Data security

Typical actuarial modeling environments incorporate many technical components beyond the calculation engines that perform projections.The effectiveness of the actuarial function depends, to a large extent, on how those components are linked.

The U.S. Centers for Medicare & Medicaid Services hasn’t yet put out final figures on the risk corridor program, S&P said.

The agreement combines IBM's knowledge of IT security with Swiss Re Corporate Solutions' underwriting experience, the companies said.

Property-and-casualty policy sales fell 2.9 percent in the first quarter, Zurich-based Ace said, driven partly by currency fluctuations and declines in the agriculture business.

The computer security industry is eating humble pie at this week's RSA Security Conference in San Francisco. Amid continued cybersecurity break-ins and a growing threat landscape, here are five key IT security and data protection trends emerging at the conference.

The National Association of Insurance Commissioners has announced its Principles for Effective Cybersecurity Insurance Regulatory Guidance, which direct insurers, producers, and other players in the insurance ecosystem to to join forces in identifying risks and adopting practical solutions to protect consumers' sensitive information.

The insurer will use the Lytx DriveCam Program, which combines video with predictive analytics, real-time driver feedback and coaching, to reduce injuries and identify and correct driving behaviors that could lead to collisions.

With hurricane season set to start June 1, Citizens is taking advantage of interest rates close to generational lows to bolster its claim-paying ability.

The insurer’s Nationwide Center for Advanced Customer Insights on the Ohio State University campus gives students exposure to real-life insurance data and business challenges.

The property insurer rolled out the Spex Mobile Property Inspection Platform to help it compete effectively against big insurers.

The company is collaborating with several colleges in its home region to bring data science talent into the organization in a new way.

Nationwide, MassMutual, and State Farm are among the growing number of large insurance companies working closely with universities to build a pipeline of technology talent.

Lufthansa is facing possible financial claims from the families of victims, which legal experts have estimated at around $350 million.

Innovations in security will be aimed at fortifying cloud services, big data, wireless communication and the Internet of Things (IoT), according to Frost & Sullivan.

IBM has been trying to lure customers to its analytics business with data from partners.

The global insurer is the first insurance industry member of the U-M's Mobility Transformation Center Affiliate program

When insurers assess the risks and conduct cost-benefit analyses on whether information systems should be encrypted, more often than not the decision has been made to not encrypt. That has to change now, industry observers say.

Hackers succeeded in accessing claims and clinical data from Premera, but they may be wasting their time trying to monetize health data, industry observers say.

When big commercial insurers develop cyber risk coverage for their clients, IT helps illustrate the problem and identify solutions. CNA and XL Group take us inside their processes.

Premera Blue Cross, serving the Northwest and Alaska, was hacked beginning last May, and even more sensitive data was exposed than in the Anthem hack.