With all the buzz around ChatGPT and generative AI, it’s important to remember that cloud is the underpinning. Insurers will need to replatform by migrating to the cloud to enable innovation and growth through these new and emerging technologies. At the same time, they are taking a hard look at their legacy blocks to determine … Read more
In a recent Gartner survey, 45% of organisations experienced third-party-related business interruptions. This is despite the increased investments in third-party cybersecurity risk management (TPCRM) over the last two years. Zachary Smith “Third-party cybersecurity risk management is often resource-intensive, overly process-oriented and has little to show for in terms of results,” said Zachary Smith, Sr principal … Read more
Artemis has realized that world reinsurance firm Hannover Re is assessing its danger administration want in relation to the Ok-Cessions quota share sidecar for the second 12 months working and we’re informed different main reinsurers might also pursue this method, as firms handle their portfolios and are motivated to retain worthwhile dangers.Reinsurance sidecars are core … Read more
A printed report Wednesday indicated that Swedish fintech firm Klarna is “in search of to do away with virtually half of its staff within the coming years via efficiencies it says come up out of its funding in AI.” The article famous that the corporate has already diminished its head rely from 5,000 to three,800, … Read more
