Cyber vulnerabilities present a significant threat to the health insurance sector. This article discusses the impact of cyber threats on health insurers and the pivotal role of cyber risk insurance.
The insurance industry is rapidly embracing technological innovations to enhance customer experience, mitigate risks and reduce operational costs. AI, IoT, blockchain, and Big Data are proving vital for the industry, but they are also posing new challenges.
The insurtech industry, by leveraging technologies such as artificial intelligence, big data and machine learning, presents an innovative outlook for the insurance industry. This sector harnesses technology in expanding its services and digitizing traditional services - risk assessment, underwriting, claims...
The rising frequency of cyber-attacks emphasizes the importance of having comprehensive cyber insurance policies. This coverage, which covers substantial financial and reputational losses, has emerged as indispensable for small and large businesses alike. However, obtaining insurance is just part of...
Cybersecurity insurance, a specialized product designed to mitigate financial risks associated with cyber threats, is rapidly gaining traction. While it presents unique challenges to insurers, such as lack of historic loss data and the inherently global nature of cyber threats,...