When the data from wearables is integrated with virtual and augmented reality, simulated ‘virtual workers’ will help companies get a grip on workplace risk before incidents even occur.
A data hosting company transferred a health network’s electronic medical records, but soon a patient fell ill. The health network filed a third-party claim against the data hosting company.
Denise Parr, director of workers’ compensation for MGM Resorts International — which includes the Mandalay Bay Resort and Casino — has decades of experience managing workers’ comp exposures on a large scale.
Cyber risk and data privacy risk are fundamentally like other conventional risks in that we need to first mitigate by using good habits before seeking to transfer by insurance.
From construction to cargo to cyber, an array of Insurtech technology solutions is beginning to bring real improvement to risk management safety strategies.
This director of risk management sees cyber, IP and reputation risks as evolving threats, but more formal education may make emerging risk professionals better prepared.