Data and information management

Insurers should look at governance policies, operations methods and modeling to pre-emptively keep bias and drift out of AI handling of underwriting and pricing, an expert on the technology recommends.

Thriving as an insurer requires technological adoption, adaptable cybersecurity measures and collaboration among other factors.

Willis Towers Watson's Sean Scranton responded to Digital Insurance questions about insurance companies' cybersecurity practices in relation to Gen AI.

Bad actors have already made use of the new technology to power cyber attacks. The insurance industry can use the same technology to proactively detect attacks, guard sensitive personal data and establish defense patterns and methods.

Prudential Financial Inc. said hackers gained access to some of its IT systems and user accounts associated with employees and contractors.

The worst three states had an average of 1,287 cyberattacks per 100,000 people in the five-year period from 2018-2022.

The SOA as well as more than 200 AI stakeholders will support the development and deployment of AI.

Customers with deferred compensation plans at the bank had personally identifiable information compromised through a third party, Infosys McCamish.

As insurers harness the power of connectivity, using data for informed decision-making will be a priority.

ONE platform links in professional liability, cyber risk and business coverage

Nationwide and Petco news, plus Chubb's StreamLabs launches Scout and more.

Financial institutions move slowly but they respond with greater urgency when there's a consequence to not adopting technology.

Katherine Heaton, a claims focus group leader at Beazley, spoke with Digital Insurance about the release of Google's Tracking Protection.

The insurtech provides solutions for internal and external data integration and automation.

Health insurers need to be careful that the AI systems they use create efficiency without introducing costly and unfortunate errors.

The Allianz Risk Barometer features the corporate concerns from over 3,000 risk managers worldwide.

Ford Pro Insure, RGA, Digital Owl news, and more.

Most of the legal filings accuse the title insurer and its subsidiary, LoanCare, of failing to protect the personal identifiable information of customers.

In a data-driven industry, AI can assist insurers in managing large amounts of information, create new products and accelerate decision-making.

In a connected world, cyber risks abound and understanding how to identify and mitigate them is vital to safeguarding online interactions.