article thumbnail

Inflation Considerations for Risk Managers and Insurance Buyers

Risk Management Monitor

retail sales fell in May as supply chain challenges drove a decrease in major purchases like vehicles, and record high gas prices pulled spending away from other goods. Inflation’s Impact on the Insurance Market. With high unemployment and higher costs, this also poses a risk to employment practices liability (EPL) insurers.

article thumbnail

How can AI increase your business’s bottom line?

Online Computers

If you’re looking for ways to increase the profitability of your New York business, consider using AI and reap the following benefits: Optimized workflows AI enables businesses to automate and streamline various operational processes, leading to enhanced efficiency and productivity that allows employees to focus on higher-value activities.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Maximising Customer Value with 360 View and Machine Learning

Advancing Analytics

Here are a few examples: Retail : Retail companies use customer 360 views to gain a deeper understanding of their customers' purchasing habits and preferences. Fraud detection : Machine learning can be used to detect patterns of fraudulent activity in customer data. And where is it used? Everywhere!

article thumbnail

Security Industry Association Reveals the 2024 SIA Women in Security Forum Power 100 Honorees

Security Industry Association

security sales, Wesco Carissa Hunter, regional training and compliance manager – Americas, Securitas Global Clients Amena Jamali, information security associate, Tevora Alice L. SIA’s Women in Security Forum works to engage all security professionals to promote, recruit and cultivate women’s leadership for a bolder presence within the industry.

Security 111
article thumbnail

Opening the eyes of the machine: Computer vision with AutoML (Part 1)

Advancing Analytics

Auto-insurer Tokio Marine use computer vision system for examining damaged vehicles. In the insurance business, Tokio Marine, a Japanese-based property and casualty insurer use computer vision to analyse and evaluate damaged cars, speeding up the evaluation process. Source: isurancejournal.com. Source: Amazon.com.

article thumbnail

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.

Retail 87
article thumbnail

Strategies for Digital Risk Protection

Reciprocity

More specifically, within digital risk management are the active measures that businesses can take to protect their assets: digital risk protection. DRP is the active piece of the cybersecurity puzzle, and is an imperative for every organization. What is Digital Risk Protection?