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The Ransomware Epidemic by the Numbers
During a session of the Casualty Actuarial Society Seminar on Reinsurance in June, Alexander Podmore, AVP and cyber underwriter for Swiss Re, defined a growing problem for cyber ...
Systemic Risk Analysis: Are Cyber Insurers Whistling Past the Graveyard?
While ransomware was the hot topic at 2021 midyear insurance industry conferences, discussions of the broader topic of systemic risk—spurred on by recent hacks of SolarWinds and Microsoft ...
‘Katy, Bar the Door’: More Risks Loom for Insurers Post-COVID
The soaring price of lumber was one of the hottest topics on the lips of industry executives speaking at midyear conferences, becoming a focus of discussion almost as often as cyber risks and social ...
Trov’s Evolution: From Barbra Streisand to Embedded Insurance
Trov may be the only InsurTech that began its existence with less than six degrees of separation from the likes of Barbra Streisand and Steven Spielberg. Early business plan pitches brought the ...
Forgotten Your Passwords? They Soon May Be Lost Altogether – With Insurers’ Help
The most popular password in 2020 was exposed almost 24 million times and took less than a second to crack. While a shocking statistic, when you learn that the most popular password of 2020 was ...
How We’re Doing It: What It’s Like to Be Acquired
A smaller company being acquired by a larger one is often compared to a minnow being swallowed by a bigger fish, and that's quite understandable. But that's not always true and, to borrow another ...
Telematics: It’s Not Just for New Business Pricing Anymore
GEICO had the right idea about following Progressive—and the majority of top auto insurers—into the world of telematics, but the benefits of the technology go well beyond matching rate and risk ...
Closing the Gap Between the Promise and Reality of Catastrophe Modeling
Beginning with the completion of my academic studies in earthquake engineering and continuing throughout my 25-year career in property/casualty insurance, I have been driven by the need and the ...