How is technology changing claims management in Latin America? The insurance market has long been associated with a lengthy and complex claims process. But, as all of us who ply our trade in this market know, this will soon no longer be the case. The modern insurance market is a unique and complex environment. As new digital technologies are developed, …
Chubb’s latest Cyber InFocus Report, “Know the Latest Trends in Cyber Risks,” outlines the newest cyber exposures that all institutions should have on their radar. The first of these new risks surrounds a recent surge in Biometrics Information Privacy Act (BIPA) lawsuits, which has created a growing need for organizations to better understand current and emerging privacy laws. BIPA regulates …
AIG is the cyber insurance policy’s lead underwriter, while also exposed are said to be insurance and reinsurance players AXIS, Berkshire Hathaway, Chubb, CNA, Nationwide, and Sompo International according to Artemis and Reinsurance News. The recent Capital One cyber hack attack and resulting significant data breach could lead to a significant cyber insurance and possibly reinsurance market loss, leading Property …
It is no secret that cryptocurrency is captivating audiences and opportunists on a global scale. By utilizing the cryptocurrency model of block chain technology, users can perform transactions more quickly and anonymously. As such, many believe cryptocurrency was initially created to facilitate illicit activity such as human trafficking and narcotics. That impression has since been replaced as more and more …
Every claim brings with it a mountain of data. Some of this data is readily accessible and subjects itself to straightforward analysis. Think policy type, coverage, customer demographics, or loss history. Other data, such as witness reports, images, email text, or client financials, are much less structured. They don’t lend themselves to spreadsheets, summaries, or quick conclusions. This makes them …
Demand is on the rise for cold storage vault services for cryptocurrency. As CIT and vault providers work to meet the demand, they are facing risks that are at once similar and very different from those they encounter with their cash services. As a vault or transport provider, how well do you understand the risks of cold storage? Our latest …
Mexico: Latin American Cyber Risks Seminar Confirmed speakers are: Zurich (Belén Navarro), Willis (Natalia Char y Marcela Visbal), MDD (Jessica Reyes), AMIS (Juan Riveroll, Asociación Mexicana de Insituciones de Seguros) and Insuralex Latin American Insurance Lawyers. (See brochure) Insuralex is a group created by independent law firms that specialise in Insurance and Reinsurance coverage, defence, litigation and all other related legal services. …
This is one of those things that seems so obvious that you would have prepared for it. If you are the only one who has the encryption keys to a big stash of cryptocurrency, wouldn’t you take precautions to mitigate the possibility of your death? In what must be one of the worst nightmares of cryptocurrency investors, news sources report …
By Lowers & Associates It’s no secret that Latin America has suffered its fair share of cyber-attacks, but the extent of the damage might be worse than many have imagined. In a 2018 study of cybercrime by the Organization of American States (OAS), 92% of banks in the study reported some kind of digital security event and more than 1 in 3 …
Bogotá | 5 septiembre 2018 | Plazas limitadas por orden de inscripción “Los riesgos cibernéticos y su asegurabilidad en América Latina” Chubb, Munich Re, AON, JLT y los abogados de diferentes países de Latino América especializados en seguros de Insuralex participan en este interesante seminario gratuito sobre riesgos cibernéticos en la región. Entre otros temas, durante el evento los …
Save the date! Colombia | September 5th 2018 | “Los riesgos cibernéticos y su asegurabilidad en Latinoamérica” Insuralex Programme, speakers and registrations will be published soon. Insuralex is an affiliation of independent and Chambers awarded law firms. Its members are all recognized by their peers in their own jurisdictions as expert in the fields of insurance, reinsurance and defence litigation. Insuralex currently have …
iNLIP, independent Network of Latam Insurance Professionals, proud Media Partner of The Claims Transformation Forum 2018 | London Insurance companies are competing aggressively in a rapidly changing business environment where evolving customer expectations, innovative technology and disruptive newcomers are redefining the marketplace. To remain relevant, competitive and drive business performance in 2018 and beyond, claims automation, digitalisation, claims analytics and claims experience management must be …
The insurance industry must turn its head to a number of critical business issues. Here we identify some of the issues we think are likely to make waves over the next 12 months: Brexit There hasn’t been a great deal of clarity in what will happen to the EU legal structure post-Brexit. Indeed, the UK insurance market has been largely …
The AIG model evaluates a client’s cyber security maturity against 10 common attack patterns across 11 commonly used technology devices. The model incorporates critical security data, such as current threat intelligence from multiple sources, effectiveness of an organization’s cyber controls, potential impact of a cyber breach on an organization, and insights gained from the thousands of cyber claims handled by …
Specialist insurer Beazley has partnered with Generali to manage data breaches for Generali Brazil’s new cyber insurance offering for its corporate and commercial clients. Beazley will coordinate the breach response for policyholders, including IT experts, legal services, identity monitoring, notification and call centre services, and public relations. Through this partnership, Generali Global Corporate & Commercial Brazil aims to offer the …
