Technology/Science
Europe’s Fledgling Cyber Insurance Market Stands to Gain From New Privacy Rules
Data privacy rules coming into force this week are giving Europe's fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. ...
NAIC Panelist: Catastrophe Modeling Is in Demand, Well Beyond P/C Insurance
Catastrophe modeling is going mainstream, well beyond the world of property/casualty insurance underwriting. It is becoming a necessary tool as consumers and the municipalities in which they live ...
Another Tesla Crash Involving Autopilot Gets U.S. Regulatory Scrutiny
Tesla Inc. confirmed to police that another of its vehicles crashed with a driver using Autopilot, and the incident triggered more scrutiny by federal regulators. Technicians at the electric-car ...
U.S. Cyber Insurance Prices Dipped in Q1 as Capacity, Competition Grew: Marsh
Average U.S. cyber insurance prices dipped 1.7 percent in the 2018 first quarter, Marsh said in its Global Insurance Market Index for the quarter. This is the fourth time a decrease has happened in ...
Hackers Target Mexico Banks; $15M Reportedly Siphoned From Five Companies
Mexico's central bank said on Wednesday that a cyberattack had sucked around 300 million pesos ($15.33 million) in fraudulent transfers from five companies, but it was unclear how much thieves had ...
MGA Boost Insurance Secures Reinsurance Facility to Back Its InsurTech Development Platform
Boost Insurance has nailed down a dedicated reinsurance facility to help support its B2B InsurTech development platform. Nephila is leading the facility with participation from Markel Digital, the ...
Artificial Intelligence Takes On Policy Form Development
Artificial intelligence (AI), which has made its mark in insurance in efforts to automate underwriting, rating, and claims adjusting, is now being deployed to read, categorize, and even modify the ...
Eyes Wide Open: Biometrics, Blockchain Create New Challenges
A retail store's ability to authenticate customers by scanning their unique ear or retinal patterns may seem like something out of a sci-fi movie, but this type of identification technology isn't ...