Data Privacy

Can New GFIA Leadership Navigate Rising Challenges in Insurance?
Regulatory & Compliance Can New GFIA Leadership Navigate Rising Challenges in Insurance?

The Global Federation of Insurance Associations (GFIA) recently held its general assembly in Cape Town, South Africa, where it appointed Stephen Frank as its new president. Frank, who has over 20 years of experience in the financial services sector and has been the CEO of the Canadian Life and

December 20, 2024
Was Krispy Kreme's Cybersecurity Incident a Threat to Its Operations?
Regulatory & Compliance Was Krispy Kreme's Cybersecurity Incident a Threat to Its Operations?

Krispy Kreme Inc. recently faced a significant cybersecurity incident that disrupted its operations, notably affecting online ordering in parts of the United States. The breach, which was discovered on November 29, prompted an immediate response from the company, including an investigation with the

December 17, 2024
FTC Acts Against Mobilewalla, Gravy Analytics for Data Privacy Violations
Regulatory & Compliance FTC Acts Against Mobilewalla, Gravy Analytics for Data Privacy Violations

The Federal Trade Commission (FTC) has recently taken significant actions against data brokers Mobilewalla and Gravy Analytics for unlawfully tracking and selling consumer data without their consent. These actions underscore the FTC's commitment to protecting consumer privacy and preventing

December 9, 2024
Are Climate, Cyber, and Collectibles Threats to High-Net-Worth Families?
Regulatory & Compliance Are Climate, Cyber, and Collectibles Threats to High-Net-Worth Families?

Affluent households, particularly those with assets ranging from $500,000 to $5 million, face a unique set of risks and concerns. The 2024 Wealth Report by Chubb highlights three primary areas of concern: climate change, cyber risks, and the protection of high-value collectibles. These issues are

December 9, 2024
State-Level Insurance Regulatory Actions: Fraud, Fines, and Innovations
Regulatory & Compliance State-Level Insurance Regulatory Actions: Fraud, Fines, and Innovations

The recent regulatory roundup highlights various state-level legislative and compliance actions within the insurance sector across the United States, emphasizing insurance fraud, new regulatory initiatives, and significant compliance-related fines. This comprehensive summary aims to outline the key

December 6, 2024
AI Revolutionizing Risk Assessment and Claims in Insurance Industry
Risk Management AI Revolutionizing Risk Assessment and Claims in Insurance Industry

The insurance industry, traditionally reliant on historical data, standardized metrics, and manual processes, is undergoing a significant transformation with the advent of Artificial Intelligence (AI). By leveraging AI-driven analytics, insurers can now offer faster, more accurate, and highly

November 22, 2024
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