Key Issues in Insurance - Cyber Insurance

Insurance companies face revenues erosion due to cyber threats. The advent of digitization has led to an increased demand for companies to protect themselves from data leaks since hackers and network failures pose greater risks to confidential data and operations. HUB Security is thrilled to host a panel of experts to discuss the key issues and solutions at our online event, "Cyber and Insurance: Threats & Solutions" on July 14th at 12 pm (EST). The panel will consist of Cyber and Insurance experts from leading companies (Scor, Gallagher, Tokio Marine HCC, Virtual I, SecurityScorecard). Discussions will focus on the present cyber threats and the ways they affect the economics of cyber insurance, as well as on key questions such as: What are the benefits of risk management insurance? Why is it so difficult to qualify for insurance? What are the challenges of filing a claim? Why are insurance premiums so high and what can be done about it? What are the future trends in cyber insurance?

Underwriting is at the heart of the insurance business. From evaluating individual risks and the exposures to an entire portfolio to assessing the risk, risk appetite, and ultimately profitability is increasingly crucial with rapidly changing risk factors from weather, climate, societal, technology, and more. The underwriting discipline is making major moves not just to automate the workflow but to change the way underwriting is done by providing access to more data sources to gain new risk analysis insights while creating significantly enhanced agent/broker and customer experiences.

In this webinar with ITL Editor-in-Chief Paul Carroll, Dr. Michel Leonard, head of the Insurance Information Institute's Economics and Analytics Department, lays out the Triple-I's latest thinking on the perplexing problem of inflation.

Changing customer expectations, digital transformation, growth needs in the face of resource scarcity, and environmental concerns are impacting every industry, including insurers. These changes accelerate the demand for new customer value and an enhanced customer experience (CX) is key to creating this value. For many insurers, CX transformation is an active investment area and a critical business objective for 2017. Digital transformation requires a vision of how to fully leverage the changes and opportunities of digital technologies in a strategic and prioritized way.