Data Protection Report

FEBRUARY 2, 2024

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing.

Insurance 78

Insurance Artificial Intelligence Risk Compliance 78

Data Matters

SEPTEMBER 7, 2023

The National Association of Insurance Commissioners (NAIC) held its Summer 2023 National Meeting (Summer Meeting) from August 12–16, 2023. The post Regulatory Update: National Association of Insurance Commissioners Summer 2023 National Meeting appeared first on Data Matters Privacy Blog.

Insurance 68

Insurance Artificial Intelligence Privacy Security 68

Security Affairs

JANUARY 7, 2024

Experts spotted a new macOS Backdoor named SpectralBlur linked to North Korea Merck settles with insurers regarding a $1.4 Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.

Artificial Intelligence 131

Artificial Intelligence Security Data breaches Ransomware 131

Security Affairs

JANUARY 4, 2024

“Suspicious activity should be promptly reported to relevant parties including an insurance company, health care provider, and/or financial institution.” Follow me on Twitter: @securityaffairs and Facebook and Mastodon Pierluigi Paganini ( SecurityAffairs – hacking, Artificial Intelligence)

Data breaches 141

Data breaches Artificial Intelligence Insurance Access 141

IBM Big Data Hub

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 96

Insurance Digital transformation Customer Experience Cloud 96

AIIM

NOVEMBER 14, 2024

Intelligent document processing (IDP) solutions are emerging that combine AI with IDP to revolutionize client and document onboarding and processing.

Financial Services 172

Financial Services Insurance Artificial Intelligence 172

IBM Big Data Hub

MAY 8, 2023

Artificial intelligence (AI) is polarizing. In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. It excites the futurist and engenders trepidation in the conservative.

Insurance 68

Insurance Risk Artificial Intelligence Government 68

Data Protection Report

OCTOBER 17, 2024

On October 16, 2024, the New York Department of Financial Services (“NYDFS” or “DFS”) issued guidance raising awareness about combatting cybersecurity risks arising from artificial intelligence (“AI”) used by DFS licensees, such as insurers and virtual currency businesses.

Artificial Intelligence 56

Artificial Intelligence Financial Services Risk Cybersecurity 56

Privacy and Cybersecurity Law

SEPTEMBER 15, 2021

Artificial intelligence feeds on data: both personal and non-personal. It is no coincidence, therefore, that the European Commission’s “ Proposal for a Regulation laying down harmonized rules on Artificial Intelligence ”, published on April 21, 2021 (the Proposal), has several points of contact with the GDPR.

Artificial Intelligence 52

Artificial Intelligence Personal data GDPR Compliance 52

The Last Watchdog

AUGUST 8, 2022

Add in an increasing focus on data becoming a crucial enterprise asset—as well as the introduction of countless database and analytical tools, digital twins, artificial intelligence, and machine learning—and we are dealing with unprecedented technical complexities and risk.

Security 214

Security Artificial Intelligence Risk Access 214

CGI

OCTOBER 6, 2023

As generative artificial intelligence (AI) continues to evolve rapidly, it has sparked transformative change across the insurance industry. Learn best practices for insurers to pursue data-driven insurance and generative AI to create strategic advantage in the face of new disruptors.

Insurance 52

Insurance Artificial Intelligence IT 52

Adam Levin

SEPTEMBER 4, 2019

The CEO of a UK-based energy firm lost the equivalent of $243,000 after falling for a phone scam that implemented artificial intelligence, specifically a deepfake voice. While the technology to generate convincing voice recordings has been available for a few years, its remains relatively uncommon in the commission of fraud.

Artificial Intelligence 93

Artificial Intelligence Insurance Security IT 93

Info Source

JUNE 11, 2020

June 9, 2020 – ABBYY< [link] >, a Digital Intelligence company, today launched a global initiative to promote the development of trustworthy artificial intelligence (AI) technology. MILPITAS, Calif., ABBYY is a global company with offices in 13 countries.

Artificial Intelligence 52

Artificial Intelligence Digital transformation Insurance Privacy 52

Data Matters

FEBRUARY 20, 2019

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance. Unlawful Discrimination.

Insurance 68

Insurance Financial Services Compliance Retail 68

Data Protection Report

JANUARY 4, 2024

5. Headlines in 2023 also had many references to artificial intelligence. The Federal Trade Commission (FTC) also addressed artificial intelligence and machine learning. The Consumer Data Privacy Act (SB 384), which goes into effect on October 1, 2024 (see § 14), can be found here: [link].

Privacy 111

Privacy Cybersecurity Artificial Intelligence e-Discovery 111

CGI

AUGUST 21, 2023

These innovative technologies are moving providers and payers closer to patients.

Artificial Intelligence 74

Artificial Intelligence Insurance IT 74

IBM Big Data Hub

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 56

Insurance Cloud Digital transformation Customer Experience 56

Everteam

MAY 29, 2019

To efficiently manage data, Everteam developed everteam.iFile, a solution based on Artificial Intelligence and Machine Learning to find, identify, manage and process information regardless of its location. iFile lifecycle: Insurance company case. One of the clients at the insurance company calls to report an accident.

Artificial Intelligence 75

Artificial Intelligence Insurance Metadata Big data 75

Security Affairs

SEPTEMBER 8, 2024

Managing Cybersecurity in the Age of Artificial Intelligence Clearview AI Faces €30.5M Head Mare hacktivist group targets Russia and Belarus Zyxel fixed critical OS command injection flaw in multiple routers VMware fixed a code execution flaw in Fusion hypervisor U.S.

Security 130

Security Data breaches Artificial Intelligence Ransomware 130

Information Management Resources

AUGUST 22, 2018

RPA in insurance has made its way into The New York Times, with an interesting articleabout how State Auto Insurance Companies has eliminated 25,000 hours of manual human work from their back office using screen-scraping process automation technology.

Artificial Intelligence 29

Artificial Intelligence Insurance IT 29

Information Management Resources

NOVEMBER 17, 2017

The range of technologies that are part of the AI family give carriers a lot of options in using it.

Artificial Intelligence 32

Artificial Intelligence Insurance IT 32

Info Source

JUNE 11, 2020

June 9, 2020 – ABBYY< [link] >, a Digital Intelligence company, today launched a global initiative to promote the development of trustworthy artificial intelligence (AI) technology. MILPITAS, Calif., ABBYY is a global company with offices in 13 countries.

Artificial Intelligence 40

Artificial Intelligence Digital transformation Insurance Privacy 40

Security Affairs

NOVEMBER 14, 2022

Add to that, there is the risk of penalties and fines (which are not insurable in most jurisdictions) not only under privacy and data protection regulations but also on the basis of cybersecurity regulations that are now proliferating. What should directors do if a cyberattack happens to the company? there could be reputational damage.

Insurance 144

Insurance Risk Ransomware Encryption 144

The Last Watchdog

OCTOBER 5, 2023

Kapczynski Erin: Could you share your thoughts on the role of artificial intelligence, machine learning and the growth of IoT devices in both cyber defense and cyberattacks? Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies? Byron: It’s an important risk management tool.

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

OpenText Information Management

JULY 5, 2023

Mobile apps, artificial intelligence and advanced analytics are just some of the innovations shaking up the landscape for global insurers to help them meet the rising expectations of tech-savvy customers. Claims processing accounts for the lion’s share of property and casualty insurers’ expenses.

Artificial Intelligence 52

Artificial Intelligence Insurance Analytics Customer Experience 52

The Last Watchdog

DECEMBER 18, 2023

The security challenges are growing, especially in light of the artificial intelligence (AI) that has penetrated into cybercrime and the need for an effective recovery solution is critical.” “We We are thrilled to announce this round of financing and welcome additional investors to our journey,” added Yevtushenko.

Artificial Intelligence 100

Artificial Intelligence Manufacturing Insurance Marketing 100

Information Management Resources

FEBRUARY 21, 2018

Retail, insurance and government are three areas where AI will be implemented this year in ways we haven't seen before.

Artificial Intelligence 32

Artificial Intelligence Retail Insurance Government 32

CGI

FEBRUARY 28, 2018

Digital Customer Experience is becoming the deciding battlefield on the insurance landscape. Digital Customer Experience in many ways is becoming the deciding battlefield on the insurance landscape as to who will win through. p.butler@cgi.com. Wed, 02/28/2018 - 10:36. Although respective remits often tend to be company specific.

Customer Experience 40

Customer Experience Insurance Artificial Intelligence Retail 40

Data Matters

JUNE 12, 2020

electronic payments, check capture and online banking), the OCC lists some of the new technologies, the implementation of which may be hindered by ambiguous, burdensome or inflexible rules, such as blockchain, artificial intelligence, biometrics, cloud computing and big data/analytics. Comments are due by August 3, 2020. 31, 2020).

Artificial Intelligence 68

Artificial Intelligence Blockchain Financial Services Computer and Electronics 68

Data Matters

SEPTEMBER 20, 2021

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

Insurance 88

Insurance e-Delivery Paper Cybersecurity 88

Information Management Resources

OCTOBER 15, 2018

Many carriers are leveraging some type of artificial intelligence to solve widely variant business problems.

Artificial Intelligence 37

Artificial Intelligence Insurance 37

Data Matters

SEPTEMBER 3, 2020

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. NAIC Considers Comments to the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act . GCC Template and Instructions.

Insurance 68

Insurance Paper Artificial Intelligence Big data 68

Bill Schmarzo - Dell EMC

FEBRUARY 14, 2018

If you complete the full Fluvastatin prescription, then we’ll reduce your monthly healthcare insurance payment by 5%.”. Amazon recently open-sourced their artificial intelligence framework (DSSTNE: Deep Scalable Sparse Tensor Neural Engine) that powers their recommendation engine. Figure 2: Amazon Recommendation Engine.

Artificial Intelligence 102

Artificial Intelligence Analytics Customer Experience Big data 102

Information Management Resources

APRIL 2, 2018

Those investing in artificial intelligence should consider exactly what the company will most benefit from, and which technology will help it reach those goals.

Artificial Intelligence 38

Artificial Intelligence Insurance IT 38

Information Management Resources

JUNE 6, 2018

Its venture arm is investing in a number of artificial intelligence companies, most recently machine-learning company HyperScience.

Artificial Intelligence 33

Artificial Intelligence Insurance IT 33

eDiscovery Daily

JUNE 6, 2024

In the recent panel on “Maximizing Legal Efficiency: Strategies for Flexibility and Innovation,” industry leaders Kiran Mallavarapu (Executive Vice President, Legal Operations at Liberty Mutual Insurance), Sara Ann Ludwiszewski (Legal Shared Services at Salesforce), Kate Corrie (General Counsel at Comply360/Vistair), Colleen E.

Artificial Intelligence 41

Artificial Intelligence Compliance e-Discovery IT 41

John Battelle's Searchblog

FEBRUARY 4, 2014

DeepMind acquisition terms required that Google establish an artificial intelligence ethics board. Google Glass to Be Covered by Vision Care Insurer VSP — NYTimes. And tweet us links! Google Beat Facebook for DeepMind, Creates Ethics Board — The Information. When No One Is Just a Face in the Crowd — NYTimes.

Artificial Intelligence 69

Artificial Intelligence Insurance Big data Marketing 69