TechCrunch

APRIL 12, 2022

Processing claims at scale presents a challenge for insurers, particularly where the claims entail factors like complex underlying health conditions. A growing cohort of startups including Alan, Tractable and Snapsheet offer tools to help customers navigate through the insurance claims process. ” Accelerating insurance claims.

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TechCrunch

SEPTEMBER 16, 2022

Will Ross and William Steenbergen were AI researchers at Stanford working on climate and atmospheric modeling and reinforcement learning, respectively, when they began to collaborate on wildfire modeling and hurricane modeling initiatives for the insurance industry. He pointed to Russia sponsoring cyberattacks on U.S. Image Credits: Federato.

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TechCrunch

JULY 6, 2021

The pet insurance and perks startup has closed on a $12.5 The company was founded by Christie Horvath and Ali Foxworth , who both came from the world of finance and insurance and realized the gap in the market when it comes to pet insurance. Wagmo offers the wellness plan without an insurance plan. Wagmo is no different.

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N2Growth Blog

DECEMBER 26, 2023

Understanding the Evolving Role of Insurance Executives in Today’s Risk Landscape The role of insurance executives has significantly changed today’s risk landscape. Insurance executives must possess diverse skills and qualities to excel in this dynamic environment.

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TechCrunch

JULY 28, 2021

Spot is tackling this issue with a digital, on-demand injury insurance product that can be as-is or as a complement to traditional health insurance. We are setting the foundation to drive change and the distribution of insurance.”. That led to applying the same idea across youth sports, ski resorts and cycling organizations.

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TechCrunch

MAY 18, 2022

How many people have stuck with the same auto insurance provider because the process of finding a new one feels overwhelming and painful? Trellis says it has built an API platform that lets consumers shop for car insurance policies by offering side-by-side comparisons, a way to buy a new plan and cancel their old plan — all at once.

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Perficient

FEBRUARY 27, 2024

This blog was co-authored by Perficient’s Insurance Principal and expert: Brian Bell As we step into 2024, the insurance industry faces significant transformations driven by technological advancements and evolving customer expectations. Leveraging cloud technology for streamlined operations and enhanced scalability.

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TechCrunch

APRIL 20, 2021

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

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Tenable

OCTOBER 2, 2023

What’s with the surge in cyber insurance claims and what does ransomware have to do with it? Why is CISA warning critical infrastructure organizations about the Snatch ransomware? Ransomware causes a jump in cyber insurance claims. Curious about the newest ransomware trends detailed in the U.S. Department of Homeland Security.

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CIO

OCTOBER 20, 2023

But home and automobile insurance company Allstate is taking a different approach. based insurer has rebuilt its core application for claims processing, sales, and support, and plans to overhaul its entire portfolio of business processes, all with the aim to enhance and accelerate the customer experience.

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Trigent

SEPTEMBER 20, 2023

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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Perficient

DECEMBER 29, 2023

Since that blog was published, the FDIC has issued an update on its Restoration Plan for the Deposit Insurance Fund (DIF). The Federal Deposit Insurance Act (FDI Act) requires the FDIC Board to adopt a restoration plan when the DIF’s reserve ratio—the ratio of the fund balance relative to insured deposits—falls below 1.35

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DevOps.com

MAY 18, 2021

The post Leading Cyber Insurance Provider, Coalition, Launches Free Risk Management Platform to Help Organizations Combat Ransomware and Cyber Risk appeared first on DevOps.com.

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CIO

APRIL 23, 2024

The other: structural risks — situations that might become real and would cause serious damage to the IT organization and its business collaborators if they do. Insurance: You know how this plays out. If you buy insurance and the risks it covers aren’t realized you’ll be blamed for the money wasted on premiums.

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Coforge

JANUARY 3, 2024

Although most people are convinced of the revolutionary potential of AI, organizations vary widely in their adoption of the technology, primarily due to the type of business, possible hazards, and degree of impact. Thus, it becomes a top-of-mind concern for executives in all industries including the insurance sector.

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Sunflower Lab

JANUARY 8, 2024

Managing insurance verification in hospitals, where a large number of patients visit daily, can be a time-consuming challenge. Recognizing this, our insurance verification service employs an innovative middleware bot to streamline the process. What Is Health Insurance Eligibility Verification?

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CIO

MAY 1, 2023

Much of the confusion may stem from lack of agreement on the term itself: many envision repatriation as an organization completely shifting from a public cloud provider back to on-premises infrastructure, but this is seldom the case. This was the topic of Dell’s latest Power of Technology podcast by Mick Turner and Nick Brackney.

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Tenable

JULY 26, 2023

Cyber insurance has become a necessity, and the cost and effort to obtain it can be considerable. Still, your organization can boost its odds of landing the coverage it needs at a fair price that’s consistent with its risk profile. The reasons are varied. Increasingly customers require it from their vendors.

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Cloudera

NOVEMBER 16, 2020

The insurance industry has a long and intimate relationship with fraud in many different ways. Insurance fraud can take place at a process or business function level, most notably in claims or underwriting. Finally, it can be opportunistic or deliberate and organized. This means Insurance fraud costs the average U.S.

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Perficient

SEPTEMBER 19, 2023

The world’s largest gathering of insurance innovation, InsureTech Connect (ITC) , is right around the corner. Following last year’s conference, Perficient Insurance Principal Brian Bell shared three key takeaways from the 2022 event: First, data and analytics investments still topped many insurers’ list of operational priorities.

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N2Growth Blog

APRIL 17, 2023

Today, I will highlight some similarities in the insurance and finance industry and contrast them to Formula 1. Similarly, the insurance and finance industries are built on the promise of stability and security, playing a vital role in people’s lives and businesses.

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Kaseya

DECEMBER 16, 2021

Not only have cyberattacks become way more sophisticated, they increased by 29% across organizations worldwide during the first half of 2021. insurance giant, CNA Financial Corporation, was attacked by the ransomware group Phoenix and ended up paying a ransom of $40 million. Is cyber liability insurance beneficial for MSPs?

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Perficient

NOVEMBER 21, 2023

With nearly three decades of experience directing commercial lending, corporate finance, and insurance for leading brands, Perficient’s Insurance Principal, Brian Bell, stands at the forefront of our financial services practice. Brian believes insurance serves a noble purpose and is a great source of pride.

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Strategy Driven

DECEMBER 20, 2023

Every business in Hawaii is required by law to carry workers’ compensation insurance. Companies can purchase private market insurance from licensed insurers or through the assigned risk pool operated. Coverage for Employee Injuries All Hawaii businesses must carry workers’ compensation insurance.

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CIO

NOVEMBER 16, 2023

As an insurance company, we are quite data rich, so how do we take that rich data and convert it into valuable insights at scale, at speed, at the fingertips of our decision-makers? How is this approach impacting the IT organization itself? What’s the vision, and what does EA @scale, @pace enable the organization to do differently?

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TechCrunch

FEBRUARY 10, 2023

No matter how well you clean things up, the reputational hit to your organization will continue to cost you in lost business down the road. More than seven in ten organizations fear third parties have too much control over customer data, including needlessly broad permissions and authorization.

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Perficient

DECEMBER 13, 2023

Digital organizations in both healthcare and health insurance are focused on enhancing value for their patients and members. Your digital products become a trusted source of patient and/or member feedback to the organization that fuels their strategies beyond digital. What does it mean to be truly product-driven?

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CIO

MARCH 18, 2024

Compliance with DORA will require full adherence to five critical areas of focus outlined in the regulation: ICT risk management : This guidance establishes a standard framework for what organizations should do in response to an ICT security incident.

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CIO

FEBRUARY 6, 2024

When Matt Postulka left Arbella Insurance Group as deputy CIO at the start of the COVID-19 pandemic, he didn’t intend to look back. Even though that organization was much smaller … they were able to achieve things we [at IFS] struggled with, so there were a number of initiatives we put in place upon my return.”

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SecureWorks

DECEMBER 2, 2021

Type: Blogs Recovering from Ransomware: Cyber Insurance and Incident Response While cyber insurance can help mitigate the financial impact of a ransomware attack, organizations must understand the parameters of their policy before engaging an incident response vendor.

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CTOvision

FEBRUARY 13, 2019

Read Elana Ashanti Jefferson list top ten reasons why companies, small and big, should buy cyber insurance on Property Casualty 360 : In a move that reflects the growing urgency for companies, organizations and institutions worldwide to proactively face down and mitigate cybercrime, Beazley, a longtime cyber insurance market leader, announced recently (..)

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Praxent

NOVEMBER 10, 2020

FSI Member Spotlight, Episode #1: How Regulations Impact Innovation in Insurance. Caribou is passionate about the impact of technology on insurance and the workplace, having also co-founded HR Transform while serving as Partner at Semper Virons, a VC firm focused on future of work investments. ? The ‘API-ification’ of insurance.

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Perficient

FEBRUARY 22, 2023

Whether you’re an insurance carrier or a broker, change is here and change is about to accelerate beyond the prior few years when our world was modified in ways none of us had ever seen. For example, some policyholders may seek insurance options that are just not feasible as part of purchasing or service experiences.

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CIO

DECEMBER 27, 2023

Generative AI is starting off a new age of exploration in IT,” says Frank Schmidt, CTO at insurance firm Gen Re. We also pulled in some experts from Microsoft and Google to really understand what AI means to our sector.” “And I expect AI will become composable so it can play different roles in the organization.”

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CIO

JANUARY 29, 2024

Cultivating a culture of creators Power Home Remodeling’s business model is centered on remodeling the exterior of homes while its IT organization — what it calls the Business Technology (BT) Group — serves as the creative force behind a build-your-own software platform that operates in service to the business.

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CIO

APRIL 23, 2024

The global market for managed services will rise in 2024 due to organizations’ IT spending surge and larger investments in managed services deals involving AI and cloud computing, according to market intelligence firm IDC. This trend will continue over the next few years as more organizations experiment or go live with AI-enabled services.

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CIO

JANUARY 3, 2024

One of the solutions aimed to improve customer experience and agent efficiency in insurance company contact centers by creating an automated summary of customer-agent calls and chats. One of the features of this solution came from an IBM Consulting hackathon that took place in France in March 2023.

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