"Silent cyber exposure could exist in some insurance policies when cyber-related risks are not specifically included or excluded in the policy wording," Prashant Pai, vice president of cyber offerings at Verisk, said in a recent press release about AIR Worldwide (a Verisk business) teaming up with Capsicum Re to develop new cyber risk modeling scenarios. "As a result, it's possible the insurance industry could face higher-than-expected loss ratios when cyber incidents occur if certain cyber-related exposures are not necessarily accounted for during the underwriting process." (Shutterstock)
Today LexisNexis Risk Solutions just announced the launch of its LexisNexis Global Insurance Alliance program, which brings insurers across home, auto, life and commercial verticals, together with more than 125 technology vendors in order to access LexisNexis policy and claims solutions. By leveraging these prebuilt technology integrations, insurance carriers will be able to accelerate their time to market by delivering advanced analytics and new innovations through a scalable platform.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
