Insurance experts, we want to know if you think existing business interruption or cyber policies will cover some of the losses due to the worldwide IT outage that is affecting banks, airlines, hospitals and more? What will be some of the factors to consider on whether or not there is coverage? What kind of liability could there be for CrowdStrike or Microsoft?
Digital Insurance
Online Media
Independent reporting on insurance's digital transformation and the insurtech startup community.
About us
Through multimedia reporting and events, Digital Insurance uncovers the stories that matter to insurance business leaders managing digital disruption.
- Website
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http://www.dig-in.com/
External link for Digital Insurance
- Industry
- Online Media
- Company size
- 51-200 employees
- Headquarters
- New York
- Type
- Privately Held
Locations
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Primary
New York, US
Employees at Digital Insurance
Updates
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North Carolina Department of Insurance commissioner Mike Causey spoke about the state’s emergency efforts following Hurricane Helene, including claims assistance. “The claims have just started trickling in. It'll be a slow process,” he said. “My concern is most people were flooded, and we had whole communities swept away by flood waters. I mean, they're gone. Most of those people, 97% to 98% of those people, did not have flood insurance, so they don't have insurance, so they're going to rely on FEMA grants.” https://bit.ly/3ZMjcGW #Helene #HurricaneHelene #insurance
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Benefits packages that address employee well-being and professional growth are essential for employers in today’s competitive job market, writes Paola Accettola, CEO and principal consultant, True North HR Consulting. “By incorporating core components such as health and wellness programs, work-life balance initiatives, and professional development opportunities, employers can significantly enhance employee satisfaction and productivity,” she writes. https://bit.ly/4gQhnyY #EmployeeBenefits
Developing comprehensive benefit plans beyond compensation
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42% of insurance consumers are likely to switch carriers for a better digital self-service experience, according to an Amdocs survey. Ann Dieleman, executive director at PIMA, writes about what this means for insurers. “This shift highlights the urgent need for insurers to modernize traditional models to stay relevant and competitive amidst emerging insurance industry trends,” she writes. https://bit.ly/3YdFYp5 #insurance #insurtech
5 strategies to leverage tech and engage Gen Z and Millennials
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In 2025, new National Association of Insurance Commissioners (NAIC) rules for insurers reporting their bond holdings take effect. Sabrina Wilson, CPA, FLMI and Robert Walde of Clearwater Analytics offer advice on how to use technology to help meet these requirements. Staying compliant with NAIC requirements can feel like a race against time,” they write. “Fortunately, technology has allowed insurers to tackle these challenges in a much more efficient way.” https://bit.ly/3NaaevR #insurance #regulation
How tech can help insurers tackle regulatory compliance
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Scott Shapiro, U.S. sector leader for insurance, KPMG US, describes three key ways insurance carriers can pursue digital transformation: develop an AI strategy, strengthen cybersecurity measures and foster a culture of risk management. “The importance of embracing digital technologies to streamline operations and enhance customer experiences has never been more essential to remain competitive,” he writes. https://bit.ly/3Yc0gQE #insurtech #insurance
3 ways digital transformation is essential for insurance operations
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As the use of AI becomes ubiquitous, governments are trying to create guardrails to protect consumers and businesses. The challenge arises when states, countries and businesses have different ideas about how to accomplish it.
Is it possible to regulate AI?
Digital Insurance on LinkedIn
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ICEYE, Vitesse PSP Limited and Cover Genius are among the largest P&C insurance equity deals in Q2. Check out the rankings for more about the top deals. https://bit.ly/3TSz7zM #insurance #property #casualty
10 largest P&C insurance equity deals in the second quarter
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Insurers are making efforts to put their own AI governance standards in place before regulators or governments step in, experts from Nationwide, Falcon Risk Services and Société Générale say. “We found pretty quickly that we need dedicated roles in the Gen AI space,” said Jim Grafmeyer, chief enterprise architect at Nationwide. “We were trying to shoehorn into existing structure and it did not work. Specialized roles were important, and we still probably have gaps there, but that's been key – to not make it people's part-time jobs.” https://bit.ly/3NaO1O4 #insurtech #AI #regulation
Insurers deploy AI governance for themselves
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Lloyd's announces Charles Roxburgh as its next chair, plus more people moves at Allianz, Northwestern Mutual, Ascot Group, CAC Specialty, Cowbell and others. https://bit.ly/3YaRXF6 #peoplemoves #insurance #insurtech
Insurance leadership changes: Lloyd's, Allianz and Northwestern Mutual
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