AdvantageGo’s Post

Exciting news from Relativity6! 🚀 Our CEO, Alan Ringvald, recently sat down with AdvantageGo to discuss how Relativity6 is transforming cyber underwriting with real-time business data and industry classification. In the interview, Alan shares insights into how our AI-powered technology helps underwriters make more informed decisions, price risks accurately, and stay ahead of evolving cyber threats. This partnership with AdvantageGo represents a big step forward in delivering the "present view" of risk to the insurance industry. 🌟 Check out the full interview to learn more about how we're making waves in the world of cyber insurance! #InsuranceInnovation #CyberRisk #RealTimeData #Relativity6

Our latest Global Facultative Reinsurance Report - https://ow.ly/MP3850UHMyy - reveals that technology is influencing market sentiment in Latin America, with 70% of respondents in the region identifying artificial intelligence and automation as key strategic priorities. Additionally, 68% express cybersecurity as their top concern. These concerns are likely to drive increased demand for facultative reinsurance to address related risks, with nearly two-thirds (62%) stating that rising cybersecurity threats would prompt them to purchase more coverage. Click the link to download the full report, or reach out to Armando Montenegro, Head of Facultative, Latin America, to learn more about how the insurance industry is using facultative to balance risks and opportunities. #DirectandFac #Insurance #FAC #FacultativeReinsurance #Facultative #ASmarterWayToRisk

🎥 Coalition’s Ram: Insurtech feels no pressure to maintain lofty but “warranted” valuation Watch the FULL exclusive interview here👇 https://lnkd.in/eQcxZVND Coalition’s Shawn Ram has said that being cash flow positive since July 2022 means the insurtech feels no pressure to tee up its next liquidity event, with the $5bn valuation it achieved coming after funding conditions had already “tanked” and amid higher scrutiny. Shawn Ram | Coalition, Inc. | James Thaler I Reuters Watch the full interview with Coalition’s head of insurance Shawn Ram to hear more on: ✅ Why the insurtech feels no pressure to maintain its lofty valuation and believes it was warranted ✅ How general IPO market conditions will influence the timing on when Coalition might list ✅ The value Allianz brings as a key strategic partner and Coalition’s plans to remain independent ✅ Why cyber is far from being uninsurable and risk mitigation strategies ✅ Potential reinsurance opportunities to deploy Coalition model ✅ How Coalition has added coverage enhancements to address the increasing use of AI among threat actors for more sophisticated attacks, including voice cloning, deepfakes and more targeted email phishing ✅ Why cyber pricing is likely to go up in the second half of ’24 and why the insurtech expects more naive market players to be “flushed out” ✅ Coalition’s distribution strategy and its in-house managed detection and response service #TheInsurerTV #NewsinFocus #Insurtech #Cyber #CyberSecurity #InfoSec #MGA #insurance #reinsurance #insuranceinterview #reinsuranceinterview #insurancemarket #reinsurancemarket #insurancenews #reinsurancenews

#ICYMI: The newest edition of Graham Advisor is out now. In it, you will find insights from our experts on the latest trends in cyber, technology, employee benefits and more. Access the full newsletter at the link below. #RiskManagement #GrahamAdvisor

A robust feedback loop across claims, actuarial, and underwriting teams is essential to building a resilient cyber re/insurance market. Munich Re US's Paul Needle explains how structured data, common frameworks, and close collaboration enable insurers to adapt in an evolving cyber landscape. https://hubs.la/Q02-wzd50 #CyberInsurance #MunichRe #RiskManagement #DataInsights

Transforming your cyber underwriting business for more efficient, digital, end-to-end efficiency may be easier than you think. Learn how leading cyber insurance firms are cutting costs and increasing policy revenues using EXL’s cyber underwriting workbench. Our all-inclusive, digitized cyber underwriting platform, featuring automated submission intake, cyber data enrichment, and pricing analytics can quickly lift your business to the next level. Read all about it now. https://bit.ly/44UNVlL

Could an integrated, digitized, end-to-end underwriting solution be the key to writing more cyber security insurance over the next six months? Top firms seem to think so. By collating all data and processing functionality onto a single intuitive platform, the possibilities are endless. Check out what the industry leaders are doing now and start imagining the potential. Learn more here: https://lnkd.in/eUmDiktZ

Scott Fredericks from Ameritas Life Insurance dives into the evolving security and risk management dynamic. 💼🔐 From fostering collaboration between security & IT teams to tackling resource allocation challenges, he highlights the critical role of cyber insurance in quantifying risk. 📊💡 Plus, the importance of community engagement in shaping the future of security solutions. 🌐🤝 #CyberSecurity #RiskManagement #Collaboration #CyberInsurance #FutureOfSecurity #ITSecurity #TechTrends #CommunityDriven #AI #Tech #Innovate Qualys | Techstrong Group

As climate change and cyber threats intensify, insurers face the urgent need to strengthen their resilience and protect policyholders. For one insurer, automating their Outstanding Claims Reserve was key to staying proactive in risk management and regulatory compliance. Discover how advanced #data and #AI solutions transformed their OCR processes from a time-consuming bottleneck to a real-time-data powerhouse. And learn how other #insurance leaders can use these technologies to make more informed, risk-aware decisions: https://lnkd.in/dhemXyad

The #Crowdstrike bug caused a global outage - probably resulting in billions of dollars in damages worldwide in an event that will be referred to in the years to come when assessing risk and designing cat-models for cyber insurance. Cyber risk catastrophe modeling is here to predict the impact of such events on businesses and governments. Let’s hope the recovery period will be swift and operations resume quickly.