Posted in Cyber Insurance blog on Aug 13, 2019
A cyber-incident response plan should be developed as part of a larger business continuity plan, which may include other plans and procedures for ensuring minimal impact to business functions (e.g., disaster recovery plans and crisis communication plans). Recovery activities encompass a tactical recovery phase and a strategic recovery phase. But why is this important? and.... How do you start?
Check out coverageR - a great insurtech resource - and an interview with Harry Croydon, CEO of STP Risk Services LLC
Studies have proven that high insurance penetration significantly reduces or even balances out the negative effects of catastrophic events economically. The positive economic effect of risk transfer is thus particularly strong in emerging economies. What use case is there for this and what can insurance companies do to help drive higher insurance adoption rates?
Posted in Blog on Aug 03, 2019
I was at an investor pitch meeting the other day and was asked about the valuation of a company. How to justify a X multiple of revenue. Truth is startups are generally just starting to get revenue from parts of the business, but there is so much more potential. At the time I did not have a good answer. This is about the answer I have now....
I do find it hard to keep up with my reading. I have found, along with many other people, that listening to books and audio files is a great way to keep up. Here is a recommendation for fans of AI and Cyber Crime....
The sharing economy is growing up fast, message is that the growth will reach or surpass PwC’s projections which show that five key sharing sectors—travel, car sharing, finance, staffing, and music and video streaming — have the potential to increase global revenues from roughly $15 billion in 2015 to around $335 billion by 2025. Massive growth.
Is Artificial Intelligence (AI) taking over everything? Do we have to fear or welcome this new AI tech? Is the reality that AI Augmentation more deliverable and welcoming?
In the USA and China an increasing number of tech companies are bringing more in house. Is this the lesson for Insurance? In-source not Outsource? Is this a path for a digital insurer.
Posted in MicroInsurance blog on Jun 07, 2019
June is the start of the hurricane season, the world is warming up and yet it is predicted as a 'normal' season. Also what are these stripes all about....?
Posted in InsurTech blog on Jun 06, 2019
What does it take to be a Digital Insurer? Well one of the basics is to have a deep and a sound understanding of Machine Learning (ML) and Artificial Intelligence (AI) with the capabilities to actually develop these for 'insurance' case studies.