Data and information management

SS&C Technologies Holdings Inc., a software and services provider, has launched CAMRA I-Risk for insurance companies to address emerging solvency standards by combining CAMRA’s financial reporting capabilities with a position-based stochastic simulation model.

Long-term care insurance decisions are not being made only by the elderly, according to a new report. A study conducted by the American Association for Long-Term Care Insurance notes that the youngest claimant was 24 years old when he began receiving benefit payments from his long-term care insurance policy. Now in his seventh year of receiving payments, the coverage was purchased when the claimant was 21 years old.

IT managers and data architects can take steps to make sure data applications get same level of testing as software.

Results of a Towers Watson survey of risk calibrations being used for specific market and non-market risks, revealed that the largest challenges still include interest rates, credit spreads and mortality and lapse assumptions, with up to two-thirds of firms still looking to make considerable progress in these areas.

Munich Re, Swiss Re and Allianz among A.M. Best’s review and ranking of the top 50 reinsurers based on gross premiums written.

As businesses in the Gulf Coast are finding out again, having a disaster recovery plan is critical to a business’ survival. According to the “Gulf Coast Back to Business Act (2007),” 43 percent of businesses that close after a natural disaster never reopen, and an additional 29 percent permanently close within two years. However, in the wake of the ongoing financial crisis, many disaster recovery plans are now out of date, says Victor Janulaitis, CEO of Janco Associates.

IT contractor hiring is on the rise; researchers say forecasting the hiring of experts is a “net positive."

“Frankenstein”—a proposed self-camouflaging malware propagation system—represents a challenge and an opportunity for insurance IT and risk management professionals.

SMA Partner Karen Furtado is given one minute to explain why configuration tools are important to insurers. SMA Partner Karen Furtado explains why configuration tools are important to insurers. Sponsored by ISCS.SMA Partner Karen Furtado explains why configuration tools are important to insurers. Sponsored by ISCS.   

Ahmed Yaknour will be responsible for the architecture of C&F’s infrastructure.

A group of Russian insurers have signed an agreement to implement ACORD standards. This will be the first documented ACORD implementation in Eastern Europe.

Great American Supplemental Benefits Group will now do business as Cigna Supplemental Benefits.

Health insurer Aetna is continuing its push to offering information technologies to providers, employers and members to help improve outcomes and drive down costs.

Strategic alliance intends to offer comprehensive data services for usage-based auto insurance.

Insurer turns to Clearwater Analytics for scalable solution that can provide improved investment accounting and reporting, analytics.

As Hurricane Isaac strikes, A.M. Best provides the top ten P&C insurers by market share in Louisiana, Alabama and Mississippi.

AIR Worldwide, a catastrophe modeling firm, estimates that losses resulting from farmer claims for the crop insurance industry may exceed $13 billion with the potential to reach as high as $20 billion.

A recent survey points to a dramatic increase in confidence surrounding cloud storage, but a couple unique challenges persist. Here's how to mitigate them.

If your data quality is suffering, testing can optimize processes and ensure effectiveness.

Insurers wait for the inevitable landfall of what could become a Category 2 hurricane. According to CoreLogic, this leaves insurers with $36 billion in potential exposure to residential property damage to brace for. This high estimate is largely the result of remaining uncertainties. While estimates have the storm moving onto land within the next 48 hours, where it will strike is still unknown.