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As Cyber insurance becomes a common element across the business landscape, accountants and actuaries will define the risks and assign financial value to these risks, otherwise known as codification.
AIG, the largest commercial insurer in the U.S. and Canada, increased limits on property policies by 67% in a bid to build ties with multinational clients.
Activist investor Carl Icahn, whos pushing AIG CEO Peter Hancock to shrink the insurer and boost returns, said the CEOs presentation next week on his vision must offer a drastic strategic shift.
Over five million jobs will be lost by 2020 as a result of developments in genetics, artificial intelligence, robotics and other technological change, according to World Economic Forum research.
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