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ITA Pro Weekly, February 08, 2019

Bill Sinn | February 08, 2019

Cybersecurity tips, ITA LIVE 2019 registration discounts, and more from ITA.

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Viewpoints and Perspectives


Five Things to Consider When Evaluating Cyber Risk
by Jennifer Dumont

2018 was a banner year for big data breaches. Some of the biggest include Facebook, T-Mobile, Marriott and Ticketfly, just to name a few.  Millions of people had their personal data compromised, including locations, contacts, device information, addresses, phone numbers, and credit card information.
 
We have all heard about these large cyber hacks, some of which may have even affected you personally. But what most do not hear about are the small, everyday businesses that fall victim to data breaches--and the effects are devastating. 

Whether a company is private, non-profit or public, all types of businesses are at risk. Here are some basic tips you can share with your clients on how to evaluate their company's cyber exposure.  Read more...

 
Technology Trends and Tidbits
"Leveraging the power of advanced technologies—such as robotic process automation (RPA), machine learning, cognitive analytics, and natural language processing—could lead to even more fundamental changes in how risk management operates. These technologies may not only reduce operating expenses by automating manual tasks but also have the potential to improve effectiveness by automatically testing 100 percent of a set of transactions, rather than having humans test a sample, and by identifying potential risk events in real time to allow preventive actions to be taken. Yet, as they are employed more broadly—both in the risk management function and in the business units—advanced technologies also create additional risks that need to be managed."
 
Source: Deloitte Global Risk Management Survey, 11th Edition
 
Now is the Time...
 

Only One Week Left!

  • Nominations for the ITA Bridge Award must be submitted by next Friday, February 15, 2019. The ITA Bridge Award honors both insurance IT leaders and their business counterparts -- people who "bridge" the business and IT sides of their organization to create more efficient processes, implement cost-effective systems, develop streamlined operations, or just innovate or transform a particular business/IT area. Submit yours now at ITA Bridge Awards 2019.
  • Our early-bird registration fee of only $599 runs out on Friday, February 15, 2019. This small fee covers all educational sessions, group activities, and meals, including the Sunday group dinner and cocktail party. Register now at ITA LIVE 2019.
 
BREAKING NEWS FROM THE INSURANCE INDUSTRY 
Click on the links below to get the latest news in the insurance marketplace:
 
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ELECTRONIC CHAT

The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.

ITA LIVE 2019

The tide is up! It's time to register for ITA LIVE 2019, our annual educational and networking conference! Our theme is "The InsurTech Revolution: Cutting Through the Hype." and we'll be bringing in a torrent of industry thought leaders, amazing insight and wonderful perspectives on the world of insurtech and its impact on the insurance landscape.

ITA LIVE 2019 will present real-life examples of true startup technologies that are helping insurers gain real advantage -- and a competitive edge -- in the marketplace. We’ll highlight the more successful InsurTech partnerships, while offering case studies that demonstrate exciting innovation and cutting-edge techniques impacting all aspects of the insurance ecosystem.

Ride the wave to LIVE 2019. Sign up today! We look forward to seeing you in May, 2019!

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