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98% Indian firms surveyed admit to loss of sensitive information in 2023: Rubrik

by AIP Online Bureau | May 17, 2024 | Data, Eco/Invest/Demography, Health, Risk Management, Technology

According to the report, healthcare organisations experienced 50 per cent more encryption events than the global average across 2023 and cloud continues to drive inherent risk and security blind spots as 70 per cent of all data is typically not machine readable by...

U.S. cyber insurance maintains strong profits; premium growth slows

by AIP Online Bureau | Apr 16, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

Chicago/New York: Favorable cyber underwriting results are partly due to prior large increases in premium rates. Insurers are also being more careful in cyber risk selection and the underwriting process. They are requiring that customers maintain proper cyber hygiene...
India preferred destination for digital investments; focus on AI, big data, and cybersecurity intensifies: Nasscom

India preferred destination for digital investments; focus on AI, big data, and cybersecurity intensifies: Nasscom

by AIP Online Bureau | Apr 15, 2024 | Data, Eco/Invest/Demography, Technology

”Nearly 90 per cent of companies have signalled plans to boost investments in key digital technology areas in 2024, including artificial intelligence (AI)/machine learning (AI/ML), big data analytics, cloud computing, cybersecurity, and intelligent...
Hannover Re combines cyber and digital underwriting expertise in new specialty reinsurance business unit

Hannover Re combines cyber and digital underwriting expertise in new specialty reinsurance business unit

by AIP Online Bureau | Mar 27, 2024 | International News, Non-Life, Reinsurance, Risk Management

“The creation of a dedicated cyber and digital business unit allows us to create consistency and the best possible capacity for our clients and business partners.For insurtechs and many clients seeking cyber risk protection, we are already the trusted reinsurance...
Health and safety overtaking cyber as top risk for APAC directors and officers: WTW survey

Health and safety overtaking cyber as top risk for APAC directors and officers: WTW survey

by AIP Online Bureau | Mar 20, 2024 | Health, International News, Non-Life, Reinsurance, Risk Management

“The responsibilities incumbent upon directors and officers in APAC continue to evolve and become more nuanced, with aspects, such as employee safety, ESG-related obligations and cybersecurity-related pressures to be cognisant of. All set with a backdrop of...
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