Digital Insurance Transformation: Mobilizing Data in a Connected World

Security is a key issue for insurer CIOs, consuming more than 10% of IT spending and even more mental bandwidth. Issues include security practices and frameworks, as well as the impact of regulations like GDPR and NYS Cybersecurity. This webinar is based on our recent IT Security Update 2019 report.

Cyber attacks are at an all-time high. This session will explore recent cyber attacks on businesses, how cybersecurity insurance can mitigate those threats, the evolving coverages available to mitigate the risks of a cyber attack, and the evolving regulatory requirements related to cybersecurity. Hear from a panel of cyber insurance experts as they discuss the growing and ever-evolving realm of cyber insurance.

Workers’ compensation Medicare set-asides (WCMSAs) continue to present challenges for insurers. High WCMSA allocation amounts can complicate claim settlement and even prevent claim closure altogether. However, you often have more power than you think when it comes to reducing allocation costs. Time to take back control with effective WCMSA cost-mitigation strategies. This session will put you back in the driver’s seat to reduce WCMSA costs and get claims settled.

While cybersecurity insurance is still moderately new, demand for air cover against unknown cyber risk is increasing rapidly. Against a backdrop of rising cyber-attacks and increased regulations, organizations are feeling the pressure to ensure they are protected against data theft and loss. Fitch ratings estimates that premiums for standalone cyber policies are expected to increase by 30% in 2021. For insurance providers, this is a rare opportunity for growth and innovation. The panel will explore various trends to understand the dynamics that will shape the cyber insurance market in 2021 and beyond.