The Source for Cyber Insurance News, Insights and Data
Artificial intelligence (AI) is one of the most transformative technologies of our time. With this transformative power comes a number of new and emerging threats that bring cybersecurity and cyber insurance to the forefront. The Beazley Spotlight on Cyber and Technology Risks 2023 report states, “For the insurance industry, working with clients to help them … Read more
No doubt the major insurtech players (and, of course, the hackers) have a good start on leveraging AI for their business challenges. This report covers some of the areas AI will impact in the short term. “AI automation could make the claims filing, evaluation, and settlement processes more efficient. ‘Algorithms that use machine learning can … Read more
Peter Hedberg, Vice President of Cyber Underwriting at Corvus Insurance, worries the hackers may benefit more in the short term: “Chat GPT removes a lot of markers because the answers that this technology delivers seems so natural and so human, however this also allows for the attack vector to scale effectively. So, instead of spending … Read more