Risk

Insurers are adapting slowly but surely to a more digital marketplace, but regulators are keeping a close eye on data security and privacy concerns after high-profile breaches.

As digital processes continue to evolve, security remains one of the top priorities for IT executives.

Following several high-profile data breaches in 2015, insurers are ensuring they have a secure backbone for their innovation efforts.

Data analytics and business intelligence remain the top concern of most IT leaders heading into 2016 according to some recent studies, and that is placing greater attention on cloud computing and data security at many organizations.

More than two-thirds of organizations say there is a global shortage of skilled cyber security professionals.

Consumer concerns about liability could represent a roadblock to acceptance of driverless cars.

As carriers employ drones, IoT devices, and wearables, they must understand and address the potential exposures from theft of the related information.

Chuck Ruzicka last led the technology organization in the agency markets division of the carrier.

CIO Philip Fasano retains his role, while chief investment officer Douglas Dachille gains oversight for data science.

The company will move 300 positions in group operations out of Switzerland by the end of 2018 as part of the $1 billion cost reductions announced in May.