There are days when we’d prefer for someone else to do the thinking for us – and these days, that wish is not so far-fetched! One of the more opportunistic developments has been the field of artificial intelligence (“AI”). With the overwhelming amount of data available to help us assess and evaluate matters, using AI to rapidly digest information presents a potential sea change in many industries. From language translation to diagnosing and treating cancer, it’s applications are far-reaching.
We’re excited to share our most recent whitepaper titled “The reality behind Artificial Intelligence” authored by Technology Risk Control Manager Tushar Nandwana. In this paper, Tushar explains the various forms of AI and how they function, describes several examples of AI and offers a view of risks and concerns.
To view our entire technology-focused whitepapers library, visit our dedicated technology insurance website.
In our latest Why OneBeacon-themed video, Financial Institutions’ Senior Underwriter Alex Ward offers insight into our culture and work environment. Watch the short clip to hear Alex share what makes our workplace special. And be sure to check out other Why OneBeacon-related stories and news here.
Why OneBeacon? “It’s a small company with a great community feel,” says OneBeacon Healthcare Underwriter Hannah Schleker. Watch the short clip to hear Hannah share what makes OneBeacon a special place to work.
For more employee insight on our culture and workplace, stay tuned for additional clips in the coming weeks! And for current job opportunities, please visit our Career Center.
This year, the PLUS Conference is back in Chicago, taking place from November 9-11.
Later today, Stacy Paquet, President, OneBeacon Management Liability, will participate in a panel discussion titled, “Are Management Liability Exposures for Law Firms Changing?” The group will discuss the exposures that exist for firm management, including executive committees and general counsels, and how they impact management liability programs.
The PLUS Conference is considered a destination event for professional liability insurance professionals to learn and network.
As the interest in cyber insurance products escalates, getting a clearer view of claims trends is critical. NetDiligence, a cyber risk assessment and data breach services company, recently published a comprehensive analysis of reported data breach and other cyber event losses. Titled, 2016 Cyber Claims Study, the report was sponsored by OneBeacon Technology among others. Topics include the types of data exposed, causes of loss, business sectors involved, sizes of affected organizations, insider involvement, and third-party involvement. New analyses include:
- Cloud involvement
- Cyber extortion/Ransomware
- Phishing and wire transfer fraud
- POS-related/common point of purchase/CPP investigations
Additionally, the costs associated with crisis and recovery services (e.g., forensics, notification, credit/ID monitoring, legal counsel and miscellaneous other), legal damages (defense and settlement), regulatory action (defense and settlement) and PCI fines are highlighted.
We invite you to download this whitepaper and to review our technology and life science library of whitepapers, visit our website resource library.
Each October we enjoy the opportunity to give back with our industry colleagues during the Insurance Industry Charitable Foundation’s (IICF) Week of Giving (WoG). This year, members of our Boston and Canton offices prepared meals at the Pine Street Inn alongside local Guy Carpenter employees. At our Denver office, employees held a food drive to benefit the Denver Rescue Mission. Read more about our WoG activities on our Way to Give blog, and learn more about this annual event on the IICF’s website.
How many warnings have you seen about clicking on unfamiliar links or confirming email addresses to be sure it’s a known and trusted source? Typically the goal is avoiding a computer virus, but you also need to be aware of digital pirates eager to seize computer files in exchange for a ransom fee. Sound far-fetched? Hardly; ransomware has been around since 1989 and has become more widespread in recent years. These digital pirates are becoming cleverer, making avoiding these intrusions an important defensive concern.
We’re pleased to share our most recent whitepaper titled “Minimizing the Impact of Ransomware” authored by VP & Senior InfoTech Product Manager Joe Budzyn. As you’ll read, Joe defines ransomware, how it typically appears and steps for mitigating such an attack.
. Our complete library of technology-focused whitepapers is available on our website.
OneBeacon Healthcare Group’s Linda McSmith is speaking today at the Tennessee Ambulatory Surgery Center Association Fall Conference and Tradeshow. Her session titled, “A Risk Management Approach to Managing Patient Safety,” reviews the national guidelines and strategies that have assisted clinicians in reducing the occurrence of surgical misadventures, and explores potential strategies to further reduce incident rates. Taking place in Franklin, TN, this conference brings together ambulatory surgery center professionals with industry experts to discuss topics ranging from clinical to management to business.
With 25% of industry employees nearing retirement by 2018, there is a growing need to inspire young talent to join our workforce. That’s why we’re joining the Insurance Careers Movement, an industry-wide campaign that reinforces how insurance hits the career trifecta: it’s stable, limitless and rewarding. Following are a few simple ways that those in our industry can participate, as well as examples of our efforts.
- Share your career stories. Watch the clip to hear our employees share why they chose a career in insurance and feel a young person could thrive in our industry.
- Connect with college students. Attending alumni events, speaking on panels and exhibiting at career fairs are great ways to network with students. Look for our booth at the University of Minnesota’s Actuarial Career Fair on Monday, Sept. 26!
- Join the conversation. What better place to reach young individuals than social media? You can join the Twitter conversation by tagging your Tweets with #CareerTrifecta, and be sure to follow our updates at @OneBeaconJobs!
The False Claim Act (FCA) is the primary means to fight fraud perpetrated against the government. The FCA imposes civil and criminal liability for knowingly making a false or fraudulent claim to the United States for money or property; or to avoid an obligation to pay money (reverse false claim). 31 U.S.C. §§ 3279-3733.
FCA claims have been on the rise as the government, in collaboration with other governmental agencies, continues to crack down on fraud, waste and abuse in order to protect valuable taxpayers’ dollars. Thus, the key is to be proactive in managing the risk before an FCA claim is made against you.
Continue reading this OneBeacon Management Liability article featured on PropertyCasualty360.com and authored by Claims’ Katherine Tower.