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
The rapidly changing terrain of cyber threats has necessitated a paradigm shift in the cyber insurance industry. Concerns that were once heavily skewed toward ransomware are now expanding to cover the realm of privacy breaches. Cyber insurance underwriters are increasingly recognizing privacy
As carmakers capitalize on the data boom, the sale of driving data opens a new economic front. Modern vehicles, laden with advanced tech, collect detailed records of our driving behaviors, revealing aspects of our lifestyle. This abundant information, while offering potential benefits in terms of
The insurance sector, traditionally reliant on vast archives of data and risk-averse, is undergoing a major transformation due to the proliferation of Internet of Things (IoT) technology. IoT's expansive data capabilities are revolutionizing insurers' risk assessment, policy management, and
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
