Month: March 2024

With the utilization of cloud-based solutions, insurers can unlock valuable insights from vast amounts of data, enabling them to better understand customer behaviors, assess risk more accurately, and personalize their insurance products and services. Machine learning algorithms can automate underwriting processes, claims assessments, and fraud detection, significantly improving operational efficiency and reducing costs. Therefore, cloud-based … Read more

Insurance companies not only gather sensitive information from their clients but also generate their own corporate data that requires protection. With cyber attackers increasingly focusing on an industry rich in personal, medical, corporate, and other confidential data, insurance companies become prime targets with significant vulnerabilities. The evolving landscape of technology introduces cybersecurity challenges as we … Read more