Insurance Archives

Generative AI: Paving the Way for Continued Transformational Benefits and Challenges in the Near Future

August 22, 2023 by Thomas Canova

In recent years, the world of artificial intelligence (AI) has witnessed remarkable advancements that have reshaped industries, revolutionized processes, and elevated human capabilities. One of the most promising developments in this technology is Generative AI, a technology that holds the potential to deliver transformational benefits across various domains in the next couple of years. It … Read more

Third-Party Vendor Risk Management for Captive Insurance Companies

February 7, 2023February 7, 2023 by Thomas Canova

Third-Party Vendor Risk Management (VRM) and KYC should be a critical component of any Captive Insurance Company’s overall risk management program. Captive insurers rely heavily on vendors for various functions, including technology solutions, actuarial services, and claims processing, etc. So, it is critical for those Captive Insurance companies to manage their third-party vendor risks to … Read more

Companies Need To Strengthen Their Cyber Security To Become ‘Insurable’

January 23, 2023January 23, 2023 by Thomas Canova

Investing In Better IT Security to Protect Against Cyber-Attacks Will Make Organizations More Resilient Against Other Risks Including Third-Party Vendor Risk In 2023, companies in all market segments are now faced with the possibility of finding that they are unable to obtain a cyber security insurance policy since the volatility of cyber-attacks reaches new levels. … Read more

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