Risk

A PwC report asserts that technology is both improving and introducing greater risk into insurers’ actuarial models.

Rochester, N.Y.-based Excellus Blue Cross Blue Shield was hacked at least twice going back to 2013.

American International Group Inc. and Axis Capital Holdings Ltd. are among insurers for the company that owns AshleyMadison.com, the adultery website hacked in a breach that exposed more than 37 million users, people familiar with the policies said.

The takeover adds to a flurry of deals: Japan’s Sumitomo Life Insurance Co. and Meiji Yasuda Life Insurance Co. agreed to buy U.S. firms in the past two months.

The Canadian insurer is allowing customers and advisors to opt for voice recognition over manual password entry in the contact center.

Managing reinsurance policies and claims with spreadsheet software is error-prone, slow and labor-intensive; regulatory compliance is difficult, and legitimate claims can slip through.

Coventry First LLC illegally marked up prices on hundreds of investments that bet on when people would die, an American International Group Inc. unit said at the start of a fraud trial in New York.

To combat security issues, most organizations still depend on alerts and actual incidents. But that approach can lead to faulty data analysis.

Insurance companies face increasingly sophisticated cybersecurity challenges. Here's what leaders at major companies are doing to solve them.

What we learn about securing data and communications from the Department of Defense.