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A Look at Some Numbers 31% of the participating European insurance firms were utilizing AI across the entire value chain, and another 24% were in the “proof of concept” stage, according to EIOPA’s 2018 thematic study on the use of bigdata analytics in health and auto insurance. trillion to $4.4
Regional Disparities in Data Breach Costs The United States emerges with a significantly higher average cost of $9.4 million per bigdata breach. The top five countries and regions for the highest average cost of a cyber security breach in 2023 were as follows: the US ($9.4 million), the Middle East ($8.07
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