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June 2018

cyber-insurance

Data breaches are on the rise, and companies across the globe are realizing with an ever-growing intensity that the negative impact of such occurrences can be devastating. In addition to the enormous risk to companies' assets, data breaches can result in loss of customers, sales, revenues and professional reputations. The following eight points are provided to help to inform and clarify how cyber insurance is...

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artificial-intelligence

Artificial intelligence technology has become more pervasive than ever. Complex algorithms within this technology enable companies across multiple business sectors to gather information and profile current and potential customers. This has enabled companies to easily provide solutions that fit customers' needs.   However, new legislation enacted by the European Union (EU) may make it difficult for insurance software providers to fully integrate AI into their platforms. The...

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blockchain-prototype

The realm of blockchain technology is affording new opportunities for growth and optimization globally in the processing of financial transactions, and now a new prototype has been developed and is being successfully used in the captive insurance market.   The prototype, developed and implemented by Allianz Global Corporate & Specialty (AGCS) in cooperation with Ernst & Young, Citi Treasury and Trade Solutions, and Ginetta, has successfully passed...

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software-as-a-service

Software As A Service Brings Immediate Return on Investment Software-as-a-service providers frequently promote the long-term savings offered by cloud technology. Smaller insurers might not have the time to wait for a return on an investment. Here are a few ways cloud-based insurance management software immediately brings a return on investment. Lower IT Costs The first savings you will notice after putting insurance management software in place will...

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The cryptocurrency world is in tumult, but there has been serious discussion within the financial and security sectors regarding the technology that powers the volatile currency. While no one is suggesting that you invest in crypto, a deeper look at the code that powers it can transform captive insurance technology.   Blockchain Basics Cryptocurrency was able to reach mainstream appeal based on blockchain, also known as open digital...

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Smaller insurance companies are migrating to the cloud using SaaS (Software as a Service) technology at an increasingly faster pace than ever before. Whether used for sales, administration or insurance underwriting software, these systems have helped to streamline insurance company software applications into a platform that supports all business functions with less hassle and greater affordability. These systems have helped to level the playing field...

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