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Risk mitigation for cyber insurance: Digital tools, twins and ecosystems | Insurance Blog

Risk mitigation for cyber insurance: Digital tools, twins and ecosystems | Insurance Blog

Insurance
[ad_1] In our latest article, we explored some of the structural issues affecting the electronic insurance market today, including poor cybersecurity cleanliness, pooling risks and a scarcity of capital. Before e-insurance can truly become a mainstay of the digital economy — as a widely available, widely affordable and fixed product — these issues must be addressed. We have identified three main tools at the disposal of insurance companies: Mitigating individual risks by enhancing cybersecurity Exposure rights, especially for cyber disasters Expand access to capital for online subscribers Pulling these levers will not unlock billions of electronic premiums overnight. However, it will create a functional electronic marketplace that can be scaled sustainably - without...
Medicarians June 2022 in Las Vegas

Medicarians June 2022 in Las Vegas

Insurance
[ad_1] This post is part of a series sponsored by AgentSync. While Medicare is often just part of a larger industry, for a few days it was the proverbial belle of the insurance ball in brilliance - of lights or race depending on whether it was day or night - the city of Las Vegas. The inaugural Medicarians event, June 6-8, brought MedSups and Medicare Advantage together to discuss the challenges of serving a rapidly aging population. From emerging technology to regulatory challenges, the general consensus has been that insurance is ultimately a business, and will need people-based solutions as much as it needs technology innovations. While covering the work of aging is at the core of Medicare's work, working age has also been a hot topic of discussion in the sessions, with the ...
Is it safer to join an incumbent than an insurtech?

Is it safer to join an incumbent than an insurtech?

Insurance
[ad_1] Given the current challenges, business insurance I asked insurance stakeholders and experts to share their opinions on whether it would be better to join a well-established insurance company than to join an insurance company right now. Stephen Mendel, Co-Founder and CEO, Many Pets Group (pictured above): As the leader of a fast-growing insurance company, I believe we offer a much more fulfilling and progressive workplace than many incumbents. If you want to join an exciting game-changing insurance company, take a closer look at Business Sustainability. Does it have a proven track record with investors? When was the last funding round? Is it transparent about how the money is used? Is building an economically viable long...