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As AI gains more applications, the insurance industry knows it needs to keep pace in order to address the risks associated with its rise. AI goes across every aspect of insurance, but here we concentrate on the three sectors we consider it has particular impact.
The escalation of terror attacks and the methods employed have changed dramatically over recent years and the UK government and insurers are hastily adapting policies and legislation to reflect the evolving nature of this risk.
The Office of the Information Commissioner recently released its quarterly report on data breaches notified under the Privacy Act 1988. The report showed that healthcare is Australia’s leading sector for notifiable personal data breaches.
Cyber attacks represent a growing danger that threatens businesses of all sizes, irrespective of sector. This became increasingly evident in 2017 following the WannaCry and NotPetya attacks and unfortunately, the severity and frequency of attacks is continuing to grow.
The 4th Edition of the Miami Latin American Claims (Re) Insurance Forum, hosted by QLDG and Kennedys CMK from June 11 to 14, 2018, brought together over 185 key international and Latin American insurance industry experts to discuss top claims issues, trends, and developments in Latin America & the Caribbean.
The forwarding and supply chain industries are, like virtually any other industry, making increasing use of information technology. As with other industries this comes with its own risks - one of which is cyber attack.
Amendments to the Privacy Act 1988 (Cth) (the Act) which came into effect on 23 February 2018 introduce mandatory data breach notification provisions which all health service providers must comply with.
Global law firm Kennedys has strengthened its insurance coverage capabilities and global insurance practice with the hire of Mark Dessi from US firm Skarzynski Black. He joins as a partner in the New York office where he is reunited with several former partners from Sedgwick who joined Kennedys CMK last autumn.
While it is almost universally accepted that companies cannot prevent a cyber fraud attack taking place, it is possible to limit the damage that is suffered.
The carrier shall be bound, before and at the beginning of the voyage, to exercise due diligence to…properly man...the ship…