Evalueserve tames GenAI to boost client’s cyber underwriting
Firm’s insurance client adopts machine learning to interrogate risk posed by hackers
High-profile hacks are a clear and present danger, undermining business confidence as well as operability. For the financial industry, cyber risk is consistently the number one threat among operational risks.
Against a backdrop of concerning levels of security breaches, new US disclosure rules could create more demand for cyber insurance. But insurers haven’t been equipped to meet that demand with their existing processes, which were taking a long time to underwrite and price – in part because of
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