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“Silent cyber exposure could exist in some insurance policies when cyber-related risks are not specifically included or excluded in the policy wording,” Prashant Pai, vice president of cyber offerings at Verisk, said in a recent press release about firm AIR Worldwide (a Verisk business) teaming up with Capsicum Re to develop new cyber risk modeling scenarios. “As a result, it’s possible the insurance industry could face higher-than-expected loss ratios when cyber incidents occur if certain cyber-related exposures are not necessarily accounted for during the underwriting process.” “Silent cyber exposure could exist in some insurance policies when cyber-related risks are not specifically included or excluded in the policy wording,” Prashant Pai, vice president of cyber offerings at Verisk, said in a recent press release about AIR Worldwide (a Verisk business) teaming up with Capsicum Re to develop new cyber risk modeling scenarios. “As a result, it’s possible the insurance industry could face higher-than-expected loss ratios when cyber incidents occur if certain cyber-related exposures are not necessarily accounted for during the underwriting process.” (Shutterstock)

Today LexisNexis Risk Solutions just announced the launch of its LexisNexis Global Insurance Alliance program, which brings insurers across home, auto, life and commercial verticals, together with more than 125 technology vendors in order to access LexisNexis policy and claims solutions. By leveraging these prebuilt technology integrations, insurance carriers will be able to accelerate their time to market by delivering advanced analytics and new innovations through a scalable platform.

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