Paragon Brokers’ Post

Bill Pappas, EVP, Head of Global Technology & Operations, MetLife, talks about the constant ramping up of evolution to the point of a level of volatility, uncertainty, complexity and ambiguity in today’s market that we’ve not seen before. This is driven by fast-changing customer expectations, geopolitical uncertainty, cyber security concerns and then a general ratcheting up of the technology demands of business today. That’s creating a unique pressure he’s not seen in his decades-long career in Financial Services. Watch the clip at https://lnkd.in/e28b8agM and catch the full episode at https://lnkd.in/ey9wqQpi #insurtech #insurance #futureofinsurance #innovation

In a recent conversation at InsureTech Connect, AmTrust's Prateek Sangal discussed how technology is leading to a 'Golden Age' in the insurance industry. These innovations allow insurers to effectively manage emerging risks, like cyber threats, while improving customer experiences. Learn more by watching the full interview with AM Best ⤵️.

How to Safeguard Your Business Against Cyber-Crime: https://lnkd.in/eenFmspK #insurance #protection #cover #business #businessowner

Protect what matters most in your digital life. Ensure your online transactions are safe and secure with comprehensive Cyber Insurance. Because in today's world, peace of mind is just a policy away Call now on +91 7798870725 to know more about SIPs in Mutual Funds Please reach out to me to learn more about Financial Goal Planning. +91 7798870725 #savings #investmentadvice #investoreducation #investor #rmb_district_3131 #financiallyempowered #financialadvisor #mutualfundssahihai #mutualfunds #indianequitymarkets #stockmarket #financiallyempowered #financialadvisor #mutualfundssahihai #elssmutualfunds #equities #investments #mutualfunds #rmb_district_3131 #taxsaving #incometaxes

As the digital transformation of financial services continues to increase in pace and scale, there is a heightened risk that B.C.’s citizens and its economy could be exposed to information security incidents that could compromise critical services or sensitive information. BCFSA has launched a public consultation requesting feedback on a proposed Information Security Incident Reporting Guideline for Extraprovincial Insurance Corporations and Extraprovincial Trust Corporations that outlines expectations regarding the reporting of material information security incidents. Learn more about the consultation and how to participate: https://ow.ly/lZHQ50SkbTC

🔔 Attention insurance and trust companies operating in British Columbia (BC)! BC Financial Services Authority (BCFSA) has launched a 60-day public consultation requesting feedback on a draft 𝙄𝙣𝙛𝙤𝙧𝙢𝙖𝙩𝙞𝙤𝙣 𝙎𝙚𝙘𝙪𝙧𝙞𝙩𝙮 𝙄𝙣𝙘𝙞𝙙𝙚𝙣𝙩 𝙍𝙚𝙥𝙤𝙧𝙩𝙞𝙣𝙜 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚 for extraprovincial insurance companies and extraprovincial trust companies. The Guideline applies to insurance companies and trust companies incorporated in other provinces and federally, if they are authorized to conduct business in BC. Key points:   ☝ Information security incidents include unauthorized, illegal or accidental use, disclosure, access to, modifications or destruction of data or impairment on the operations of an in-scope entity including its confidentiality, integrity or the availability of its systems ✌ In-scope entities would be required to report material information security incidents to BCFSA within 72 hrs.   🔄 This is similar to Financial Services Regulatory Authority of Ontario (FSRA)'s new Information Technology (IT) risk management guidance that came into effect on April 1, 2024. FSRA's guidance requires all of the entities it supervises to notify regulatory authorities as soon as is reasonable, which is normally within 72 hours of determining that an IT incident is material. For Ontario credit unions, insurance companies and reciprocals, 72 hours is the maximum amount of time permitted before notifying FSRA. The BCFSA draft Guideline is available online and the consultation closes on August 17, 2024. ⏱️   Gowling WLG | Rachel Runge | Alana Scotchmer | Natalia Castro 

In May, the NCSC released guidance for organisations considering payment in ransomware incidents. You can download the pdf here: https://lnkd.in/evAsfxhZ A couple of things to note: - The many benefits for policyholders of having access to Coalition Incident Response and in-house claims support - 'Pay on behalf' language for upfront costs relating to a claim - Pre-claims support for policyholders to ask questions and seek guidance https://lnkd.in/eNA-THKb #ransomware #cyberinsurance #cyberrisk

Dive into the Annual insurance review 2024 – discover comprehensive insights into the trends of the past year and forecasts for the year ahead spanning financial institutions, technology, construction, IP, cyber, D&O and legal practices. Explore the insurance landscape and stay ahead of the curve: https://lnkd.in/eQ3XNctk #InsuranceRPC #AIR2024 #GlobalAccessLawyers #Insurance #InsurTech

The Digital Operational Resilience Act (DORA) requires financial services organisations to secure and protect their digital assets and services. This may seem an obvious strategy but is it necessary to make it a law and impose severe penalties for non-compliance? In the modern interconnected world, cyber laxity, negligence or ignorance, potentially jeopardises the stability of the whole financial services industry, so the European Union have decided that yes, this needs to be enforced. We’re helping customers pinpoint the areas they need to work on to be DORA ready and while Ergo can offer the IT and digital expertise to achieve digital resilience, DORA also mandates legal and contractual obligations. That’s why we’ve partnered with Johnson Hana, ensuring we can deliver insight and expertise on all aspects of DORA readiness. To find out more information on the announcement, please visit: https://lnkd.in/ezv6rJeV

EMAIL SCAMS ARE ON THE RISE BE AWAE AND PROTECT YOURSELF AND FAMILY Visit our webpage NOW for more information. www.discountedpremium.com #homeinsurance #propertyinsurance #insurance #generalinsurance #autoinsurance #automobileinsurance #insurancequestions #askaway