Insurance technology news from Mutua Madrileña, Cowbell and more. (Credit: TippaPatt/Shutterstock)

Mutua Madrileña selected GEMINAI, Diveplane’s flagship product, to support its synthetic data strategy. Like many, the insurance industry must navigate strict regulations and privacy concerns when sharing and utilizing policyholder data. This creates challenges as insurers determine risk models, price products, create policyholder standards and even determine rare occurrences. GEMINAI creates a verifiable synthetic ‘twin’ dataset with the same statistical properties of the original data, but without including real-world confidential information, allowing the data to be applied widely while adhering to privacy regulations and protecting personal information.

Cowbell partnered with Swiss Re to bring cyber insurance coverages to enterprises who are building their digital footprint on AWS. As worldwide spending on public cloud services is forecasted to reach nearly $500 billion in 2022, Cowbell and Swiss Re have combined their expertise to meet the increasing need to provide tailored coverages to organizations running in cloud environments. Cloud adoption continues on its rapid adoption trajectory, fueled by the new reality of remote and hybrid work. As enterprises digitize their operations, embracing a cloud-first approach has become the new norm for any business that desires a competitive advantage at speed.

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