Shawn Lepka

What an incredible few days at #ITCVegas! The Insurity team had the pleasure of connecting with so many industry leaders and innovators, all focused on modernizing core systems and transforming their insurance operations. Thank you to everyone who stopped by to chat with our team! To explore the Insurity platform and discover how our 30+ solutions can help modernize and optimize your operations, please visit: https://lnkd.in/eBDM69Uk #ITC #insurity

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Join Mario Paez of Marsh McLennan Agency and KnowBe4 on October 16 at 1 pm, ET for a webinar that could transform your organization's cybersecurity approach. Don't miss out on this opportunity! #Cybersecurity #BusinessPartner #MarshMMA

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Join Mario Paez of Marsh McLennan Agency and KnowBe4 on October 16 at 1 pm, ET for a webinar that could transform your organization's cybersecurity approach. Don't miss out on this opportunity! #Cybersecurity #BusinessPartner #MarshMMA

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Join Mario Paez of Marsh McLennan Agency and KnowBe4 on October 16 at 1 pm, ET for a webinar that could transform your organization's cybersecurity approach. Don't miss out on this opportunity! #Cybersecurity #BusinessPartner #MarshMMA

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Join Mario Paez of Marsh McLennan Agency and KnowBe4 on October 16 at 1 pm, ET for a webinar that could transform your organization's cybersecurity approach. Don't miss out on this opportunity! #Cybersecurity #BusinessPartner #MarshMMA

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Your devices, apps, and web browsers update daily, but why have insurance tools for small insurers been the same for decades? 🤔 Trailblazer-Portal™ is here to make sure that you never have to return to old-fashioned, difficult tools ever again. We are modernizing the way you collaborate with Agents, Policyholders, and even your own colleagues. Access your analytics, reports, and critical actions all in one simple, configurable, platform. Oh, and it's not going to break the bank either. Ready to see how Trailblazer can help you level the playing field? Click the link below to book your demo.

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Great article by Brad Magick, CPCU and Verisk. Auto insurance application fraud is up 18% since 2019. Combat this problem head-on with ForMotiv​'s Premium Leakage and Fraud Solutions. We provide the only real-time solution that allows best in class carriers to address this challenge without adding unnecessary friction. ForMotiv is complementary and additive to your current third-party data sources. https://lnkd.in/eHfDrPc7 #insurancefraud #insurtech #underwriting #insurance

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Our video series showcases real-life applications with issues like non-disclosure, stacking, churning and over-insurance. Watch to understand the information provided on each application, and how the underwriter was able to use MIB Codes and Alerts to identify missing information that significantly impacted risk assessment.  https://lnkd.in/dJ5Nd6f3

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Cyber Insurance and data privacy are getting much attention right now, and we’re seeing some companies struggle to get coverage. Knowing what concerns the underwriters of these policies can make a difference in your planning and preparation. We’ve researched the industry to bring you the top five data privacy risks that cyber insurance providers are focused on right now.   1. Data Breaches The proliferation of data has made breaches more prevalent and damaging. These incidents expose sensitive personal information, leading to substantial financial and reputational harm. Cyber insurers must cover extensive costs, including legal fees, notifications, credit monitoring, and regulatory penalties.   2. Regulatory Compliance The coverage of all those data privacy laws, including GDPR and CCPA, are constantly evolving. Non-compliance can result in severe fines and legal liabilities. Both insurers and their clients must maintain robust compliance frameworks to mitigate these risks effectively.   3. Advanced Persistent Threats (APTs) State-sponsored cyber-attacks are increasingly sophisticated, posing significant threats to data privacy. These actors have the resources and skills to infiltrate secure systems and exfiltrate sensitive data, raising serious national security and privacy issues.   4. Supply Chain Vulnerabilities Reliance on third-party vendors and cloud services has introduced new vulnerabilities. A single weak link in the supply chain can lead to widespread data breaches, affecting numerous organisations and resulting in complex, high-value insurance claims.   5. Technological Evolution and IoT The rapid growth of IoT devices has created additional privacy challenges. These devices collect and transmit vast amounts of personal data, often without adequate security measures, making them attractive targets for cybercriminals.   Addressing these issues requires a comprehensive approach, combining robust cybersecurity measures, proactive compliance, and effective risk management strategies. It’s for all involved, both policy issuers and purchasers, to stay ahead of these challenges to protect data privacy and minimise the risk profile presented. ShowMe-TellMe can and will help companies identify, manage, and remediate their profile to reduce the risk, making it easier and cheaper to insure. As RFPs are also moving towards data privacy risk profiling, why not get ahead and map out your own risk profile and take action before it costs you that next contract?   #CyberInsurance #DataPrivacy #CyberSecurity #RiskManagement #CyberRisk #Insurance #Compliance #Data #Underwriting

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Sometimes less is more. 💡 We tackled a major issue in the insurance industry using simple (yet sophisticated) math models. Interested in learning more? Check out the link in the comments.

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This document outlines midyear trends in the cyber market and provides tips for insurance buyers. https://lnkd.in/gYYFYB8b

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