Remove Insurance Remove IT Remove Paper
article thumbnail

How to Eliminate Paper Processes

AIIM

Despite the proven operational improvements to be gain by going paperless, paper is still prevalent in too many core business processes today including loan applications, insurance claims, and customer onboarding. Steps to Eliminate Paper. What are the Benefits of Eliminating Paper Processes?

Paper 219
article thumbnail

Insurance and Ransomware

Schneier on Security

Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. Although it is a societal problem, cyber insurers have received considerable criticism for facilitating ransom payments to cybercriminals. Often, that’s paying the ransom.

Insurance 119
Insiders

Sign Up for our Newsletter

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

article thumbnail

Lloyd’s Will No Longer Include Nation-State Attacks in its Cyber Insurance Policies

IT Governance

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

Insurance 102
article thumbnail

CrowdStrike: Lessons on the Importance of Contracts, Insurance and Business Continuity

IT Governance

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. The weighted average loss is $44 million (£34 million), ranging from $6 million to $143 million (£5 million – £111 million). of its share price. Could you elaborate?

Insurance 104
article thumbnail

[Podcast] Transforming How Mortgage Insurance Applications Are Processed

AIIM

This industry is full of time-consuming, error-prone, and paper and labor-intensive processes, all perfectly-suited for automation. mortgage firm fundamentally transform the way mortgage insurance applications are processed, eliminating paper in favor of a completely digital workflow.

Insurance 120
article thumbnail

The Financial Service and Insurance Industries Need Intelligent Document Processing; Here’s Why

Rocket Software

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries. Scanning paper documents is a manual, time consuming process with high labor and hardware costs.

article thumbnail

How Attorneys Are Harming Cybersecurity Incident Response

Schneier on Security

New paper: “ Lessons Lost: Incident Response in the Age of Cyber Insurance and Breach Attorneys “: Abstract: Incident Response (IR) allows victim firms to detect, contain, and recover from security incidents. It should also help the wider community avoid similar attacks in the future.