Data and information management

Aon's RiskConsole offers a new environmental module that provides organizations with the ability to effectively manage the multi-faceted environmental due diligence process.

Boston — As the hurricane season begins, statistics and research indicate catastrophes and their repercussions should be top of mind for insurers. A report recently completed by Boston-based catastrophe risk modeling firm AIR Worldwide Corp. estimates that over the past three years the insured value of properties in coastal areas of the continued to grow at a compound annual growth rate of just over 7%. Despite the recent weakening of the real estate market in many areas, the insured value-or the cost to rebuild properties-has maintained an annual growth rate that will lead to a doubling of the total value every decade.

The platform is designed to provide a transparent view of the sensitivities a risk position has to individual perils and its correlations to other positions.

Plan representatives call efforts key to Blue companies' stewardship of healthcare dollars.

According to a panel of experts, insurers are using technology to devise new policies, and fine-tune existing products, to better address a range of emerging climate-related risks.

A new report shows some progress—and gaps—in the insurance industry’s quest for a higher level of risk management.

The company's Insurance Compliance Solutions group reviewed and analyzed content from last year’s market conduct exams from across the United States to comprise the top 10 criticisms lists for property/casualty insurance and life and health insurance.

Arthur Cadorine received the honor for his outstanding contributions to the growth of IASA, his significant volunteer services to the organization and his numerous contributions to the financial services industry.

Napco will use CATStation to combine exposure concentration analysis, hazard analysis and policy-level loss analysis into a single Web-based solution.

The new “Good to Drive?” pilot program focuses on reducing DUI injuries and deaths.

Google Health got shot in the arm with the signing of its first insurer, Blue Cross Blue Shield of Massachusetts, which will offer its 3 million members a plan designed to enable them to keep better track of their medical information.

The catastrophe risk management solution provider reaches beyond insurance channels to update other industries and individuals on catastrophic events. Insurers may benefit as a result.

The reinsurer met an aggressive timetable, successfully implementing a policy admin system for its new U.S. operations.

The CFO Forum believes a new set of market-consistent embedded values produce additional consistency and improved disclosure.

A recent Novarica/IASA survey of P&C insurer CIOs traces the evolution of focus from e-business to policy administration systems to predictive analytics.

NAMIC adds voice to those opposing NAIC plan to aggregate market conduct data.

RISK ANALYSIS

A majority of U.S. companies are not overly confident in their effectiveness in managing, controlling and utilizing electronic information.

Current board members Yvonne Norton Leung and Gary Binger will step down in December 2008.

Life insurer hopes to capture additional business with ID theft add-on.