Advancing Analytics

MAY 14, 2022

It was a great opportunity to catch up with the best and the brightest in the Insurance and Brokerage business. There were fantastic talks on the direction of the industry, and one are which is getting a lot of attention it the application of AI and Machine Learning to Insurance. Who is at fault based on all the collected information?

Insurance 64

Insurance Insurance Financial Services Evaluation 64

Risk Management Monitor

FEBRUARY 2, 2023

To that end, the National African American Insurance Association (NAAIA) recently updated its research on its members’ experiences and challenges in the insurance industry, releasing the new study The Next Steps on the Journey: Has Anything Changed?

Insurance 40

Insurance Insurance Activation Evaluation 40

Scott R. Davis

APRIL 24, 2023

Cyber insurance policy insurers are following suit with new multi-page questionnaires outlining what your potential risk is to determine your coverages and premium or in some cases now the denial of your coverage. If you’re not looking into these yet, the days are numbered and soon you will be forced too.

Cybersecurity 130

Cybersecurity Insurance Insurance Telecommunications 130

Scott R. Davis

OCTOBER 12, 2023

"So much of it is common sense but what the cyber attacker relies on is the emotional advantage that I can gain over a person, if you look back at COVID or a natural disaster the need to know information bypasses our root cause of ‘should i click it to get me to click that link,'" said Davis. Secure your personal information.

Insurance 130

Insurance Insurance Manufacturing Cybersecurity 130

National Fire Protection Association

AUGUST 8, 2022

Although functional to carry out warehouse operations, there is little information on how these walkway and mezzanine installations impact current storage protection requirements. For more information, a summary of this project is available here. Any information provided through this survey is completely anonymous.

Insurance 52

Insurance Insurance Management 52

Pure Storage

MAY 1, 2024

That alone can be a body blow to the budget of resource-strapped schools or school systems, especially if they don’t have cyber insurance. For example, you may view your current backup systems as an insurance policy against major disruptions like a ransomware attack. But that is false confidence.

Education 98

Education Backup Insurance Insurance 98

Chisel AI

SEPTEMBER 29, 2021

Commercial lines submissions require intensive manual effort to gather information from emails and multiple attachments before an underwriter can assess the risk.

Insurance 83

Insurance Insurance 83

Security Industry Association

MAY 7, 2024

SIA’s Built Environment Advisory Board defined proptech , or property technology in its long form, as “Technology connecting people and information to simplify how commercial real estate is owned, sold, managed, operated, researched, rented or bought and invested in.” Change can be scary but is a natural part of us continually evolving.

Security 59

Security Insurance Insurance Technology 59

Risk Management Monitor

SEPTEMBER 30, 2022

While it is too early for complete estimates, ratings agency DBRS Morningstar projected the insured losses may fall in the range of $300 million to $700 million. According to Patrick Douville, DBRS’s vice president of insurance, “ Fiona will likely be one of the largest catastrophic events in history for Atlantic Canada.”.

Insurance 75

Insurance Insurance Disaster Recovery Risk Management 75

Chisel AI

MARCH 15, 2022

Insurance underwriting has come to a crossroads. The digital and information revolution that started a generation ago has now created pain points within insurance that will need to be solved yesterday.

Evaluation 71

Evaluation Insurance Insurance 71

CCEM Strategies

NOVEMBER 9, 2023

1 Of the top 10 most expensive natural disasters in terms of insurance payouts in Canada, floods are responsible for four. The Insurance Bureau of Canada states that the insured damage of this event was $675 million. For more information,  contact us  and we’ll be happy to set up a meeting and talk through what we offer.

Emergency Planning 52

Emergency Planning Insurance Insurance Damage Assessment 52

Pure Storage

FEBRUARY 16, 2024

Data compliance rules have become tighter—and depending on the business you’re in, so have government regulations around the use and retention of sensitive personal information. Cyber insurance could get shaky. Risk assessment in the cyber insurance world is a moving target, something that underwriters don’t like very much.

Security 128

Security Insurance Insurance Government 128

Online Computers

MARCH 14, 2024

Patient data, containing sensitive information ranging from medical histories to insurance details, has become a lucrative target for cybercriminals. The significance of patient data Patient data holds critical information necessary to deliver personalized care.

Healthcare 52

Healthcare Cybersecurity Malware Insurance 52

MHA Consulting

FEBRUARY 9, 2023

There are two main types of risk transference: 1) buying insurance and 2) hiring a third-party vendor to perform an activity and passing on to them the risks associated with that activity. The Promise and Pitfalls of Insurance Insurance is the most frequently used and easiest method of risk transference.

Insurance 87

Insurance Insurance Outsourcing Mitigation 87

Chisel AI

SEPTEMBER 22, 2021

“Data is the lifeblood of insurance companies. Insurance companies compete on analytics and algorithms, and they compete on experiences. This is our equivalent of that physical capital that Tesla has to invest in.

Insurance 80

Insurance Insurance Authorization 80

Disaster Safety

OCTOBER 20, 2021

The Insurance Institute for Business & Home Safety (IBHS) has compiled a set of important guidelines that assist condo owners and associations on the condition of their property. Questions Every Condo Owner Should Ask… Everyone deserves to know the condition of their building where they rest their head at night.

Vulnerability 96

Vulnerability Insurance Insurance 96

Pure Storage

APRIL 17, 2024

What we have been seeing in the industry is that once a site gets attacked, insurance companies send in investigators to determine the cause of the problem. Even in cases where the issue may be readily identified, insurance investigators may take days and even weeks before they release the system back to the client.

Healthcare 104

Healthcare Insurance Insurance Authorization 104

Online Computers

JUNE 3, 2022

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) was created to protect sensitive health information from being disclosed without the patients’ consent. In this blog post, we will discuss the different kinds of HIPAA penalties and what you need to know to avoid them. What are the penalties under HIPAA?

Healthcare 95

Healthcare Insurance Insurance Security 95

Disaster Safety

DECEMBER 23, 2021

Severe winter weather is a significant cause of insured catastrophic losses and is a risk for many businesses across the country, including portions of the typically warmer southern United States. This information will be important after an event when determining if there is too much snow on the roof. Assess your exposure.

Insurance 129

Insurance Insurance Outage Alert 129

LAN Infotech

DECEMBER 1, 2021

Communication and information-sharing helps protect businesses both large and small. It’s also critical to ensure that those information sources are verified and vetted. Ideally, you want to make sure that you’re getting comprehensive, actionable information from trusted sources. Cyberattacks are expensive.

Cybersecurity 119

Cybersecurity Insurance Insurance Communications 119

The Failover Plan Podcast

DECEMBER 7, 2020

And we're going to understand the key differences between the Boomers and Millennials, how millennials deal with information, and options that industry groups could employ to increase participation and value to this next generation of business continuity professionals. Guest Bios: Grace Burley.

Continuity Professionals 228

Continuity Professionals Crisis Management Business Continuity Disaster Recovery 228

Plan B Consulting

OCTOBER 23, 2023

While you may have company travel insurance, it’s important for the company to actively support and implement their duty of care for business travellers. This could also include travel health and information security advice. Ensure that staff are well-informed about the procedures to follow if involved in an incident abroad.

Travel 52

Travel Insurance Insurance Pandemic 52

LAN Infotech

FEBRUARY 13, 2022

The teams should inform several parties about the incident, which include: Senior management. Insurance carrier. On the other hand, the insurance carrier will determine whether the safety of the coverage is applicable under the existing cyber insurance policy. Legal team.

Insurance 98

Insurance Insurance Evaluation Backup 98

Risk Management Monitor

DECEMBER 20, 2022

In these cases, a worker may intentionally fake an injury (claimant fraud) or a business owner may misrepresent their employee headcount or incorrectly classify employees to obtain lower insurance premiums. If you do not have a fraud feedback loop, start gathering information now.

Insurance 40

Insurance Insurance Evaluation Hospitality 40

Online Computers

APRIL 27, 2022

Fortunately, if you have a surveillance system installed, you’ll have video evidence that can help prove culpability, decrease liability, and/or assist with insurance claims. These types of evidence can even help expedite bureaucratic processes, which can help you collect insurance faster. To reduce insurance premiums.

Insurance 59

Insurance Insurance Retail Alert 59

Risk Management Monitor

SEPTEMBER 21, 2021

With the cost of insurance for businesses rising across many types of coverage, staying on top of trends in the claims portfolio is more important than ever. For this reason, many insurers and TPAs promise to conduct claims reviews with their business customers on a regular basis, but the rigor can vary greatly.

Insurance 75

Insurance Insurance All-Hazards Hazard 75

Advancing Analytics

JANUARY 27, 2023

By having all this information, we can personalise interactions, improve the customer experience, and make smarter business decisions. This information can be used to personalise marketing campaigns, improve the in-store experience, and increase sales through upselling and cross-selling. Everywhere!

Telecommunications 52

Telecommunications Insurance Insurance Retail 52

MHA Consulting

AUGUST 24, 2023

It’s not about eliminating risk completely but managing it in a rational, informed way. Employing a method such as taking out insurance to help cover a risk or hiring a third party that will take the risk associated with the action or process. It’s a permanent ongoing activity. Reducing risk. Transferring risk. Accepting risk.

Risk Management 90

Risk Management BCM Management All-Hazards 90

Disaster Safety

FEBRUARY 15, 2022

Contact your insurance agent or insurer as soon as you can. After your insurance company has been notified of your claim, they must send you the necessary claim forms within a certain number of days (time period varies by state). Be sure to inspect your ceilings for evidence of water or standing water. . Time: ASAP. .

Insurance 80

Insurance Insurance 80

MHA Consulting

MARCH 21, 2024

A company called Change Healthcare, which is the largest electronic clearinghouse for medical insurance payments in the country, was struck by hackers who stole patient data and encrypted company files, demanding payment to unlock them. Preventing data breaches is primarily the responsibility of the information security and IT departments.

Healthcare 52

Healthcare Hospitality Resilience Insurance 52

Pure Storage

NOVEMBER 15, 2023

A full EHR restore from backup was tested periodically, but we thought of it in much the same way that we think of term life insurance—a bit of security, but not something that we plan on ever using. I can remember a time when we were more concerned about the backup finishing successfully than the time it took to complete.

Resilience 103

Resilience Healthcare Backup Architecture 103

everbridge

MARCH 6, 2023

The current systems and solutions in place for managing climate hazards are often inadequate, and the reliance on traditional insurance has become insufficient. The Insufficiency of Traditional Insurance Organizations often rely on insurance providers to provide protection against the impacts of extreme weather events.

Resilience 52

Resilience All-Hazards Command Center Insurance 52

Pure Storage

FEBRUARY 21, 2024

It’s important to make informed decisions about where to store and process data to align with specific regional or national laws. Data sovereignty is an essential tool in providing a deterrent to cybercriminals and combating misuse or poor stewardship of personal information and data.

Audit 52

Audit Insurance Insurance Architecture 52

Pure Storage

MARCH 29, 2024

They will often try to discover cybersecurity insurance limits, critical operations your organization is running, and where and to whom services are provided, all in an effort to understand where an attack can do the worst damage. Armed with that information, the attacker can plot a course to try to force a ransom payment.

Backup 96

Backup Cybersecurity Architecture Resilience 96

Online Computers

JULY 14, 2023

In insurance, for instance, AI is already being used to automate claims processing and identify fraudulent claims. Insurance companies are also leveraging AI-powered chatbots to answer customer questions 24/7, freeing up customer service representatives to provide more in-depth support.

Advertising 52

Advertising Retail Healthcare Insurance 52

Solutions Review

JANUARY 25, 2024

As we navigate through waves of technological innovation, from AI-driven analytics to IoT proliferation, the question of how to protect personal information while fostering progress becomes increasingly complex. This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance.

Authentication 142

Authentication Cybersecurity Security Government 142

Risk Management Monitor

APRIL 11, 2022

SAN FRANCISCO—At today’s RISKWORLD 2022 opening ceremony and awards luncheon, RIMS recognized top risk management and insurance professionals with the society’s annual awards. Lori Seidenberg, director and global head of real assets insurance risk management for BlackRock, Inc.,

Insurance 40

Insurance Insurance Risk Management Pandemic 40