Core systems

Key new rating variables that are being incorporated into insurers’ predictive models include homeowners rates by peril, homeowners rating by building characteristics, vehicle history and usage-based auto insurance, according to the Casualty Actuarial Society.

Microsoft is the latest vendor to climb into the clouds with its Azure platform, but slow on the uptake as other vendors use Microsoft’s ideology to get there first.

Predicting future losses up to $235 billion, study reveals only $30 billion of total economic losses along the California fault line are likely to be insured.

Until regulatory approval for the acquisition of the insurance companies is obtained, GMACI will continue to write reinsurance and collateralize obligations, which Maiden will reinsure on a 100% basis.

Fred Langhammer's sudden departure was announced in a filing with the U.S. Securities and Exchange Commission.

The Hartford’s CEO releases a statement saying the insurer’s capital position is more than sufficient for current market conditions as well as in the event markets deteriorate further.

Boulder, Colo. — Enterprise Management Associates (EMA), an IT management research and consulting firm, released a new advisory note, “What the Economic Crisis Means for IT Security and Risk Management.” In the advisory note, EMA research director, Scott Crawford, highlights the impact of the current financial industry meltdown, and its implications for the management of security and risk in IT.

Software, personnel transfer to AQS from ISO Insurance Technology Solutions

GLOBAL CASE MANAGEMENT

ALLIANZ SELECTS RISK MANAGEMENT SOLUTION

Popularity of business process management is driving vendors to enhance their offerings with business rules technologies.

The carrier cites market instability as it reports a $166M net loss.

Code of practice for risk management is designed to govern principles, models and processes.

Whether the customer is an agent/broker or a consumer, Datamonitor suggests insurers develop an online sales strategy to lower customer acquisition costs, as well as gain control of the customer relationship.

Association says CPP should expand to include life insurers.

Report says company rapidly spending bailout funds

To buttress its balance sheet, the insurer is accepting $3 billion euros from its government.

At the Casualty Loss Reserve Seminar attendees listened to actuarial experts discuss the effect increasing workers’ compensation medical costs will have on P&C insurers.

Conducted before the economic crisis, an ERM survey reveals that carriers face substantial work in incorporating risk management into business processes and decision-making.

New guaranteed income products can bridge retirement security gap and win assets and fees, notes Conning Research.