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Compliance
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Already used by top ten P&C carriers and reinsurers, the tool has been made generally available to enable customers to create realistic footprints for hurricanes both before and after landfall and to conduct detailed claims analyses using their own loss experience.Be the first to comment
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Driverless cars are closer to reality than you think. Here are some impacts they might have on the insurance industry.
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To create an accurate budget you need visibility into a single set of data and the ability to see clear across your organization – regardless of geographic locations, currencies, and other barriers.
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Among a roster of recent appointments and promotions announced by Selective Insurance were George Neale as SVP, Chief Claims Officer, and John Bresney as SVP, Application Delivery Services.
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There is a great opportunity to more effectively utilize actuaries’ advanced analytics and modelling expertise, and thereby change actuaries’ role from scorekeeping to one in which they create a significant, information-driven competitive advantage for the organization.
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The new environment will provide intuitive, enterprise-wide access to real-time risk intelligence, enabling decision-makers at every level of the organization - from risk analysts to the CEO - the opportunity to ask questions and get answers in real time, according to the vendor.
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UNIT4 Business Software offers guidelines for implementing finance accounting software to support growth.
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In his new role as analyst, former Navy Mutual CIO Tom Benton will report on core system transformation, IT strategy and project management, with a focus on life and annuity carriers.
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The firms have adopted a "unique" approach will provide exposure to sources of return traditionally available only to investors in hedge funds but with significantly lower fees and capital charges as well as greater transparency and liquidity.
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Former Zurich General Insurance executive Monique Hesseling joins the industry standards group as VP and chief standards officer, a new position.
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The software business of Xchanging is offering an end-to-end module-based solution built on a single data model.
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Policy holders concentrated by type and geography are among the reasons mutual insurers are more susceptible to catastrophe claims challenges, but proactive measures and technology solutions can enable carriers to compensate, according to Willis Re.
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The attack introduced new risks into social life, which will ultimately affect risk management, security measures and insurance.
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Steven Kandarian's comments at the April 10 Capital Markets Summit harmonize with those of other carriers and industry associations in a rare case of unanimity.
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Insurance chief risk officers are rising to greater prominence within their organizations as regulation and technological possibilities drive rapid evolution of risk quantification technology and techniques.
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Over the last few years, there has been increasingly industry buzz about capability models, enterprise business frameworks, reference models, etc. What are they, how can organizations benefit from them, and what types of projects can leverage them?
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PwC identifies several key challenges that insurers will face during 2013, in areas such as risk management, strategy and operations.
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As the memory of the financial crisis begins to wane and firms’ new, improved risk management practices become operational, worldwide IT risk spending is slowing at a faster rate than previously expected.
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Technology is democratizing insurers' access to high-performance computing and expanding their view of risk exposure.
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Enbridge Energy Partners LP said on Wednesday that the costs of additional cleanup from a huge Michigan oil spill three years ago may push the total bill past the limit of its insurance coverage, hampering its financial results.
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Increased risk exposure to risk due to social media and channel proliferation, as well as a focus on data and analytics projects in the "big data" era, is raising the profile of the chief risk officer within the insurance enterprise, according to Ernst & Young.
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As with any other IT investment, insurance technology executives need to maximize the value – in terms of time and resources, as well as expenditures for every employee training investment. However, it’s often difficult to know where training will yield the biggest bang for the buck, as well as to determine the most effective ways to deliver training. Here are some strategies CIOs should keep in mind.
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Regulation demands that insurers stick to their content storage policies in case of lawsuit. How regimented is your company?
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Celent recognized 18 insurers with Model Insurer awards last week for their innovative use of technology. These four are early adopters of capabilities that we predict will become table stakes across insurance.
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Linking Milliman’s MG-ALFA system with Conning’s GEMS Economic Scenario Generator will respond to regulators’ and raters increasing demand for stochastic modeling capabilities and foster a holistic approach to risk management.
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