P/C Insurer Software Provider Guidewire to Acquire Data Science Firm Cyence
Guidewire Software Inc., a provider of core operations software to property/casualty insurers, has agreed to acquire Cyence, a data science and risk analytics software company. Guidewire will pay...
View ArticleNew Risks Impacting E & O Claims
Cyber risk is just one of the factors impacting errors and omissions claims, according to panelists at the American Bar Association’s annual Tort Trial & Insurance Practice Section’s Insurance...
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AIR Releases Industry’s First Open Source Cyber Scenario Catastrophe modeling firm AIR Worldwide announced it has released the industry’s first open source deterministic cyber risk scenario. AIR plans...
View ArticleLack of New Employee Training Can Impact Businesses’ Cyber Risk
Organizations experiencing data breaches are judged by their employees as lacking a learning culture and failing to put the customer at the center of business activity, according to a new analysis from...
View ArticleCyber Terrorism a Major Concern for U.S. Businesses
U.S. businesses focused on addressing crisis management in the event of an on premise terrorist attack may be leaving their information systems vulnerable to a cyber attack. According to The Global...
View ArticleQBE: Many Risk Factors to Consider When Choosing Suppliers
Location, energy sources and data protection are among some of the risk factors businesses need to consider when selecting a supplier, according to QBE North America, an operating division of global...
View ArticleAssurant: Smart Home Hacking Risks Concern Consumers
Consumers are excited by the progression toward ‘connected living’ and the many ways connected technologies can improve their lives, according to a new study by Assurant, Inc. However, the study,...
View ArticleBusinesses Face Evolving Cyber Risk
Though several factors affect a firm’s cyber risk, people remain the critical vulnerability, according to Scott Stransky, assistant vice president and principal scientist with AIR Worldwide. In an...
View ArticleRisk of Attack Higher Because of China’s Fondness for Pirated Software
China’s fondness for pirated software left it especially vulnerable to the latest global cyberattack. Beijing has tolerated rampant use of unlicensed software copies despite repeated promises to crack...
View ArticleCyber Risks to Exceed Natural Disasters for Insurers: Scor CEO
Cyber risks will soon become bigger risks than natural catastrophes for the insurance sector, Scor Chairman and Chief Executive Officer Denis Kessler said, recommending the industry build a...
View ArticleSurvey Suggests Ransomware Broadening Perceptions of Cyber Risks
Corporate risk managers are increasingly focusing on protecting their enterprises from business interruption after a series of ransomware attacks on government agencies highlighted the peril of losing...
View ArticleThe Top 5 Risks Facing Today’s Directors & Officers
Cyber attacks and data loss are the top two risks facing directors and officers, with pandemic-related changes in working practices heightening these concerns, according to a global survey from broker...
View ArticleViewpoint: AI, Cyber Top List of Complex Legal Professional Liability Claims...
The lawyers professional liability segment hasn’t been immune to increasing claims frequency and severity as growing economic challenges and an ever-evolving legal landscape heighten the exposures...
View ArticleReinsurers Expected to Raise Cyber Rates as They Seek to Regain...
More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according to a report published by S&P Global Ratings. “Reinsurers...
View ArticleEffective Cyber Risk Management Requires Transparency
Cyber risk is manageable. But only if everyone involved in managing that risk is on the same page. Typically, when new cyber threats are detected or announced, cyber insurers notify their policyholders...
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