This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Data is the lifeblood of the modern insurance business. Yet, despite the huge role it plays and the massive amount of data that is collected each day, most insurers struggle when it comes to accessing, analyzing, and driving business decisions from that data. There are lots of reasons for this.
Traditionally viewed as rock-solid and steady, the insurance industry is not exactly associated with taking big risks. Gray Nester, CIO, Brown & Brown Insurance Gray Nester / Brown & Brown Some, like BBNI’s Technology Solutions Group, are being renamed and restructured to orchestrate greater immersion in the business.
Artificial intelligence (AI) has rapidly shifted from buzz to business necessity over the past yearsomething Zscaler has seen firsthand while pioneering AI-powered solutions and tracking enterprise AI/ML activity in the worlds largest security cloud. billion AI/ML transactions in the Zscaler Zero Trust Exchange.
Many cybersecurity professionals, if not all, have experienced that “after the breach” feeling — the moment you realize you’ll have to tell your customers their personal information may have been compromised because one of your vendors had a data breach.
Business Email Compromise (BEC) scams pose a growing threat to organizations of all sizes, and they are only increasing in sophistication and frequency. Keys to recovering from a BEC attack For organizations or individuals who may have inadvertently sent money to a fraudster, time is of the essence.
Saket Modi is the co-founder and CEO of Safe Security, a cybersecurity and digital business risk quantification platform company. Today’s cybersecurity landscape requires an agile and data-driven risk management strategy to deal with the ever-expanding third-party attack surface. Saket Modi. Contributor. Share on Twitter.
For us, that means remembering our core mission: providing risk management and insurance solutions to our customers in a way that helps them protect their businesses and families. Thats the mindset we need to bring into every business, whether were selling insurance, financial services, or something else entirely.
The IT function within organizations has become far more complex in recent years. A consultants job is to assess the whole situation, the challenges, and the opportunities at an organization, Buchholz says. IT consultants are responsible for helping organizations design and develop strategic IT projects and manage their technology use.
Processing claims at scale presents a challenge for insurers, particularly where the claims entail factors like complex underlying health conditions. A growing cohort of startups including Alan, Tractable and Snapsheet offer tools to help customers navigate through the insurance claims process. ” Accelerating insurance claims.
Introducing business intelligence required a great deal of change management work, because from a data use that wasnt very sophisticated and organized, and very do-it-yourself, we moved to a consistent and verified data warehouse, he says. The technical work of Sicca is typical of ICT in a distributed multinational.
Whether it’s a financial services firm looking to build a personalized virtual assistant or an insurance company in need of ML models capable of identifying potential fraud, artificial intelligence (AI) is primed to transform nearly every industry. Another challenge here stems from the existing architecture within these organizations.
One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. The idea, Beswick says, was to enable the creation of an application in days — which set a.
Hackers often talk about practicing good “cybersecurity hygiene” : making sure that basic standards, such as using unique passwords for each log-in, are met. This breadth of information can be much more valuable on the black market—sometimes up to $30 per record—than the typical consumer financial profile , which sells for $10 to $12.
With increasing data privacy and security regulations, geopolitical factors, and customer demands for transparency, customers are seeking to maintain control over their data and ensure compliance with national or regional laws. As organizations expand globally, securing data at rest and in transit becomes even more complex.
Like other data-rich industries, banking, capital markets, insurance and payments firms are lucrative targets with high-value information. Conversely, threat actors – from cybercriminals to nation-states – are harnessing AI to craft more sophisticated attacks, automate their operations, and evade traditional security measures.
One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. The idea, Beswick says, was to enable the creation of an application in days — which set a.
Axio , a platform for cybersecurity risk evaluation, today announced the closure of a $23 million Series B round led by Temasek’s ISTARI, with participation from investors NFP Ventures, IA Capital Group and former BP CEO Bob Dudley. But Kannry says that Axio differentiates through a focus on modeling the impact of cyber scenarios.
As a business executive who has led ventures in areas such as space technology or data security and helped bridge research and industry, Ive seen first-hand how rapidly deep tech is moving from the lab into the heart of business strategy. Business leaders dont need to be technology experts to grasp this shift; they need vision and urgency.
Despite the huge promise surrounding AI, many organizations are finding their implementations are not delivering as hoped. Reliability and security is paramount. 1] The limits of siloed AI implementations According to SS&C Blue Prism , an expert on AI and automation, the chief issue is that enterprises often implement AI in siloes.
Could the secret to building Internet-connected devices that balance utility, safety, security, and privacy reside in the offices of Forcite, an upstart motorcycle helmet maker in Australia? READ MORE ON SECURING THE INTERNET OF THINGS. Boyadgis notably doesn’t approve of everything Waze is known for doing. Have a Tesla Model 3?
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry, empowering clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud, and make informed decisions about global risks. The following diagram illustrates the solution architecture.
Crafting the Future: The Significance of Selecting the Right Insurance Executive In today’s fast-paced and ever-evolving business environment, securing the right insurance executive is more than a mere hiring decision —it’s a pivotal investment in the company’s future.
How many people have stuck with the same auto insurance provider because the process of finding a new one feels overwhelming and painful? Trellis says it has built an API platform that lets consumers shop for car insurance policies by offering side-by-side comparisons, a way to buy a new plan and cancel their old plan — all at once.
Virtually every company relied on cloud, connectivity, and security solutions, but no technology organization provided all three. Leaders across every industry depend on its resilient cloud platform operated by a team of industry veterans and experts with extensive networking, connectivity, and security expertise.
Generative AI can revolutionize organizations by enabling the creation of innovative applications that offer enhanced customer and employee experiences. They implement landing zones to automate secure account creation and streamline management across accounts, including logging, monitoring, and auditing.
But the challenge many executives face is that they tend to focus on how their particular area aligns with overall goals, to the exclusion of other facets of the organization. Is your IT organization doing all it can to build strong alignment with business leaders and colleagues?
Back in 2018, Refael Angel, a former security software engineer at Intuit, had an idea for a new approach to protect encryption keys — the random string of bits created to scramble and unscramble data — on the cloud. GitGuardian estimates that app security engineers on average have to handle over 3,400 secrets occurrences.
Over 560,000 people were impacted by four data breaches to healthcare organizations disclosed last week. The impacted organizations were Hillcrest Convalescent Center, Gastroenterology Associates of Central Florida, Community Care Alliance, and Sunflower Medical Group.
Cloud providers offer most organizations the least risky way to get started with AI, as they do not require upfront investments or long-term commitments. For the global risk advisor and insurance broker that includes use cases for drafting emails and documents, coding, translation, and client research.
BitSight, a startup that assesses the likelihood that an organization will be breached , has received a $250 million investment from credit rating giant Moody’s, and acquired Israeli cyber risk assessment startup VisibleRisk for an undisclosed sum. To guard against data loss and misuse, the cybersecurity conversation must evolve.
As organizations continue to build out their digital architecture, a new category of enterprise software has emerged to help them manage that process. “Enterprise architecture today is very much about the scaffolding in the organization,” he said.
It now intends to offer the software layer that helps web3 organizations manage their crypto finances. If you run an organization that mostly receives and sends crypto assets and if you want to pay people in cryptocurrencies, chances are you could use something like Multis. For users, everything happens in your Multis account.
The Health Insurance Portability and Accountability Act (HIPAA) mandates a stringent framework for protecting sensitive patient information. These standards form the foundation of cybersecurity measures within the healthcare sector, ensuring compliance, mitigating risks, and safeguarding patient trust.
As a result, organizations are taking a proactive approach to provide critical content to end users at the click of a button. For over 130 years, Hastings Mutual Insurance Company has served and protected its clients throughout the Midwest. Throughout the migration process, Hastings has not missed a beat. Digital Transformation
1 - Using AI securely: Global cyber agencies publish new guide Is your organization – like many others – aggressively adopting artificial intelligence to boost operational efficiency? If so, you might want to check out a new guide published this week about how businesses can use AI securely.
Santos Converge ICT Solutions Peter Tay Income Insurance Quinny Lei Grab Rajat Mittal NTUC First Campus Ralph Ostertag Heineken Ravel Lai Uni-China Group Renee Ling PwC Malaysia & Vietnam Rhezandra Priatama Sekolahmu Richard Parcia GOLDEN ABC, Inc. These are in addition to CIO100 awards in the US, UK, and the Middle East. …
“The pandemic and the aging population and growing population really put very high stress on every healthcare system, and Atlantic Health was no exception,” says Sunil Dadlani, chief information and digital officer and chief cybersecurity officer at the New Jersey-based nonprofit healthcare network. That’s very important,” he says.
Zero Trust adoption is accelerating, with over half of organizations reporting they have adopted Zero Trust Security, according to research independently conducted by leading security research firm Ponemon Institute, sponsored by Hewlett Packard Enterprise. What’s driving the adoption of Zero Trust Security?
Compliance with privacy and security frameworks like SOC 2, HIPAA and GDPR has become a central component not just of how organizations build trust with their users, but of how organizations work together these days: fail to meet the requirements of these frameworks, and you might lose your business relationship.
Despite the importance of the mainframe, it has been neglected over the years with organizations focusing on perimeter security. According to Gartner , IT security software is the top purchase category (28%) for those buying IT-related software. But only eight percent of those buyers are purchasing IT management software.
If the data [that agents] are acting on is outdated, isnt meaningful, or doesnt align with company goals, organizations arent going to find valuable output from these AI agents. AI agents also need information on who is responsible for specific tasks, what the objectives are, when actions need to happen, and how the process unfolds.
Department of Homeland Security’s “Homeland Threat Assessment 2024” report? What’s with the surge in cyber insurance claims and what does ransomware have to do with it? Why is CISA warning critical infrastructure organizations about the Snatch ransomware? Department of Homeland Security. Here’s what’s happening in cyber.
According to Deep Instinct’s research , 75% of security professionals observed an increase in cyberattacks in 2023, with 85% of them attributing the rise to generative AI. Changes to social expectations surrounding privacy have led to individuals wanting transparency and security from the entities that collect and process our data.
Organizinginformation from providers, insurers and patients not only takes a lot of time, but increases private healthcare costs. The startup’s AI-based tech enables secure data exchanges (with patient consent) between healthcare providers, insurers and patients. The company announced today it has raised a $5.15
We organize all of the trending information in your field so you don't have to. Join 49,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content