Category:

Risk Management

Blockchain: Mechanics and Magic

Executives need to have a basic understanding of the mechanics and an appreciation of the magic in order to assess the applicability of blockchains to their insurance business problems. This article will step back from the hype and explain how a blockchain works. It will highlight some surprising capabilities and debunk some confusing myths and inaccuracies.

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EU dismisses UK concerns about Post-Brexit continuity of Insurance Contracts

At issue is the ability of firms to continue servicing contracts if the U.K. leaves the EU with no agreement in place to ensure firms still have the authorizations they need to do business in both markets. Without those permissions, firms could be unable to carry out so-called life cycle events in derivatives contracts, such as trade compression; insurers could lose the authorizations they need to collect premiums and pay claims

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Mitigating Cyber Risk via Captives

There are innumerable other examples of hackers exploiting flaws in a connected object for malicious purposes. And considering the number and variety of IoT (Internet of Things) devices in use in different settings, preventing hackers from exploiting security gaps in connected objects can be a daunting proposition

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