Data security

Lack of confidence comes from not understanding their company’s exposure to operational, regulatory/compliance or financial risk, according to recent survey results.

As fraud prevention technologies become more sophisticated, insurers need to invest at every customer touch point to achieve increased revenue growth, according to new research from Ovum.

The second quarter of 2013 saw $2.2 billion of non-life catastrophe bonds issued through 14 tranches (representing 10 deals), compared with $2.1 billion issued in the same period last year, with 12 tranches (representing 7 deals), according to Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings.

New Enterprise 12.2 software includes iPad app and Risk Goggles, which are used to assess the risks and damages of various weather conditions.

Cognizant, a provider of IT, consulting and business process outsourcing services, and XL Group, a global P&C, professional and specialty insurer, announced a mobile-enabled risk-engineering platform for Global Asset Protection Services (GAPS), XL Group’s property loss prevention services business.

New capabilities designed to enable an improved view of risk, regulatory requirements, and assist companies in investment decision-making.

Despite recent crash of Asiana B777 aircraft, rating levels continue to decline and premium levels are down 5 percent on the year.

Clients and brokers are being provided with access to ACE's platform for electronic delivery of policies.

Continued pressure on underwriting results and a low interest rate environment motivated underwriting management to seek these higher rates, according to the “2013 RIMS Benchmark Survey.”

While the overall number of big data initiatives is still relatively small, the majority are centered on modeling, according to a new Novarica report.

Despite catastrophe losses of $20 billion in the first half of this year, reinsurance market rates on line (ROLs) continue to be driven by an influx of capital from third-party investors at the July 1 renewals, according to a report from Guy Carpenter & Co. LLC, a global risk and reinsurance specialist.

Declining U.S. property rates and reinsurers' desire to maintain their market positions is spilling over into other classes, according to a report from Willis Re.

P&C impairments see significant drop from the 34 reported for 2011; however, auto writers and risk retention groups continued to struggle, according to recent A.M. Best report.

Florida Commission certifies AIR’s latest models for residential and commercial residential properties in the state.

Workers' comp carrier seeks to improve risk selection, pricing accuracy with predictive modeling component of InsureRight.

Surveys from Towers Watson and IIS describe global insurance executives’ concerns and find much consistency across nations.

Comply solution designed to enable insurers to manage risk by automating regulatory change management processes.

Board members should raise nine critical questions when discussing technology strategy with IT and business managers.

Economic Scenario Generator will provide the interface for SunGard's risk management and modeling software.

While forecasts are calling for more major storm events in 2013, A.M. Best believes the industry as a whole is well-prepared to address potential catastrophic activity because insurers in the space have continually, actively engaged in risk management and taken action to address the growing frequency of such events.