Data and information management

Risk managers are benefitting from lower premiums, but looming catastrophe losses could portend a turn in the market, notes survey.

The agency is pushing for legislation to create a way for the government to conduct an orderly wind down of a large financial companies.

Insurers will increasingly use public, shared data to make informed pricing decisions, which begs the question: How will underwriters use this new information?

Insurers must link plans to the overall company strategy already in use, and expect detours along the way, Gartner analysts say.

SAS Risk Management for Insurance is designed to help insurers better assesses risks, and can be used in tandem with other analysis software.

Political strife continues to plague the measure authorizing extensions.

After more than 100 hours of interviews with insurance execs, SMA unearthed 10 common initiatives regarding market recovery and future changes.

Actuaries say insurers need to develop additional analysis techniques in face of scoring bans.

The companies will combine use of technologies to help insurers eradicate premium leakage, which they estimate to be around $3 billion per year.

Aon says the number of organizations seeking improved performance and decision-making with ERM has risen dramatically since in the wake of the financial meltdown.

AIR TruExposure data solutions is available in live consulting or software format, which can be used with AIR’s Classic/2release.

Bill that extends flood insurance, COBRA subsidies, may go to vote later this week.

A.M. Best affirms Aflac, and Moody’s affirms Genworth.

The health insurer reveals an additional 521,761 members are at risk following the theft of 57 hard drives last year.

Recent security breaches have focused attention on Indian outsourcers at a time when they can least afford it.

Senators expected to vote soon on measure that could restore funding for lapsed program.

Addition of business intelligence systems to Cover-All’s growing portfolio positions the company to deliver additional technology offerings to existing insurance customers of both companies.

In its first report profiling IT service vendors for the insurance industry, Boston-based insurance consultancy Celent concludes that the most successful partnerships insurers have with IT service vendors those that are not just about replacing staff or lowering costs. Though a cost-minded insurer may find significantly lower expense from a good relationship with an IT service vendor, many find these engagements save costs in one area while requiring unexpected expenditures in others. The best partnerships, Celent says, are those that are long-term, strategic engagements in which a vendor is leveraged to bring in new expertise, add both technology and domain knowledge to the business, and is relied on as a true partner.

Anomalously warm tropical sea surface temperatures in the Atlantic portend an active hurricane season according to forecasters at Colorado State University.

Brendan Voss will help establish new policies and procedures for the settlement of claims.