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PropertyCasualty360

InsurTech Insider

Apr 26, 2024

A Message From the Editor

From TikTok dance fads to embedded Instagram advertising, social media has saturated contemporary society. Around 4.74 billion people now use some type of social media platform, according to the market research firm Kepios. With all those users sharing data in the digital space, there are bound to be breaches. We look at the biggest culprits below. Today’s newsletter also includes a discussion of the risks and rewards of digitalization, new research about claims satisfaction, and an analysis of how data can improve catastrophe response.

– Executive Editor Elana Ashanti Jefferson

News

State Farm's Ting fire monitor detected and mitigated over 500 fires in 2022

By Ashley Hattle-Cleminshaw

State Farm and Whisker Labs report almost 10,000 homes have been saved from fire hazards using Ting. Read More

News

AmIBreached 3.0 accesses 150 billion records to find data breaches

By Ashley Hattle-Cleminshaw

AI-based monitoring programs may prevent or mitigate the losses facing cyber insurers and policyholders in the coming... Read More

Sponsored By ALM Partners

Leading Wisely: Becoming a Reflective Leader in Turbulent Times ($14.00 Value) FREE for a Limited Time

Discover true leadership with this actionable guide from a world renowned leadership expert, psychoanalyst, and executive coach Read More

Podcast

MGAs and AI: The case for more optimism than caution

By Elana Ashanti Jefferson

Michael Parcelli with Xceedance discusses the ability of AI to drive efficiency and profitable growth at MGAs. Read More

News

Nomination deadline for workers' comp risk management award quickly approaching

By Steve Hallo

The deadline to nominate is Wednesday, May 1, 2024. Read More

News

Uber app launches automated safety features to lower assault rates

By Ashley Hattle-Cleminshaw

Uber continues tightening safety measures to bolster faith among female passengers. Read More

News

Who's using what in P&C insurance: April 22, 2024

By PC360 Staff Writer

Insurance technology news from Mulberri, Matic, Struction Solutions and more. Read More

Sponsored By ALM Partners

6 Steps for Breaking Out of a Job Hunt Rut

Getting stuck in a job search rut is easy to do and very common amongst the majority of job searchers.. Read More

Market Insights

'Funflation' and the need for innovative ticketing-protection solutions

By Darcy Rittinger

Higher costs for live events coupled with risk-averse consumers mean ticketing platforms are eager for insurance partners. Read More

Research

More than 25% of Florida homeowners worry their carrier will pull coverage

By Steve Hallo

Around 13% of California homeowners worry about losing coverage, according to real estate site Redfin. Read More

News

Ransomware group leaks stolen Change Healthcare patient data

By Alan Goforth

The RansomHub cybercriminal hacking group followed through on threats to share sensitive records stolen from Change... Read More

Commentary

Automated, intelligent monitoring takes insurance to new heights

By Reuven Shnaps, Ph.D.

An Earnix survey reveals that most insurance leaders plan to use machine learning in pricing and underwriting. Read More

Slideshow

5 cyberthreats to watch in 2024

By Ashley Hattle-Cleminshaw

The 2024 Cybersecurity Benchmarking Survey shows top cyber concerns for insurers and policyholders. Read More

Market Insights

Legacy tech is holding insurers back from innovation, says report

By Michael Popke

Fewer than half of industry execs consider their companies 'advanced' in the main areas of business evolution. Read More

Save the Date

Introducing A New Conference Experience For All Participants Within The Claims Ecosystem!

Complex Claims & Litigation Forum - February 27th - March 1, 2023 | Join Us For A New Conference Experience Aimed At Helping Insurers Prevent, Prepare and Prevail In Adjudicating Complex Claims, Negotiating Settlements, and Winning Cases If A Claim Has To Go To Court. Learn More

Resources

7 Proven Strategies for Implementing a Workers' Comp Cloud Platform

Sponsored by: Origami Risk

Explore common pitfalls in core insurance transformations and how to avoid them. Discover comprehensive strategies and best practices to successfully plan and execute a cloud implementation in this comprehensive white paper. Learn More

WEBCAST DATE: May 1, 2024

Reinventing GL and BOP Programs: How Proper Risk Classification Can Boost Your Bottom Line

Join this complimentary webcast to discover how policies must continue to evolve to react to today's realities, and find out how these BOP and GL revisions impact classifications, rules, loss costs and forms Learn More

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