Crime Insurance for All Risks

| January 6, 2020

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Cybercrime is one of the most threating areas of any business relying on technology, software, and internet connection. While most companies are worried about potential hacks, not all threats come from data that is stolen. According to the information presented by Axis Insurance, approximately 13% of cyberattacks come from cyber deception.

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Insurtech Advisors LLC

Insurtech Advisors LLC helps connect small and mid-sized insurance carriers to the advances occurring in the Insurtech space. We do this by working individually with each member carrier to identify which Insurtech companies are best suited to support their unique business model. We then work with both Insurtech and Carrier to ensure a successful integration of the new technology into their current processes in a cost and resource efficient way.

OTHER ARTICLES

Can You Get Business Insurance without a Business License?

Article | March 16, 2020

Opening a business brings many questions, and the very fact that you’re interested in learning more about insurance for your company demonstrates your responsibility as an entrepreneur. In most cases, you don’t need to have your business license yet to purchase insurance for your company, which means you can get started on this critical task right away. However, you should know there are certain types of insurance you may be required to carry in order to get or maintain your business license. There are also other types you should obtain to protect you from the consequences of lawsuits or unexpected events down the road.

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How Are Chatbots and Artificial Intelligence Are Adding Value To The Insurance Sector

Article | March 16, 2020

Chatbots are capable of providing one-on-one consultancy to website visitors, customers, as well as internal employees. In the insurance industry, this is vital, as it is a large, complex industry that customers and employees alike may have questions about. Where do chatbots fit in within the insurance industry? One of our chatbot experts has crafted a list of key areas for chatbots in the insurance industry.

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Putting a price on protection: the importance of cyber insurance

Article | March 16, 2020

For almost as long as businesses have been subject to risk, some form of insurance has existed to mitigate their exposure. The first recorded commercial insurance policies date back to Babylonian times, and in the thousands of years since, the types of business cover available have multiplied exponentially, driven by the uptake of technology. It’s now over 20 years since the first cybersecurity policy was written. At the time, this was considered groundbreaking – although by modern standards, its scope was limited. These days, cyber insurance providers cast a far wider net. By 2025, it’s expected the global market size will grow to over $23 billion. Some policies cover the costs arising from first-party data breaches, while others cover liability for damages, providing assurance for companies who collect and store sensitive customer information.

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What You Need to Know About Coronavirus and Medicare Coverage

Article | March 16, 2020

Medicare Rights now has a flier with information about Medicare coverage and coronavirus.Congress passed legislation (H.R. 6201) that would waive all beneficiary cost sharing for coronavirus testing and the associated doctor’s office visit. The President is expected to sign the bill soon. Early Saturday, March 14, the House passed legislation (H.R. 6201) that would waive all beneficiary cost sharing for coronavirus testing and the associated doctor’s office visit. A Senate vote is expected soon.

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Spotlight

Insurtech Advisors LLC

Insurtech Advisors LLC helps connect small and mid-sized insurance carriers to the advances occurring in the Insurtech space. We do this by working individually with each member carrier to identify which Insurtech companies are best suited to support their unique business model. We then work with both Insurtech and Carrier to ensure a successful integration of the new technology into their current processes in a cost and resource efficient way.

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