Sayata’s Post

How is AI changing insurance? Artificial intelligence (AI) is just another tool to free us up for higher levels of thinking, says Diana Liu, FCAS, MAAA at TransRe, speaking on a panel discussion at Intelligent Insurer's Cyber Risk and Insurance Innovation conference, who gathered to discuss the opportunities and implications of AI in the cyber insurance realm. Read more from the panel here: https://ow.ly/nSON50ShPn4

Deciphering AI’s Role in Insurance Raises More Questions Than Answers: At the 2024 cyber symposium, experts express the need for clarity in underwriting AI-related risks, underscoring the insurance industry’s struggle with fast-paced technological advancements. #Technology #Legislation #Regulation #RiskManagement

AI and Cybersecurity: Pioneering Insurance Evolution and Reinforcing Business Resilience. This cutting-edge exploration into AI's integration within cybersecurity and insurance sectors showcases a futuristic approach to risk management. It highlights AI's role in predicting threats, enhancing fraud detection, and tailoring insurance policies, offering a blueprint for businesses to navigate the digital frontier securely. #AICyberSecurity #RiskManagement #BusinessResilience #DigitalSecurity

Our CEO, Reuben Vandeventer, recently sat down with Risk & Insurance to discuss how SecondSight is setting a new standard in the cyber insurance market through advanced AI technologies. The conversation sheds light on the unique challenges and opportunities in cyber insurance, emphasizing the importance of modernizing interactions between customers, brokers, and carriers. Key Highlights: Addressing Information Asymmetry: Our vertical AI system is designed to enhance transparency and efficiency, ensuring all parties in the cyber insurance value chain have the information they need. Adaptive Experiences: By employing deep learning and transformer architectures, we create a dynamic user experience that evolves based on real-time data about technology usage. Exposurescape - A Game Changer: Our analytical copilot helps in modeling digital assets, identifying vulnerabilities, and pricing risks accurately. Reuben's insights are invaluable for anyone interested in the future of cyber insurance and the role of technology in enhancing market efficiencies. https://lnkd.in/gSEfKyEE

How Data Changes the #cyber-Insurance Market Outlook? This article by Dark Reading explains how data and AI analytics are transforming the way companies conduct cyber underwriting. It's fascinating to see how some companies are leveraging data to mitigate cyber risks and excel in the market, while others still perceive data as a hindrance. However, it's important to acknowledge that underwriting bias exists, and the best way to reduce it is by enabling underwriters to digest data more efficiently through advanced analytics tools. If you're interested in staying ahead of the curve in the cyber insurance market, let's connect and discuss. Check out the article here: https://lnkd.in/ga2WaDDF Cyberwrite Hartmut Mai Rami Parient Jack Corbett Christopher Petrick #underwriting #bias #cyberinsurance #cyberrisk #dataanalytics #AI

The report said the need to consider state support was driven by “the continuing transformation of the digital economy, the blending of physical processes with virtual control, and the growing role and expanding capabilities of new technologies, most recently, generative AI" #insurance #risk #cyberinsurance #cybersecurity

New OAC cyber insurance report focuses on AI, connectivness, and quantum computing. #cyberinsurance

🚀 New from VentureBeat: How AI and LLMs are Revolutionizing Cyber Insurance VentureBeat recently completed an in-depth analysis of how #AI and large language models (#LLMs) are revolutionizing the cyber insurance industry. Key Takeaways: 🔍 Enhanced Risk Evaluation: AI's precision in evaluating cyber risks is leading to more accurate insurance coverage. 🤖 Automated Underwriting: LLMs streamline underwriting processes, making them faster and more reliable. 💡 Practical Implementations: Real-world examples showcase how AI-driven solutions are already benefiting insurers and policyholders. 🌐 Future Outlook: Insights into the future integration of AI in cyber insurance, highlighting potential industry shifts. #AI #LLM #CyberInsurance #InsurTech #CyberSecurity #Innovation #Technology #FutureOfInsurance

New technology also brings with it new risks. Gallagher's John Farley is featured in this week's CFO Brew article discussing the impact of new AI regulations on CFOs. Dive into the insights shared by John and stay ahead of the compliance curve! Read the full article here: https://lnkd.in/eg25JJ_U #Cyber #Insurance

Harness AI and machine learning to enhance cyber insurance! This article outlines the integration of these technologies in improving risk assessments, fraud detection, underwriting, and claims processing. Discover how AI-driven tools provide more tailored and efficient cyber risk management solutions, offering significant advancements over traditional methods. #CyberInsurance #MachineLearning #AI #RiskManagement #Insurance