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Cyber liability coverage is now necessary for most businesses, but it's no substitute for strong cybersecurity procedures.
More than 80% of insurers use cloud infrastructure today compared with just 29% in 2020.
The first half of the year also saw cyber insurance claims ticked up 12%, driven by an increase in ransomware and funds transfer fraud.
The latest emergency management technology is improving data collection and quality.
Here are the challenges insurance incumbents face in securing the tools needed to better keep up with our changing world.
As an industry, we need to think bigger and re-evaluate the way companies operate along with the tools they're using.
Staying busy and helping others are keys to maintaining a positive outlook during these challenging times.
Insurers and contractors are finding that cloud and strategic data analysis improve communication and streamline data sharing.
For the first time, the top global business risk identified in the Allianz Risk Barometer isn't business interruption.
Two key themes will define the narrative on industry change in 2020: digital transformation and group market benefits.
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