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10 ways AI & Machine Learning can increase insurance revenue.

Advancing Analytics

Last week, Advancing Analytics attended BIBA 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.

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DHS Announces New Grants to Bolster Cybersecurity Under Infrastructure Law

Security Industry Association

On September 16, 2022, DHS issued a Fiscal Year 2022 Notice of Funding Opportunity (NOFO) for SLCGP with applications due within 60 days. CISA has developed goals and objectives for the SLCGP , including assessing and evaluating systems and capabilities and building a cybersecurity workforce. In FY 2022, $183.5

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

According to research performed by Ethisphere’s Ethics Index , “the listed 2022 World’s Most Ethical Companies honorees outperformed a comparable index of large-cap companies by 24.6 percentage points from January 2017 to January 2022.” Ability to Procure Cyber Insurance.

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

For those who take a forward-looking approach to risk, it is evident that SVB did not practice ERM for most of 2022. They evaluate their vendor and partner communities to identify the third parties they depend on the most and map them to the business risks, controls, and testing that rely on them. Imagine the contagion there.

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Internal Controls & Fraud Prevention

Reciprocity

Internal fraudsters might engage in fraudulent activity for years by taking advantage of their “trusted insider” status. The collapse of Enron, along with several other corporate frauds circa 2001, led to enactment of the Sarbanes-Oxley Act in 2022. Fraud is often difficult to detect. What Is the Cost of Corporate Fraud?

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33 Data Privacy Week Comments from Industry Experts in 2023

Solutions Review

This chain of activities results in an increasingly complex, geographically vast, and multi-tiered supply network. Aron Brand, CTO at CTERA After many years of near-zero interest rates and workforce shortages, the tide has turned, and in 2022 we have seen the start of a dramatic shift in the business landscape.

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Data Privacy Awareness Month 2024: Roundup of Expert Quotes

Solutions Review

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. In fact, SlashNext’s latest State of Phishing report revealed a 1,265 percent increase in phishing emails since the launch of ChatGPT in November 2022. Upholding good cyber hygiene.