The partnership provides an end-to-end solution for the insurance industry to effectively quantify cyber risk as a core pillar of the cyber insurance underwriting process.
Ryu reflects on Guidewire’s history, his new role as chairman, what Mike Rosenbaum brings as CEO, and what the future of the insurance industry may hold.
The specialty insurer will use CyberCube’s Portfolio Manager to stress test its book of commercial business against a range of cyber-related catastrophe scenarios.
Hippo will leverage the acquisition to expand its services to include protective home maintenance, starting with home wellness checkups.
The insurer has signed a three-year agreement to use the vendor’s proprietary computer vision and machine learning technologies.
The insurer is the first to provide its members with the new commercial grade Roost Protection360 Service with 24/7 alert and verification of water leak, freeze and power outage.
The model supports probabilistic assessments of potential losses caused by yield shortfalls for 11 major crops across the two main India crop-growing seasons.
The new ransomware event modeling capability in Cyence for Cyber Risk Management aims at helping insurers accurately underwrite in an evolving cyber landscape.
Insurers are navigating a changing risk market must be prudent in assessing the data sources they rely on and identify the right tools to enhance their analytics capabilities.
Insurance carriers that are able to anticipate change and incorporate it into their data collection and transaction processing early will benefit from better outcomes of machine learning and artificial intelligence algorithms.