InsurTech is revolutionizing the insurance industry by offering cutting-edge solutions that are transforming how companies operate and comply with regulations. Meanwhile, RegTech is emerging as an essential tool for managing the complex landscape of insurance compliance. These technological
The increasing sophistication of cyber threats in the healthcare sector poses a significant risk to patient data and system integrity. Healthcare organizations must enforce HIPAA compliance to protect patient information and avoid severe financial penalties. Strategies such as multifactor
In an era where data is considered among the most valuable assets for any organization, vendor management has become a cornerstone of data compliance. The advent of stringent data protection regulations worldwide has meant that companies are not only responsible for their in-house data management
The U.S. Department of Health and Human Services is investigating a major cyberattack on Change Healthcare for possible HIPAA violations. This incident has disrupted services at healthcare centers by interfering with payment operations, a key role of Change Healthcare. The investigation will focus
The insurance sector is at a pivotal juncture as it embraces the potential of artificial intelligence (AI). Jack Willard's recent article, drawing from the Global Insurance Law Connect (GILC) report, delves into this evolving terrain. AI promises revolutionary enhancements in efficiency and
Proposed Legislation for MCCA Openness In an effort to bring about greater transparency within the Michigan Catastrophic Claims Association (MCCA), State Senators Mary Cavanagh and Rosemary Bayer have recently presented new legislative proposals that aim to hold the MCCA accountable to the public.
The insurance industry is being revolutionized by IoT technology. Once just offering policies online, like Progressive Insurance in 1997, the sector now leverages a steady flow of data from IoT devices in cars, homes, and on people to transform risk management and pricing models. The traditional
The insurance sector is on the cusp of a major evolution, pivotal to which is the Internet of Things (IoT). This technological advance is set to change the very foundation of risk assessment and insurance. As devices begin to communicate effortlessly, a deluge of real-time data becomes available to
The Dark Side of Connected Vehicle Services As vehicles become more technologically advanced, services like General Motors' OnStar Smart Driver program promise enhanced safety and convenience. But beneath the surface of these modern trappings lies a concerning ability to track and analyze our
The digital era ushers in unprecedented transformations across the globe, with Artificial Intelligence (AI) and Big Data redefining the nature of international trade and commerce. In this interconnected world, the fluidity of cross-border data flows has become the backbone of economic growth,
