Tag: Insurance

Here you will find all the articles with the tag: Insurance.

Insurer must pay $1.4 billion due to ransomware damage

Insurer must pay $1.4 billion due to ransomware damage

The U.S.-based Ace Insurance has been forced to pay $1.4 billion to pharmaceutical company Merck. The latter was hit by a ransomware attack by the Russian NotPetya. The insurer did not want to pay out on the grounds that the attack had supposedly been an act of war. The US judge argued that the ... Read more

date1 year ago
Mendix and Capgemini introduce tools for the insurance sector

Mendix and Capgemini introduce tools for the insurance sector

Mendix and Capgemini are collaborating on solutions for the insurance sector. The collaboration extends an existing partnership between Mendix and Capgemini. The companies are introducing two solutions for streamlining and digitizing insurance processes. The first, Direct to Consumer (D2C) ... Read more

date2 years ago
Visma acquires Reliforce to serve insurance agencies

Visma acquires Reliforce to serve insurance agencies

Visma announces the acquisition of Reliforce. The company develops a software solution for policy administrations of income insurance. Insurance requires administration. Some organizations call on insurance agencies to outsource the process. Insurance agencies maintain the necessary records and... Read more

date2 years ago
Fraud detective Friss acquires Polonious

Fraud detective Friss acquires Polonious

Friss, a fraud detection specialist, is acquiring Polonious. Friss develops fraud detection and prevention software. Insurers use the technology to calculate risks and prevent fraud. Today, Friss announced the acquisition of Polonious. Polonious develops fraud investigation and case management s... Read more

date2 years ago
Ukrainian tech outsourcing sector at risk after Russian invasion

Ukrainian tech outsourcing sector at risk after Russian invasion

The resulting Internet outages have paralyzed outsourced tech operations in banking, insurance and financial services. The Russian invasion of Ukraine has put the outsourcing of tech services from that country at risk, according to a report in he Wall Street Journal. Tech outsourcing in Ukraine ... Read more

date2 years ago