Data security

Wolters Kluwer Financial Services has released the latest version of its ARC Logics for Financial Services offering. The enterprise risk management (ERM) solution suite draws upon actionable, industry-specific regulatory intelligence and Wolters Kluwer Financial Services’ domain expertise. Wolters says this helps financial organizations bring transparency, traceability and efficiency to managing compliance, operational and financial risks as well as to the audit function.

Sponsored by Swiss Re, a new report from the Economist Intelligence Unit (EIU) finds risk management practices surrounding renewable energy projects wanting.

The introduction of telematic technologies will help improve overall road safety, new data from U.K.-based The Co-operative Insurance shows.

AgentsofAmerica.org (AoA) reports that it will publish a 26-chapter e-book on risk management in early 2012. The “E&O Loss Control & Risk Management Program for Insurance Agents and Brokers” represents a collaborative effort by more than 25 top E&O insurance attorneys and experts from across the country, notes AoA, and includes an appendix on best practices.

RMSI, a geospatial and software services company, has been awarded the Technology Initiative of the Year award, as part of the 15th Asia Insurance Industry Awards, held recently in Singapore.

Former American International Group CEO Maurice R. "Hank" Greenberg is seeking $25 billion in damages from the federal government for the manner in which it bailed out the insurance giant in 2008.

Late yesterday both houses of Congress passed a continuing Resolution which provides for a 30-day extension of the National Flood Insurance Program. The program is now set to expire on Dec. 16, 2011.

Through conducting a survey at 2011 Professional Liability Underwriting Society’s Annual International Conference in San Diego earlier this month, global specialty insurer Torus set out to identify key issues affecting the management and professional liability insurance market. The results reveal a professional lines market in flux with widespread concerns over pricing uncertainty in 2012, a heightened awareness of the current regulatory environment and fast-emerging new risks for small businesses. Thirty percent of the 102 insurance professionals surveyed, among them brokers, agents, insurers and risk managers, affirmed that the changing pricing environment is a major cause for unease, viewing it to have the biggest overall impact on the market over the next 12 months. Respondents also note that an increase in market competition (25 percent), the current regulatory environment (23 percent) and the creation of new products (17 percent) were also major concerns.

With catastrophe damage creating insured losses across the country, property and casualty insurance carrier results suffered in the first half of 2011.

A group of 13 U.S. Senators are questioning a provision of the Flood Insurance Reform and Modernization Act of 2011 that would require homeowners and businesses to purchase coverage from the National Flood Insurance Program (NFIP).

Growth of spending on risk management tools projected to outpace the growth of overall IT spending, making it the hottest corner of the IT market.

New data from Keefe, Bruyette & Woods shows catastrophe losses impacting insurers’ bottom lines.

Vendor hopes Xiance Desktop will enable insurers to better predict a property's vulnerability to natural disasters.

The investment income woes of property/casualty insurers did not begin with the 2008 financial crisis, new analysis from Fitch Ratings reveals.

Report says worldwide IT spending pertaining to risk functions will increase to more than $74 billion by 2015.

If Novarica’s Chad Hersh had a crystal ball, he would have told insurance technology attendees at a technology user conference in Austin this morning that the future is already here.

A new survey says drivers want more connectivity behind the wheel and that they think automated driving is not far off, but is that what we really want?

New report foresees the financial services industry’s risk technology spending hitting $23 billion by 2013.

Formerly known as WeatherBill, Climate Corp. releases next-generation weather monitoring and location-specific yield assessment.

Insurers are finding that multiple views may be best when modeling for natural disasters.