Protecting Your Business from Social Engineering Fraud with Insurance

| July 31, 2019

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Social engineering fraud refers to scams that rely on psychological manipulation to convince the victims into surrendering restricted, sensitive information and funds by exploiting their trust. These attacks have become commonplace, with close to 83% of companies reporting that they’ve experienced phishing attacks in 2018. The losses associated with these attacks have also been consistently increasing. According to the FBI, companies in the US have lost $1.6 billion from 2013 to 2017.

Spotlight

Homesite Insurance

Founded in 1997, Homesite insurance was the first company to enable customers to purchase insurance directly online, during a single visit. Since then, we’ve continued to innovate at the pace of our customers and their changing expectations. One thing that’s stayed the same since our founding: our commitment to our customers and partners.

OTHER ARTICLES

Will COVID-19 Disrupt the InsurTech Movement?

Article | April 1, 2020

If there is one thing that we have all learned with the spread of COVID-19, it is that there is virtually no industry that is immune to its impact. The global pandemic is disrupting the daily lives of individuals, the operations of businesses, the activities of governments, and even the approach of cherished institutions like museums, universities, and religious organizations. The P&C insurance industry, like many others, is reeling from the implications of the virus. Amid the rapid changes that are taking place, it is important to assess the impact of COVID-19 on the InsurTech movement. After all, InsurTech has always been touted as the ultimate disruptor of the insurance industry. But, might COVID-19 prove to be a disruptor to InsurTech?

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How Insurance Industry Can Better Leverage the Potentials of Big Data?

Article | March 5, 2020

The insurance sector has largely been driven by data to drive the dynamics of the industry for several years. However, advances in technology now have led to a broad range of solutions to assess large volumes of information for useful patterns. So, in order to succeed and remain competitive in the ever-changing field, insurers are turning to Big Data and analytics. The increasing use of these solutions delivers the capabilities to transform the industry by providing valuable insights into all facets of company operations and performance.

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5 Deep Learning Use Cases for the Insurance Industry

Article | February 11, 2020

In 2010, with the launch of the Image Net Competition, a vast dataset of about 14 million labeled images was made open-source to inspire the development of cutting-edge image classifiers. This was when Deep Learning technology got it’s a real breakthrough and since then there’s been no looking back for advancements in this field.

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Claims - the final frontier for insurtechs

Article | March 4, 2020

What is the insurtech difference when it comes to claims? Jonathan Swift mulls on how the Next Generation is starting to figure this out “The claims experience is really critical to our brand and making sure that customers are saying Digital Risks is who I am insured with. Whilst others struggle with that, we want to be a case that if you have a claim it is Digital Risks who you are dealing with.” This sentiment is interesting because there has perhaps been an – incorrect – assumption that insurtechs are really only focused on acquiring customers by making it as simple as possible.

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Spotlight

Homesite Insurance

Founded in 1997, Homesite insurance was the first company to enable customers to purchase insurance directly online, during a single visit. Since then, we’ve continued to innovate at the pace of our customers and their changing expectations. One thing that’s stayed the same since our founding: our commitment to our customers and partners.

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