AI | Orchid Risk Services™

Partnering, AI can help combat insurance fraud.

Jul 19, 2024 | 2024, AI, insurance, insurance news, Latest Insurance Articles

Partnering is vital for insurers to ensure they are able to effectively combat fraud. This is one of the messages to come out of the Insurance Crime Bureau (ICB) conference, held under the theme of “Breaking Barriers & Building Bridges for the Future”. It saw more...

AI, advanced analytics help to beat insurance fraud

May 17, 2024 | AI, insurance, insurance news

Despite higher inflation, interest rates and cost of living, the South African insurances market experienced a revival during the last two years, with the gross written premium across the local insurances market expected to show an annual growth rate of 5,14% from...

AI sets next wave of insurance disruption in motion

May 3, 2024 | 2024, AI, insurance, insurance news, Latest Insurance Articles

Artificial intelligence (AI) has been instrumental in shaping the insurance industry for the past few years and insurance providers have integrated AI models with established methodologies from the actuarial sciences to enhance risk analysis and streamline claim...

Building a secure organization in the age of AI, an analysis

Feb 2, 2024 | 2024, AI

South Africa’s Information Regulator reports at least 100 cyber security breaches a month from local companies. Between October 2022 and June 2023, the regulator received 1021 data breach notifications, averaging 113.4 incidents every month. This is a solid indicator...

Top Five 2024 Cybersecurity Predictions by KnowBe4 Cybersecurity Experts

Nov 17, 2023 | 2024, AI, cyber

Predicted trends for 2024 include AI-related cybercrime and defense methods, ransomware attacks will disrupt supply chain services, disinformation campaigns to lead to extortion schemes and more. TAMPA BAY, Fla. – KnowBe4, the provider of the world’s largest...

AI’s impact on cybersecurity and cybercrime

Oct 27, 2023 | AI, cyber, Cybersecurity and business

AI has emerged as a transformative force with the potential to revolutionise both cybersecurity and cybercrime. On the defensive front, AI offers the promise of improved threat detection, enhanced automation of security processes, and a bolstering of threat...