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Revolutionizing Auto Insurance: How InsurTechs are Lowering Auto Insurance Costs with Usage-Based Policies

Trigent

Usage-based insurance, often referred to as UBI, has shot to popularity due to its immense potential for insurers when it comes to customization and cost savings. In-car technologies and the surge in connected cars significantly contribute to the growing market size of usage-based insurance. percent between 2023 and 2032.

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7 Regulatory and Compliance Frameworks with Broad Cloud Security Implications

Tenable

Security teams responsible for enforcing regulatory and compliance mandates in a scalable and consistent way are often challenged to translate general legislative guidelines and controls into specific policies, tools and processes. Cyberattacks not only pose financial or brand risk to an organization. For example, in the U.S.,

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Concerns remain even as the EU reaches a landmark deal to govern AI

CIO

If the rules are too strict or costly, non-EU firms will just make the decision to ignore the EU market,” said Ray Wang, principal analyst and founder of Constellation Research. Non-compliance with the regulations may result in fines ranging from $8 million (€7.5 million) or 1.5% of the turnover to $37.6

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Insurance Technologies: 13 Disruptive Ideas to Change Insurance Companies with Telematics, Blockchain, Machine Learning, and APIs

Altexsoft

Have you ever tried to check your insurance claim status? While some insurance carriers have made significant modifications courtesy of disruptive digitalization (we’ve already discussed this topic in our whitepaper), most companies trail behind. Insurants are not satisfied with their service providers.

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CIOs in financial services embrace gen AI — but with caution

CIO

Generative AI is starting off a new age of exploration in IT,” says Frank Schmidt, CTO at insurance firm Gen Re. We’ve started an ethical AI committee that consists of the legal, compliance, technology, and cybersecurity teams,” says Cugini. However, developing and deploying an LLM is costly.

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HIPAA compliance mobile app development 2021

Openxcell

These days the internet has exposed us to risks and hazards which we never heard of before. The mobile apps market is booming these days. Patient data protection has become a significant concern with vast amounts of patient data shared over the internet. It’s a fast-growing market packed with opportunities.

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Automotive startup Upstream raises $62M Series C to scale cloud-based security

TechCrunch

Aside from scaling its security operations further, Upstream also intends to use the fresh funds to expand its offerings in data analytics, insurance telematics, predictive analytics and business intelligence, the company said. The Series C was led by Mitsui Sumitomo Insurance and was joined by new investors I.D.I.