Tracking enables new valuable business models for insurance companies

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.

Like other enterprises dealing in sensitive and confidential information, credit unions are the targets of costly data breaches, ransomware scenarios, and other cyberattacks. Traditional insurance policies, such as liability or property policies, leave gaps in coverage for the usual costs of a cyberattack. That’s where cybersecurity insurance can protect credit unions. This webinar will explain why credit unions should obtain cybersecurity insurance and the best practices for selecting a cybersecurity insurance policy.

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.

Thought leaders discuss the characteristics of the new digital core including data, analytics, & API's & microservices and the best practices being used to take full advantage of them throughout the insurance value chain.