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With all the connectivity that cloud enables, and complex dynamics at play in determining who has the responsibility to process and protect PII, insurers need to work with their ecosystem partners to protect the data of their customers and employees.
In this Insurance News Analysis, we were delighted to welcome Aaron Davidson, Global Head of Insurance at ServiceNow to discuss how insurers are adjusting to the demands of technology and operations and offering customers the products and experiences they expect.
We discuss how convenience and security are often trade-offs in a more connected world as evidenced by this story of how a bank executiveโs personal information, and material non-public business data, were retained in hardware resold from a total loss vehicle.
As insurers are looking at these complexities and trade-offs, they still need to be sure they are offering customers the coverages they need. We discuss how factors like inflation and supply chain disruption are changing the risk landscape and in an industry where retention is key, how insurers need to help firms to understand the coverage they need.ย
In cyber insurance, where thereโs less data to go on in terms of loss history in order to accurately assess risk, we discussย how insurers can navigate these uncharted parts of the risk landscape.
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Disclaimer: This content is provided for general information purposes and is not intended to be used in place of consultation with our professional advisors.
Disclaimer: This document refers to marks owned by third parties. All such third-party marks are the property of their respective owners. No sponsorship, endorsement or approval of this content by the owners of such marks is intended, expressed or implied.
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