Novarica Insurance Technology Webinar: Security

87% of temps say medical coverage is the most important benefit to them when looking for a job. In this webinar Essential StaffCARE will be talking about the impact of the ACA individual mandate repeal. These topics will be covered in the discussion: Brief ACA update. Individual mandate repeal as of January 1, 2019. What will employers do when there is still an employer mandate? How will ACA reporting be impacted? Explore the current labor market.

A simple Google search for 'big data definition' returns over 70M hits in less than one second, and only one definition appears more than once among the first dozen hits. Is the fact that this volume and variety can be accessed with such velocity a testament to the democratization of data, or is the lack of clear veracity for any one definition a sign of revolution to come? Will insurance uses of big data be decided by insurance professionals like actuaries or regulators, or will consumers be the ultimate decision makers of how their data is used in insurance and beyond? In this session we use case studies to examine issues and stories surrounding big data in insurance, with a focus on regulation and governance issues. We also reflect on various solutions under discussion at both the national and state level to address big data and how actuaries can help decide its future.

Cyber-crime is not new, but as the methods of nefarious actors have become more sophisticated, the defensive capabilities of organizations have failed to keep pace. Cyber-attacks on organizations show no signs of abating, they are becoming increasingly indiscriminate in their targeting, with small and medium sized firms now as vulnerable as their larger counterparts. A recent report by Hiscox brings the scale of the problem into sharp relief as according to the study, cyber-attacks against organizations have surged from 38% to 53% in the last 12 months. Despite this surge, however, recent figures show that 68% of North American businesses have yet to purchase any form of cyber insurance.

The facts are clear. Small businesses comprise the vast majority of commerce conducted in the United States. Looking at just one line, they represent billions in workers compensation insurance premium, much of it untapped.Insurers competing in the workers compensation space for small business recognize the opportunity, but often find it difficult to adapt traditional underwriting approaches to a volume-based business (with lower premiums).