The Blockchain makes Smart Contracts possible: fully automated contracts that come into force under certain conditions. What began with the crypto currency Bitcoin is now also becoming interesting in the market for commercial and industrial insurance.
Cyber risks and corresponding insurance solutions are increasingly occupying the industry. Soon the DSGVO will come into force - how far have German insurers progressed with its implementation? This and more news from the insurance industry in our overview.
The first step in assessing cybercrime risks is to form a powerful team around the IT staff. The assessment is carried out, for example, using cyber-hygiene checks, risk planning and modelling and the comparison of hypothetical risk scenarios in the company.
Digitization is driving change in commercial and industrial insurance. Whether you succeed in taking the step into the digital future will in the long term determine your company’s business success. Read in the first part of our series how digitization is influencing how the actors act in the market.
Digitization poses major challenges for the insurance industy. Technological advances not only lead to a reorientation of internal processes, they also create entirely new methods of customer communication. In addition, they facilitate the development of a new generation of innovative insurance products.
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