As the world continues to digitalize, the prevalence and complexity of online scams have surged, posing significant threats to individuals and financial institutions alike. In response, Singapore’s Ministry of Home Affairs (MHA) has introduced the Protection from Scams Bill. This legislation aims
Rhode Island is taking a significant step towards enhancing cybersecurity in the insurance sector with a new data privacy law set to take effect on January 1, 2025. This landmark legislation requires insurers to establish and maintain a comprehensive written information security program, which must
Navigating the continuously shifting risk landscape is becoming increasingly complex for Chief Risk Officers (CROs) in the insurance industry. With a myriad of financial and non-financial risks to manage, CROs are now pivotal in steering their companies towards sustained profitable growth. This
In the rapidly evolving world of insurance, KYND Limited has carved out a significant niche in cyber risk management. Recently recognized on CNBC's World’s Top InsurTech Companies 2024 list, KYND's innovative use of technology places it at the forefront of the Underwriting and Risk Analysis sector.
The increasing digitalization of the Life and Annuity (L&A) sector has brought about significant enhancements in processes and service delivery for both policyholders and insurers. However, this wave of digital transformation also exposes life insurance companies to a new realm of cyber
The recent announcement from Zurich Insurance Group about its substantial investment in Cowbell Cyber marks a significant development for both the insurance and insurtech sectors, highlighting the growing importance of cutting-edge cybersecurity solutions within the industry. This move not only
