Malaysia’s high internet penetration increases exposure to risks

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Malaysia, with its high internet penetration rate, is very vulnerable to cyber risks, especially with the irrevocable changes brought about by the COVID-19 pandemic to life and work, according to a report by Chubb.

According to the Digital business accelerated report’s findings for Malaysia, the country has among the highest internet penetration rates in Southeast Asia at 84%, or 27.43 million internet users. With the Movement Control Order (MCO) imposed last year to prevent the spread of COVID-19, internet usage has increased even further. Malaysians spent an average of nine hours and 17 minutes daily on the internet in 2020,

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How can the insurance industry take on the IA challenge?

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The key principle of IA, he said, is to go out, collect information, validate it, process it through an algorithm and then present that to a human who communicates the information or makes a decision to complete the process.

Watch more: Creating digital customer experiences that build trust and loyalty

“There are partners of ours out there now, where you can download straight off their portal, machine learning models that are 70% complete. That last 30% is Zurich specific, or Liberty Mutual specific, or specific to any organization. And that’s across just about every process that’s out there already and

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Ed Broking hires new head of casualty in Bermuda

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Ed Broking (Ed), the global specialty broker, has appointed Kristina Juul as its new head of casualty in Bermuda, effective November 01, 2021.

A Bermudian with international experience, Juul brings to Ed more than 13 years of industry experience, having held senior positions in the Bermuda and London markets. Most recently, she was a senior vice president at Marsh Bermuda. She was also a divisional director for casualty at BMS, specialising in energy.

In her new role, Juul will report to Colin Kelley, head of liability, Ed Broking Bermuda. Kelley welcomed Juul to the team, noting her “strong reputation and

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McLarens selects seasoned leader for newly-created role

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A management information (MI) and analytics leader, Barclay has notable expertise in leading complex analytical and regulatory projects and a wealth of experience across operations, building, and embedding IT and business solutions and delivering digital transformation programmes.

In her new role at McLarens, Barclay will oversee a team of data professionals and lead the development and implementation of the firm’s strategy around data capture, processing, and delivery and championing a data-driven decision culture across the global business.

She will also encompass everything from data governance and quality through to analysis and visualisation, with responsibilities including developing the firm’s predictive analytics

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