Artificial Intelligence
Cyber Insurance Market to Grow with 26.3% CAGR Between 2020 and 2030: P&S Intelligence
NEW YORK, June 25, 2020 (GLOBE NEWSWIRE) — With the growing awareness on insurance, surging number of cyber-attacks, and increasing government regulations, the profile of cyber risk management firms is becoming better. This factor is set to prove instrumental in driving the cyber insurance market at a 26.3% CAGR between 2020 and 2030, thereby leading to an increase in the industry size from $5,573.2 million in 2019 to $70,671.9 million by 2030.
Additionally, due to the implementation of cyber-risk regulations, companies are adopting mitigation solutions, which are rapidly being provided by insurance firms, to deal with such risks. Insurance firms provide cyber-attack-related financial loss prevention, risk mitigation, and loss compensation services. These companies create valuable data sets from information related to cyber-attacks and their financial impact on an entity and successful strategies to mitigate the risk, to model cyber risks and rate future customers.Get the Sample Copy of this Report at: https://www.psmarketresearch.com/market-analysis/cyber-insurance-market/report-sampleThe COVID-19 crisis is having a positive effect on the demand for cyber insurance, as the pandemic has shifted countries’ focus to healthcare and economic stability, thus opening the doors for cyber-criminals to hack servers and steal vital information. Malware spams, phishing attacks, and ransomware attacks have increased since the outbreak, many of which have targeted the World Health Organization (WHO). Therefore, in order to protect themselves against intellectual property and financial damage by such attacks, companies of all sizes are opting for cyber insurance.Cyber Insurance Market Segmentation AnalysisThe data breach category, on the basis of policy, would witness the fastest industry growth in the coming years, on account of the increasing instances of such issues, with the rising focus of companies on digital data, cloud computing, and workforce mobility. Local computer systems, enterprise databases, and cloud servers, where the sensitive information of organizations is generally stored, are all susceptible to breaches. During the first half of 2019, 4.1 billion digital records were exposed around the globe, in 3,800 individual data breach cases. This is why companies are rapidly adopting data-breach-centric cyber insurance to mitigate third- and first-party financial losses.In 2019, standalone insurance, based on product type, was more popular, as this product allows companies to instantly compensate themselves as well as their customers for any financial loss arising out of a cyber-attack. Standalone cyber insurance policies compensate the insured client or customer for the credit monitoring costs, IT forensic costs, data restoration costs, and public relations expenses, which might be incurred due to a data breach. Moreover, such policies also offer cover for the direct losses due to phishing, social engineering frauds, cyber frauds, spoofing, and phreaking, as well as companies’ legal liabilities to third parties.Browse report overview with 136 tables and 102 figures spread through 249 pages and detailed TOC on “Cyber Insurance Market Research Report: Global Competition Analysis and Revenue Forecast to 2030” at: https://www.psmarketresearch.com/market-analysis/cyber-insurance-marketThe claims division, under segmentation by service, would grow at the highest CAGR, of 30.5%, in the cyber insurance market during 2020–2030. This would be a result of the rising risk of business failure and threat to digital capital, in the event of a cyber-attack.Large enterprises are the more-significant users of cyber insurance compared to small- and medium-sized enterprises (SMEs), as such companies are rapidly deploying the cloud, artificial intelligence (AI), internet of things (IoT), big data, and machine learning (ML) technologies in their operations. This is leading to the creation of huge volumes of data, which includes sensitive information, including customers’ personal details. This is why such companies are regularly targeted by cyber-criminals, with the intention of getting access to a vast amount of data at once. Owing to the high risk of cyber-attacks and their high spending power, large enterprises are quickly adopting cyber insurance.In the near future, the healthcare industry is set to grow the fastest in the market, when segmented by end user. With the digitization of health records and increasing penetration of the internet, critical medical information has become vulnerable to hacking and breaches, which is why healthcare organizations are purchasing cyber insurance.Owing to the existence of several major cyber insurance companies, including Chubb Group Holdings Inc., American International Group Inc., and Lockton Incorporated, North America is currently the largest contributor to the market. Further, governments in the region are making the implementation of cybersecurity and insurance measures mandatory for companies of all sizes, thus driving the regional market. Between 2020 and 2030, the adoption of cyber insurance is predicted to surge the most rapidly in Asia-Pacific (APAC). Companies in the region are concerned about the security of cloud databases and blockchain systems, and the government in several places is stepping up efforts to raise the awareness about cybersecurity and cyber insurance.Insurance Providers Engaging in Partnerships to Enhance their Offerings and Widen their ReachIn recent years, a number of partnerships have been seen in the market, as cyber insurance companies are looking at such measures to:Use each other’s customer base to sell their insurance policiesWork together to equip their commercial insurance analytics capabilities with AIEducate and consult cybersecurity startups on the challenges and opportunities in the cyber insurance nicheIntegrate each other’s expertise to come up with better policiesThe most prominent players in the global cyber insurance market include Chubb Limited, American International Group Inc. (AIG), Berkshire Hathaway Inc., Zurich Insurance Group AG, Lockton Companies Inc., Munich Re Group, Allianz Group, Aon Plc, Arthur J. Gallagher & Co., AXA XL, Beazley Plc, The Travelers Companies Inc., Axis Capital Holdings Limited, Fairfax Financial Holdings Limited, and Liberty Mutual Holding Inc.More Reports of ICT And Media By P&S IntelligenceDigital Twin MarketIn the past few years, the major digital twin market players have launched many new solutions to expand their customer base and industry presence. For instance, in October 2019, Bentley Systems Incorporated launched iTwin, which includes cloud-based digital twin services for infrastructure assets and projects.https://www.psmarketresearch.com/market-analysis/digital-twin-marketQuantum Computing MarketTogether, North America and Europe are expected to hold almost 78% share cumulatively in the quantum computing market in 2030. All the major investments are being recorded in the U.S., Canada, Germany, the U.K., and Russia. In the U.S., National Aeronautics and Space Administration (NASA), the National Security Agency (NSA), and the Los Alamos National Laboratory are involved in this technology related project.https://www.psmarketresearch.com/market-analysis/quantum-computing-marketWorkplace Transformation MarketDuring the forecast period, APAC is expected to witness the fastest growth in the workplace transformation market. This can be attributed to a rise in the adoption of workplace transformation services, primarily in India, Japan, and China. In addition, the increase in the number of millennials joining the workforce and boom in industry 4.0 are some other factors supporting the growth of the market in the region.https://www.psmarketresearch.com/market-analysis/workplace-transformation-marketAbout P&S IntelligenceP&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.Contact:P&S IntelligenceInternational: +1-347-960-6455Email: [email protected]Web: https://www.psmarketresearch.com
Artificial Intelligence
Aetina Accelerates Embedded AI with High-performance, Small Form-factor Aetina IA380E-QUFL Graphics Card
TAIPEI, April 25, 2024 /PRNewswire/ — Aetina, a leading Edge AI solution provider, announced the launch of the Aetina IA380E-QUFL at Embedded World 2024 in Nuremberg, Germany. This groundbreaking product is a small form factor PCIe graphics card powered by the high-performance Intel Arc A380E GPU.
Unmatched Power in a Compact Design
The Aetina IA380E-QUFL delivers workstation-level performance packed into a low-profile, single-slot form factor. This innovative solution consumes only 50W, making it ideal for space and power-constrained edge computing environments. Embedded system manufacturers and integrators can leverage the power of 4.096 TFLOPs peak FP32 performance delivered by the Intel Arc A380E GPU[1].
Beyond Small Size: Big Capabilities
Despite its compact size, the IA380E-QUFL offers native support for 4 mini-DisplayPort outputs and 6GB of GDDR6 memory, enabling the connection of multiple high-resolution displays (UHD). This makes the IA380E-QUFL an excellent choice for a wide range of applications, including commercial gaming, video walls, medical imaging, and visual inference for smart cities.
“The demand for slim and energy-efficient AI systems is rapidly escalating,” said Jackal Chen, Senior Product Manager at Aetina. “The Aetina IA380E-QUFL addresses this need head-on, offering a powerful GPU solution in a compact, single-slot form factor with minimal power consumption. This empowers developers to create powerful and efficient edge systems for a wide range of applications.”.
Unparalleled Commitment: 5-Year Product Supply
Acknowledging the critical need for long-term product stability in industrial applications, Aetina ensures a 5-year product supply for the Aetina IA380E-QUFL, which streamlines system roadmaps and reduces the need for costly redesign. Our commitment is aligned with Intel’s announced product plans for the Intel Arc A380E GPU.[1]
[1]https://www.intel.com/content/www/us/en/content-details/820389/intel-arc-gpu-for-the-edge-public-30-3-30.html?wapkw=Intel%20Arc%20GPU%2030-3-30&DocID=820389 Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.
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Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.
IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053
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Artificial Intelligence
Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment
This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
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