auto and property policy information contributed to a spike of losses in 2022

GEICO scored first overall in the semi-annual Mobile Insurance Scorecard.

A consortium of financial companies said premiums are rising despite a relatively low level of overall risk, causing some banks to reconsider their policies.

Learning to adapt to new challenges, building the right team and creating a direct strategy and vision are critical to success.

Non-traditional approaches to insurance that SMEs should consider to protect their businesses from new and evolving risks.

We expect the absolute growth of this market to be a key factor encouraging more investor participation.

Companies with websites are working through privacy requirements and to be web compliant.

The "Active Cyber Risk Model," would give insurers an overview of their potential losses as a way to better target sales of their policies.

A survey found that nearly half of employees need training for emerging AI technologies in order to do their job well.

Deloitte announced the launch of GreenLight Solution, an enterprise decarbonization Software as a Service (SaaS) solution.

TransUnion report cites inflation, premium costs as the reason for an increased rise in shopping.

The Biden administration is set to release an aggressive new national cybersecurity strategy.

Financial services firms are focusing on essential risk-related priorities, but must not lose sight of the importance of innovative technologies that drive business forward.

The cyber insurance market is primed for growth

Digital Insurance spoke with Tom Power, senior vice president, financial lines practice, CAC Specialty

Tips for appraising solutions that deliver the right combination.

The workplace in insurance today bears little resemblance to what it was just a few years ago, as the latest cultural shifts alter the landscape.

Workers' comp insurance is a costly business, so it's no surprise that firms are constantly looking at new ways to make the workplace safer for their employees.

Gartner survey finds modernizing applications a great concern for carriers, along with data analytics.

Artificial intelligence is now at the point where it can code sophisticated custom malware, but cybersecurity pros see great potential for both attack and defense.

Widespread digitalization creates more opportunities for bad actors to manipulate insurance services.

The broking practice will specialize in cyber and management liabilities

The Federal Deposit Insurance Corp.'s Office of Inspector General found a number of weaknesses in the agency's cyber risk examination program.

Also: News from Progressive, Sentry Insurance, Millennial Specialty and more

Consider introducing specific touch points and service level expectations.

The idea is to use advanced analytics to drive innovation and create actionable insights throughout the insurance lifecycle.

A standalone cyber policy is now a must-have for more and more small businesses, and even large enterprises.

Insurance companies that best leverage data-driven technology solutions to predict and understand the intricate morass of new risks will position themselves to succeed.

Insurers can gain deeper insight into risks.

The speciality insurer has introduced a new cybersecurity tool through IronSDN and solutions for electrical and equipment risks with Schneider Electric.

Hacks of banks, credit unions and insurance companies compromised the data of millions of consumers, who filed a flurry of class actions in response.

Alongside extreme weather events, issues like affordability and risk perception contribute to the lack of insurance protection.

Applying AI technology moves slowly, but has potential to produce more sophisticated insights

The conversion process can be fraught with integration complexities.

With a wealth of data at their disposal via the Internet of Things, insurers are exploring the multiple ways the technology can help advance their business.

The National Flood Insurance Program is a primary source of flood insurance but Risk Rating 2.0, could change that.

Data issues hinder the member experience and cause premium loss for carriers.

Practically every appliance and electronic device you have plugged in at home is using some electricity.

Both have a mutual goal of keeping systems secure and their customers' information private.

The predictive model is powered by AI analysis based on data from over 1,500 wildfire losses.

There's a growing collective effort by national regulators, state governments, insurers and banks to address impacts of a warming planet.

Transformational technologies will also be critical in advancing personal lines underwriting, with 81% of insurers saying they are pushing transformation forward.