Schedule/Sessions
Level 1 - Insurance Industry Primer - MANDATORY
Claims College presents a unique educational experience created by and for industry professionals. To set the stage for these intensive 3 days of learning, several senior level claims executives will present on 10 important insurance topics for 15 minutes each:
1. Insurance 101
2. Reserves
3. Types of P&C Companies
4. Risk Management
5. Key Ratios and How They Are Calculated
6. Reinsurance
7. Insurance Brokers
8. Determining Coverage
9. Stakeholders in Claims Process
10. Negotiating Settlement
Breakfast and Keynote - Guy Fraker, Chief Innovation Officer, Insurance Thought Leadership
We live in a time of unprecedented innovation. For many incumbent organizations the world has become a chaotic storm of disruption. Guy works with organizations to create clarity, to innovate for growth, to create stability for the future. Guy brings a unique perspective to his engagements having been on the leading edge of multiple transformations. By sharing actual experiences, Guy inspires clients and audiences to seize the opportunities brought by exponential technologies. As an entrepreneur he is dedicated to technological applications that save lives, empowers personal independence, and enables sustainability. As an innovation architect, Guy’s clients have generated capital growth in excess of $350,000,000.00 on an ROI basis, created new markets, enabled new sectors.
Guy has been featured in the NY Times, NBC, Silicon Valley blogs, Thinking Highways magazine, Forbes. an upcoming documentary,“Life on Wheels”. He has also appeared on Bloomberg Finance and National Underwriter webinars, and provides k eynotes in the U.S., Canada, India, Korea. Guy also guest lectures at Graduate Schools around the world. He has been engaged by U.S. Federal and State Legislators, Cabinet Level Foreign Leaders, Fortune 100 firms, international trade associations, startup entrepreneurs,Venture Capital firms, and game changing institutions such as The X-Prize Foundation. Finally, he is the author of “Awake”: to be released in 2018.
When not pushing technology frontiers, Guy and his wife Rebecca enjoy boating and fishing
Foundations of Privacy 101
This course will provide a general overview of the development of data privacy. The course will cover types of information that is protected, the processing of personal data and information risk management principles that impact organizational risk. The course will cover the lifecycle of privacy data from collection, use, disclosure and retention to destruction and the risks associated with each phase. The course will also cover information security and the safeguarding of personal information including ISO security standards and common security controls.
Back to topAnatomy of Data Breach
This course covers the five stages of a cyber breach: (1) Preparation; (2) Detection and Analysis; (3) Containment, Eradication, and Recovery; (4) Post-Incident Activity; and (5) Reporting. The course will provide an in-depth analysis of the necessary steps and activities for each stage, the identification of employees and outside experts involved in each stage, associated costs and damages and risks to the organization. The course will generally cover the tools that are available to accomplish the tasks for each stage.
Back to topUnderstanding Threats and Vulnerabilities
This course will acquaint you with three prominent cyber threat actors and the vulnerabilities they exploit that can lead to a data or privacy breach. Primary topics that will be explored include: the motivations and capabilities goals of bad actors and how these distinctions lead to different types of attacks; various types of cyber attack and their effect on business operations; physical and electronic vulnerabilities that are generally exploited; and common security protocols that can be used to guard against these vulnerabilities.
Cyber Third Party Litigation
This course will cover substantive theories of civil liability arising from data security breach. The course will provide in depth analysis of the claims, defenses and damages being asserted in civil litigation in individual and class actions. The course will cover the latest developments on the economic loss and standing defenses. The course will also cover certification defenses and alternative theories of harm being alleged. The course will provide students with a general overview of federal and state court proceedings and the significant differences between the two. The course will cover unique discovery issues that arise out of cyber liability claims. The course will also cover ancillary litigation such as suits against directors and officers and suits against insurance brokers.
Back to topCyber Claim Coverage Under Traditional Policies
This course will provide a general overview of the types of insurance policies that could be triggered by a cyber related events. The course will generally cover crime, property, directors and officers, errors and omissions and comprehensive general liability policies. The course will provide a discussion on Coverage A and Coverage B policy language under commercial general liability policies provisions with particular emphases on the most commonly litigated provisions in insurance policies.
Back to topThird Party Vendor Risk Management and Exposure
This course will provide a general overview of risk management and exposures for third party vendors. The course will cover risks associated with an organization’s failure to properly vet third party vendors and negotiate contraction provisions with third party vendors. Students will learn about the reasons why third party vendors can be the weakest link in the security chain and expose organizations to greater cyber breach risks. The course will cover important third party contractual provisions that can serve to shift the risk of cyber liability to third party vendors including limitation of liability, indemnity, additional insured provisions and breach response allocation provisions. The course will cover generally claims and defenses being asserted in litigation between the organization and its third party vendors as a result of a cyber breach.
Back to topCyber and Information Privacy Regulation
This course will provide a general overview of federal and state regulation of privacy and breach notification requirements. The course will give the student an understanding of the US federal agencies that regulate privacy and which can bring enforcement actions. The course will provide a general overview of the common federal privacy regulations that govern the medical, education and financial sector. The course will also cover the hospitality and retail sector including the payment card industry. The course will cover, generally, state breach notification laws. With 47 states having different regulations, the student will learn about the common breach requirement and differences.
Back to topCyber Claim Coverage Under Cyber Insurance Policies
This course will provide a history and general overview of the stand-alone cyber insurance market including a discussion of the role of reinsurance. The course will cover the construction and terms of cyber insurance policies. The course will also cover claims handling and coverage analysis in the context of a stand-alone cyber insurance policy.
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