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Rideshare insurer taps state-of-the-art Guidewire ClaimCenter to enable adjusters to more easily manage claims
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Comunicato Stampa
Rideshare insurer taps state-of-the-art Guidewire ClaimCenter to enable adjusters to more easily manage claims
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Commerce Bank Joins Guidewire PartnerConnect Solution Alliance Ecosystem to Digitize Claims Payments
Commerce Bank’s electronic claims payment technology to help reduce check usage and increase digital claims payments and customer satisfaction
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Guidewire deepens relationship with MKDF to support insurer system implementations and ensure optimal effectiveness and project efficiency
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We are all well aware that ransomware exposures and impacts have grown rapidly as professionals have shifted to working from home because of the pandemic, resulting in expanded threat and attack surfaces. By some accounts, ransomware attacks increased nearly 150% in the past year, and insurance claims and costs of payments skyrocketed after having already jumped approximately 230% between 2018-19. Insurance claims from cyber/ransomware events have consumed up to 40% of the claims of some insurers’ cyber books.
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Articolo esterno
We are all well aware that ransomware exposures and impacts have grown rapidly as professionals have shifted to working from home because of the pandemic, resulting in expanded threat and attack surfaces. By some accounts, ransomware attacks increased nearly 150% in the past year, and insurance claims and costs of payments skyrocketed after having already jumped approximately 230% between 2018-19. Insurance claims from cyber/ransomware events have consumed up to 40% of the claims of some insurers’ cyber books.
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The challenges of underwriting the small and medium business (SMB) market are well documented: Challenging life expectancy of SMBs and thin margins make pricing efficiency vital and difficult. Traditional underwriting methods are costly and slow in a market where volume is key and waves of changes impact risk.
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We know that 2020 saw the pandemic accelerate widespread adoption of digital channels by businesses and individuals alike. But there is a dark side to our societies’ greater and deeper digital dependency; a parallel rise in fraud and online crime. Cyber security experts have reported on a ‘gold rush’ of COVID-19-themed cyber attacks globally, and insurers are encountering a similar rise in assumed fraud rates.
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