IT Governance

AUGUST 25, 2022

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

Insurance IT Government Risk 102

Schneier on Security

JUNE 7, 2023

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.

Insurance 86

Insurance Cybersecurity Paper Communications 86

Armstrong Archives

JULY 9, 2021

In 1996, the Health Insurance Portability and Accountability Act (HIPAA) established a set of regulations involving the storage of and destruction of protected health information (PHI). When it comes to keeping medical records, many providers choose to store paper records at their practice or on an offsite storage location.

Paper 52

Paper Archiving Compliance Access 52

Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 88

Insurance Risk Marketing Cybersecurity 88

Info Source

APRIL 4, 2018

Irvine, CA, April 4, 2018 – Kofax ® , a leading provider of software to simplify and transform the First Mile of business, today announced that Kofax TotalAgility® is accelerating the digital transformation efforts of half of the top-ranked life insurers in the U.S. A leading property and casualty insurer in the U.S.

Digital transformation 40

Digital transformation Insurance Information capture Customer Experience 40

Data Matters

SEPTEMBER 7, 2022

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.

Insurance 78

Insurance Paper Privacy Risk 78

Data Matters

DECEMBER 28, 2020

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. NAIC Adopts the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act. Insurance groups will be exempt from filing a GCC if. groups to non-U.S.

Insurance 66

Insurance Paper Risk Analytics 66

Armstrong Archives

MARCH 27, 2018

Your insurance company has been collecting and storing consumer data for as long as it’s been in business. If you provide medical insurance, the documents you collect are high-value targets for criminals. Insurance companies often choose file folder indexing for additional information tracking. What Records Need Management.

Insurance 40

Insurance Archiving Records Management Paper 40

Security Affairs

MAY 14, 2024

At the time, Singing River said it was working to process all paper-ordered lab tests and radiology exams as quickly as possible, based on priority. Potentially compromised information includes name, date of birth, address, Social Security number, medical information, and health insurance information.

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Ransomware Data breaches Insurance Paper 129

IT Governance

FEBRUARY 5, 2018

Increased interest in cyber insurance. With more than 800 million records being leaked in 2017 ( find out more in our Breaches and Hacks Blog Archive ), it’s not surprising that cyber insurance business has increased in recent months. Insurers assess an organisation’s cyber risk to set premium levels.

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Insurance Risk Government GDPR 57

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 66

Insurance Paper Artificial Intelligence Big data 66

Armstrong Archives

DECEMBER 20, 2018

If you’re in the business of sorting through piles of paper files, you may wonder how to distinguish between files you should keep, files you should scan, and files you should shred. However, once you know how to dispose or store certain files, sorting through paper records will become much easier. Know Your State’s Laws.

Paper 40

Paper Archiving Sales Records Management 40

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 86

Insurance e-Delivery Paper Cybersecurity 86

CGI

FEBRUARY 28, 2017

Insurers’ digital focus is looking through the wrong ‘lens’. Read any article on digital insurance and it seems to me that it is all about the insurers! In a more advanced state CGI’s experience in using HoloLens technology from Microsoft suggests to me that this is an area ripe for consumer focussed insurer innovation.

Insurance 40

Insurance Big data IoT Manufacturing 40

IT Governance

APRIL 3, 2019

US food giant Mondelez is suing insurance company Zurich American for denying a $100 million (£76 million) claim filed after the NotPetya attack. In that regard, it was a job well done, with one report estimating that insurers could expect to pay out more than $80 billion (£61 billion) as a result of the attack.

Insurance 43

Insurance Ransomware Government Paper 43

Security Affairs

FEBRUARY 26, 2021

The server contained 55,000 court papers regarding over 15,000 legal cases, which affected hundreds of thousands of people. Inova is an actuarial consultancy company, which means they compile statistical analysis and calculate insurance risks and premiums. Document sent to the insurance company by the victim’s lawyer.

Data breaches 121

Data breaches Insurance Paper Access 121

Armstrong Archives

AUGUST 19, 2024

Understanding Hard Copy Vulnerabilities Recognizing the vulnerabilities of paper documents is key to understanding how to protect them over time. Water from a leak, flood, or even a spill can destroy the integrity of paper documents. Extreme temperatures can make paper brittle, while high humidity can cause mold and warping.

Paper 52

Paper Archiving Encryption Cloud 52

Data Matters

DECEMBER 11, 2018

The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. systemic risk of insurers with other parts of the financial system, notably the banking.

Insurance 66

Insurance Paper Risk Big data 66

Security Affairs

JUNE 18, 2024

In some cases, attackers are even leveraging the threat of regulatory actions or causing cyber insurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers. In fact, the cost to victims from ransomware attacks is estimated to reach $265 billion (USD) annually by 2031.

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Ransomware Insurance Cybersecurity B2B 140

Hunton Privacy

APRIL 13, 2012

The parties previously had agreed to work together to develop practical requirements for a secure cloud solution, and to implement appropriate security measures in the “Trusted German Insurance Cloud.” The implementation of the cloud security requirements will be finalized pursuant to the BSI’s certification process.

Insurance 40

Insurance Cloud Information Security Paper 40

eDiscovery Daily

DECEMBER 14, 2023

Common legal cases in AEC encompass contract disputes, professional negligence claims, construction defects, insurance coverage disputes, delay claims, and regulatory violations. Proactive documentation and robust organizational workflows emerge as shields against impending legal complexities.

Insurance 67

Insurance Paper Communications Government 67

AIIM

AUGUST 2, 2019

In other words: cut the paper, cut the inefficiencies. Provide a paper-bound, old-school understanding that doesn’t keep up— beware. Despite the drive to go paperless, paper is still prevalent in many core business processes like loan applications and insurance claims. They stay because of the experience they receive.

Digital transformation 95

Digital transformation Customer Experience Paper Insurance 95

OpenText Information Management

APRIL 5, 2019

Each year, Belgian insurer Fédérale Assurance produces up to 10 million pages of customer communications relating to its financial investment products and insurance offerings, including car, home and life insurance.

Communications 49

Communications Insurance Paper Customer Experience 49

Data Matters

SEPTEMBER 4, 2019

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

Insurance 66

Insurance Paper Risk Analytics 66

Armstrong Archives

APRIL 1, 2022

Beyond the pandemic, there are many reasons for this shift toward more paper-independent workplaces, such as mitigating costs and better serving customers in a digital marketplace. Projections indicate that 45% of the world’s top companies will increase their implementation of zero-paper workflows. Paper is expensive.

Customer Experience 52

Customer Experience Paper Records Management Archiving 52

eSecurity Planet

OCTOBER 18, 2021

” Cyber Insurance No Longer Reliable. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. “This is a form of economic warfare.”

Ransomware 104

Ransomware Insurance Digital transformation Cybersecurity 104

Hanzo Learning Center

FEBRUARY 5, 2019

These cases have demonstrated how differently litigants—and judges—view the distinctions between quasi-paper forms of production like PDF or TIFF files and native-format productions. Over the last year, requests and productions of native-format documents have featured regularly in ediscovery cases resolved by the courts.

Insurance 40

Insurance Paper IT Metadata 40

AIIM

APRIL 12, 2022

The classic example is the insurer that won’t pay for care that a doctor determines a patient needs. Insurers are about profit; doctors are about delivering the best care. With collaborative videoconferencing: Low-income patients without insurance can use the Emergency Room less often. Data on paper manages you.

Computer and Electronics 104

Computer and Electronics Insurance Marketing Paper 104

Data Matters

AUGUST 24, 2018

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data . The NAIC is also considering insurers’ use of big data in underwriting life insurance products.

Insurance 60

Insurance Big data e-Delivery Risk 60

Data Matters

MAY 9, 2019

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.

Insurance 66

Insurance Blockchain Big data Risk 66

Info Source

JUNE 7, 2023

Fresneda: The biggest one, at least in the United States right now, is clearly insurance. If I’m an insurance company, I have to spread my risks. Now all of this “other stuff” can run through AI and machine learning (ML) to handle a lot of the problems that insurance companies and banks face around the world.

Insurance 52

Insurance Marketing Customer Experience Compliance 52

KnowBe4

APRIL 25, 2023

That page also has a download link for a PDF of the entire paper (via Reddit). "In In this paper, we introduce generative agents—computational software agents that simulate believable human behavior," reads the summary. link] [Head Scratcher] More Companies With Cyber Insurance Are Hit by Ransomware Than Those Without?

Insurance 73

Insurance Security awareness Phishing Ransomware 73

Shoreline Records Management

APRIL 18, 2016

As Doctors across the country transition to Electronic Medical Record Systems, they’re confronted with a major decision, what do I do with my paper charts? Practices and Doctors have a few options to choose from: Continue to use the paper chart for all patient visits. Financially is it the best option?

Paper 28

Paper Archiving Records Management Insurance 28

eDiscovery Daily

DECEMBER 14, 2023

Common legal cases in AEC encompass contract disputes, professional negligence claims, construction defects, insurance coverage disputes, delay claims, and regulatory violations. Proactive documentation and robust organizational workflows emerge as shields against impending legal complexities.

Insurance 36

Insurance Paper Communications Government 36

DLA Piper Privacy Matters

SEPTEMBER 14, 2021

On 22 July 2021, the Treasury released a consultation paper setting out the target industry sectors that are proposed to become subject to the CDR after the implementation in the energy and telecommunications sectors is complete. agriculture.

Agriculture 100

Agriculture Insurance Customer Experience Privacy 100

Info Source

SEPTEMBER 26, 2024

Business inputs have increasingly shifted from paper to a variety of digital sources arriving via a broad range of communication channels including email, fax, smart devices, and social media. In countries where e-invoicing mandates have gone into effect, structured digital inputs replace paper or pdf invoices. grade schools).

Marketing 52

Marketing Energy and Utilities e-Discovery Records Management 52

eSecurity Planet

SEPTEMBER 21, 2024

Health Insurance Portability & Accountability Act (HIPAA) The Health Insurance Portability and Accountability Act (HIPAA) sets standards for protecting sensitive health information, particularly electronic health records (EHRs). 93H to protect the personal information of Massachusetts residents.

Cybersecurity 120

Cybersecurity Computer and Electronics Compliance Privacy 120