Risk Assessment

Why Won't Cyber Insurance Save You from Poor Security?
Regulatory & Compliance Why Won't Cyber Insurance Save You from Poor Security?

Imagine a business pouring significant resources into a robust cyber insurance policy, believing it to be a foolproof shield against the financial devastation of a data breach, only to discover after an attack that the claim is denied due to overlooked security basics. This scenario is far from

Fourth Circuit Expands Standing in Data Breach Lawsuits
Regulatory & Compliance Fourth Circuit Expands Standing in Data Breach Lawsuits

In a digital landscape where personal information is increasingly vulnerable to cyberattacks, a groundbreaking decision by the U.S. Court of Appeals for the Fourth Circuit has redefined the boundaries of who can seek legal recourse after a data breach, marking a pivotal moment in privacy law.

Cyber Insurance Struggles with AI Risks and Market Stability
Regulatory & Compliance Cyber Insurance Struggles with AI Risks and Market Stability

The cyber insurance market finds itself at a critical juncture, wrestling with the dual challenges of maintaining affordability for policyholders and ensuring financial stability for insurers amid an ever-evolving landscape of digital threats. As artificial intelligence (AI) amplifies the

How Will US Shutdown Chaos Impact Aviation Worker Claims?
Regulatory & Compliance How Will US Shutdown Chaos Impact Aviation Worker Claims?

Meet Simon Glairy, a seasoned expert in insurance and Insurtech, with a sharp focus on risk management and AI-driven risk assessment. With years of experience navigating complex challenges in high-stakes industries like aviation, Simon offers invaluable insights into the recent US government

Pibit AI Secures $7M to Revolutionize Insurance Underwriting
AI & Automation Pibit AI Secures $7M to Revolutionize Insurance Underwriting

In an era where the insurance industry grapples with persistent inefficiencies, a groundbreaking development has emerged to tackle these challenges head-on. Pibit AI, a promising InsurTech startup founded by Akash Agarwal, has recently raised $7 million in a funding round led by Stellaris Venture

OpenIDL Launches First Free Insurance Data Standard v.1.0
Digital Insurance OpenIDL Launches First Free Insurance Data Standard v.1.0

Pioneering a Data Revolution in Insurance The insurance industry stands at a critical juncture, burdened by fragmented data systems that cost billions annually in inefficiencies and missed opportunities, and with the launch of the openIDL Homeowners Standard v.1.0 by openIDL, an initiative under

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