The 2018 PLUS Healthcare & Medical PL Symposium is taking place in Chicago this week, bringing hundreds of industry practitioners to one place to network and connect. OneBeacon Healthcare Group is pleased to be a silver sponsor for this year’s conference. Our team members look forward to meeting with brokers and connecting with colleagues to talk about our enhanced Physician Group product, as well as updates to the Managed Care and Medical Facilities products. We look forward to seeing you there!
OneBeacon Financial Services is excited to be in Las Vegas this week attending the ICBA Live 2018 convention. Held annually, this national event is one of the largest gatherings of community bankers. The educational opportunities keep bankers up-to-date on latest trends affecting their banks. Stop by booth #315 to see Barbara Winsor, Craig Collins and Becky Riekofski – they are ready to talk insurance solutions for community banks!
The 2018 PLUS D&O Symposium begins today in New York City. This event brings together industry thought leaders who will discuss the issues impacting the D&O insurance marketplace today, and what can be expected in the coming years. Members of the OneBeacon Management Liability team will be there, and look forward to the educational sessions, as well as connecting with colleagues. We hope to see you there!
The American Bankers Association (ABA) Insurance Risk Management Forum is taking place this week in Austin, TX. This conference is designed specifically for members of the financial services risk management community to help them better understand the challenges the banking industry faces, and how to meet those challenges head on.
OneBeacon Financial Services’ Craig Collins and Gary Tannenbaum are attending this week, and looking forward to the learning and networking opportunities. We hope to see you there!
Wondering what the average cost of a breach incident was this year? Or which industry was the most affected by cyber events? We’re pleased to share the 2017 Cyber Claims Study authored by NetDiligence.
The 2017 Cyber Claims Study is pivotal with extensive data-driven analysis distilled and modeled in three distinct measures: numbers of records, costs of breached, and per record costs. Notable in this year’s study, we have contrasted and compared datasets aggregated over the last four years.
The data graphics provided distinguish the rich and complex statistical material, successfully organizing a large collection of numbers and making comparisons between different parts of the data narrative.
In coming years, we will closely follow costs associated with exposures for companies that have a presence in the EU. The General Data Protection Regulation (GDPR) goes into effect in May 2018. This regulation applies to all EU member countries and companies based in those countries and any non-EU companies that process the data of EU citizens. The maximum fines for lack of compliance could be enormous—up to 4% of overall turnover/revenues or €20M, whichever is greater.
To download this whitepaper and to review our technology and life science library of whitepapers, visit our website resource library.
This week, Financial Services’ President Craig Collins is headed to Wichita for the Kanas Bankers Association’s 2017 Economic Outlook & Risk Management Conference. He will lead a discussion about current claims and close calls that are being reported to insurers. In addition, several loss prevention strategies will be presented, and will include information on corporate account takeover, wire transfer fraud, social engineering and Ransomware. If you are headed to this conference, be sure to attend this session on Tuesday morning!
In this month’s issue of Public Risk Magazine, Government Risks’ Kenny Smith talks about how to create and accomplish a successful risk management program. You can read the full article here beginning on page 16.
The completion of our acquisition by Intact Financial Corporation was announced this morning. We’re excited to officially be part of the Intact Financial Corporation family and to create a leading North American specialty insurer.
The Tennessee Bankers Association (TBA) hosts a number of member meetings this time of year, providing a setting for the TBA chairman and staff to talk about the initiatives and goals of the association. These meetings also provide great opportunities for colleagues to network and reconnect. This week, Craig Collins will kick off the meeting in Memphis. His seminar will focus on current trends in bond, D&O and cyber insurance, and how these trends affect community banks. We look forward to speaking to the TBA members this year!
When 3D printing technology emerged, there was immediate excitement within the life science community, which quickly imagined the many possibilities. Fast forward to 2017 and 3D printing has expanded to “bioprinting,” or the practice of manufacturing tissue and organs with materials that incorporate viable living cells. This almost unbelievable technique has enabled practitioners to test advancements in the area of reconstructive surgery, transplantation and more.
We are pleased to announce our OneBeacon Technology group’s newest whitepaper, which addresses this topic. Titled “3D Bioprinting – Printing for Life” and co-authored by our technology risk control specialists Tushar Nandwana and Steve Morkovsky, this reference piece defines bioprinting, discusses various current technologies and emerging applications, along with the associated risks and exposures.
To access of our full inventory of technology-focused whitepapers, visit our website.