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.
According to a new study, more and more insurers are thinking about managing their data via a hybrid cloud. Hybrid clouds are a hybrid of public cloud and private cloud applications. Hybrid clouds enable industrial insurers to deliver applications and services faster - to the customer's benefit.
Insurtech companies embody technical innovation, optimize business processes and drive digitization forward. Most providers may congregate in the consumer market, but more and more of these startups are now moving into commercial and industrial insurance.
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