Patrick Ergastolo, Area Vice President, Cyber Liability, Gallagher 
Patrick advises clients on cyber risk & evaluates cyber risk transfer solutions. He uses proven & unique solutions to design & implement risk programs tailored to each client. Patrick works closely with clients to understand their needs, assess their vulnerabilities, & develop comprehensive risk management strategies. By leveraging his technical expertise & understanding of insurance policies, he ensures clients have the right coverage to protect their digital assets & recover from potential cyber incidents. Patrick has helped numerous organizations mitigate potential financial losses from cyberattacks, data breaches, & other cyber-related incidents.
Patrick joined Gallagher’s Cyber Liability Practice in 2019 after participating in the Gallagher Summer Internship Program in 2018. Pat earned his bachelor’s degree in Finance from the University of Iowa & a Risk Management and Insurance certificate from the University of Iowa Vaughn Institute. Pat also has a Cyber COPE Insurance Certification from the Heinz College’s School of Information Systems and Management at Carnegie Mellon University. Pat is a member of the Professional Liability Underwriting Society, PLUS.
AI’s Practical Application in the Risk & Insurance Industry
In this thought-provoking session, we will explore the transformative power of Artificial Intelligence (AI) and its profound impact on industries, societies, and our daily lives. The speech will provide an accessible introduction to what Al is, how it works, and the innovative ways it is being applied across all sectors, as well as the risks that come with it. The discussion will delve into ethical concerns, data privacy, algorithmic bias, job displacement, and the potential misuse of AI technologies, as well as how the insurance industry is addressing this ever-evolving risk.
AIs_Practical_Applications_in_the_Risk_and_Insurance_Industry.pptx