cyber insurnace

NAIC CEO Shares Insights on Insurance Regulation

Apr 28, 2022 / by AAIS posted in openIDL, Insights, Issues & Trends, Data & Technology, COVID-19, Homeowners, Climate Change, Cannabis, Auto, AAIS News & Views, AAIS Pulse, Data/Tech, NAIC, Regulation, pandemic, Regulators, Business Interruption, Economy, Cannabis Insurance, cyber insurnace

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On a recent edition of AAIS Pulse, NAIC CEO Mike Consedine sat down with AAIS President and CEO Ed Kelly to share his insights on major regulatory issues facing the insurance industry and the NAIC.

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Ransomware – The Other Epidemic

Jan 13, 2022 / by Linda Jancik posted in Issues & Trends, Data & Technology, Tech News, Homeowners, Cyber, New/Emerging Risks, P&C Insurers, AAIS News & Views, AAIS Insights, Data/Tech, Insurance Line of Business, cyber risk, cyber insurnace, ransomware

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Ransomware is a type of malicious software designed to block access to a computer system until a sum of money is paid and can target both individuals and businesses. The U.S. House Committee on Oversight and Reform shared that “in 2020, ransomware attacks on both public and private institutions in the U.S cost an estimated $19.5 billion. … in the first six months of 2021, financial institutions reported $590 million in ransomware-related transactions. Current trends indicate that ransomware transactions in 2021 alone will exceed the previous 10 years combined.”

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Swiss Re’s US P&C President Discusses Talent, Climate, Cyber, and More

Sep 1, 2021 / by Ed Kelly posted in openIDL, Community, Insurance, Issues & Trends, Data & Technology, Insurance News/Current Events, COVID-19, Cyber, New/Emerging Risks, Climate Change, Working in Insurance, P&C Insurers, AAIS Webinar Series, flood, Swiss Re, cyber risk, wildfire, social inflation, talent, talent gap, cyber insurnace

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In this edition of CEO Angles, AAIS President and CEO Ed Kelly speaks with Keith Wolfe, President of US Property & Casualty at Swiss Re and an AAIS board member, about lessons learned during the pandemic, the increasing value of data, the need to start looking at climate change, the troubling cyber risk trend, and the hot topic of social inflation.

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AAIS Learning-Pandemic Coverage in the Age of COVID-19
AAIS Pulse Chicago - AAIS Pulse is Back...and coming to Chicago!

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