With the unprecedented spread of the COVID-19 coronavirus at the forefront of everyone’s minds, the team here at Robert Gerrard wanted to let you know that we’re doing all we can to ensure business as usual, as well as provide some helpful advice and insights into the aspects of insurance that most people are asking us about.
Artificial intelligence is expected to alter many facets of the insurance industry, and is already making an impact in many areas. From ultra-tailored policies and pricing based on precise, data-powered risk assessments to automated screening of fraudulent claims, the future seems set to enjoy boosted productivity, more streamlined decision making, lowered costs and an enhanced consumer experience.
Ransomware is a form of malware that encrypts a victim’s files so that data cannot be accessed. The attacker then demands a ransom from the victim in exchange for restoring the data. Some of the more aggressive forms of ransomware exploit security holes in operating systems, infecting computers without the need to deceive users. One such security vulnerability is BlueKeep, discovered in May 2019 to be affecting older versions of Microsoft Windows.
We recently explored the subject of business email compromise, a form of cyber-crime. If you decided the topic was not relevant because you don’t run a business reliant on IT systems then we would urge you to read on, because cyber-crime is becoming increasingly prevalent in many industries, including lift engineering and construction.