Insurers strive to model cyber crime

Firms are battling against a lack of data with which to model policies

Malware cyber criminal

In November 2014, a group calling itself the Guardians of Peace was discovered to have hacked into the computer systems of Sony Pictures Entertainment. Subsequent terror threats made to Sony by the hackers led to the cancellation of the New York premiere of The Interview, a controversial film about the fictional assassination of North Korean dictator Kim Jong-un.

By the end of 2014, the episode had already cost Sony roughly $15 million in investigation and remediation costs, while the US Federal

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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