Matthew Lerner

1 week ago | businessinsurance.com | Matthew Lerner

CHICAGO — Computer programming code generated with artificial intelligence as well as AI “hallucinations” are introducing new risk and exposures to the cyber threat landscape, according to a cyber security expert speaking Tuesday at the Risk & Insurance Management Society Inc.’s Riskworld 2025 conference.

1 week ago | businessinsurance.com | Matthew Lerner

CHICAGO – Having an incident response plan in place can help mitigate disruption and losses in the case of a cyber incident, Anthony Dolce, head of professional liability and cyber underwriting for The Hartford Insurance Group Inc., said Tuesday at the Risk and Insurance Management Society Inc.’s Riskworld 2025 conference. From ransomware to social engineering to business email compromise, the threat landscape remains virulent.

1 week ago | businessinsurance.com | Matthew Lerner

CHICAGO – Artificial intelligence can be a powerful tool for recovery after a cyber incident and proved itself so in the wake of a software mishap last year involving cybersecurity company CrowdStrike, according to company executives who spoke Monday at the Risk and Insurance Management Society Inc.’s Riskworld 2025 conference. Meanwhile, the evolution of AI is also providing threat actors with expanded capabilities, especially in areas such as email phishing attacks and ransomware.

1 week ago | businessinsurance.com | Matthew Lerner

Global reinsurers have over the past two years shown improved combined ratios and capital position, which led A.M Best to revise its outlook for the sector last year from stable to positive, a company executive said Monday. The improved pricing “wasn’t just about repricing,” it was also about “de-risking,” Antonietta Iachetta, associate director, global reinsurance, at Best, said Monday at the Risk and Insurance Management Society Inc.’s Riskworld 2025 conference.

1 week ago | businessinsurance.com | Matthew Lerner

CHICAGO — Parametric insurance has evolved “from the unique to the ubiquitous,” according to Megan Linkin, New York-based expert parametric natural catastrophe structurer for Swiss Re Corporate Solutions, part of Swiss Re Ltd., speaking Monday at the Risk & Insurance Management Society Inc.’s Riskworld conference. Parametric insurance policies use a specific data point, or “parameter,” such as windspeed or rainfall, to trigger a claim.