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10 ways AI & Machine Learning can increase insurance revenue.

Advancing Analytics

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. Assessor assistants – Think Hal 9000 but for Insurance!

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New NAAIA Report Focuses on Next Steps for DEI in the Insurance Industry

Risk Management Monitor

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?

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World Backup Day: Four Data Protection Best Practices to Know

Pure Storage

Here are a few best practices to consider when implementing a strong data protection strategy: Implement an Active Threat and Vulnerability Management Program Before an attack , the adversaries are doing their homework: learning about your organization to understand the size and scope of their opportunity.

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Cyberrisk Management Tips for Businesses Amid the Russia-Ukraine War

Risk Management Monitor

Cyberrisk has also drawn considerable concern and the threat landscape continues to evolve rapidly, though the details of increased cyberattack activity are not yet fully known and may be largely unfolding below the surface right now. Evaluate and if possible, test your business continuity plans. Check it out here: [link].

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

Your customer may ask you to meet a specific SLA in the event of a data breach so that they can activate their incident management processes . Ability to Procure Cyber Insurance. According to an article in Insurance Business America , the cyber insurance market started to harden in 2020 after a surge in ransomware events.

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Why BCM and ERM Should Be BFFs 

MHA Consulting

ERM is concerned with identifying and evaluating all the risks facing the company, including but not limited to those pertaining to finance, insurance, third-party vendors, and operations. This is a clash both of goals and temperament. There is no such clash between ERM and BCM; they are natural allies.

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Using Audio for Alarm Verification: Hearing Plus Seeing Increases Situational Awareness and Reduces False Alarms

Security Industry Association

Around the same time, insurance companies began offering premium discounts to alarm subscribers, which drove popular demand. The question is not how to prevent the causes of false alarms, but rather how to verify whether alarm activations signify a real breach. Then tailor the audio settings within the VMS interface.

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