Data security

IT will be required to develop the robust systems and data environment to perform and analyze risk metrics in tight time frames. There's a regulatory train coming, and IT needs to stay ahead of it.

Market conduct exams, privacy and data protection rank at the top of insurers' regulatory concerns, according to a recent survey.

The 2013 Atlantic hurricane season, which ran from June through November, was the first since 1994 with no major storms.

Lumeta Corp. has integrated its IPsonar and ESI products with the Allgress' Insight Risk Management Suite.

The platform now is designed to be a probabilistic loss estimation tool generating exceedence probability curves, probable maximum losses and average annual losses.

Having established core capabilities last year, chief risk officers now are focused on making core processes and tools work better, according to Ernst & Young survey.

Peter Skerlj brings more than 17 years of experience to the role.

The insurer's usage-based insurance program could next leverage GPS, smartphones and OEM telematics hardware, company says.

The vast majority of insurers report positive impact on bottom line, but a survey by Towers Watson finds applications and adoption rates vary substantially by line of business and insurer size.

However, gaps exist between business' and IT's expectations, definitions and applications, according to Strategy Meets Action.

Insured Rating incorporates ISO content and handles general liability and commercial property business.

The ISO portal is designed to provide a foundation for a more technical approach to underwriting and rating.

Insurer to offer DriveCam safety and compliance program to fleet owners in an effort to improve fleet safety.

Risk transfer opportunities just beginning to be realized, Towers Watson says; 90 percent of CFOs surveyed expect to see prices decrease.

Insurer announces a new chief information officer, chief claims officer, chief risk officer and 30 more corporate officers.

More than half of Chicagoland drivers drive fewer than 10,000 miles per year, insurer says; fuel costs and heavy traffic discourage driving.

In 2012, PIP claims reached an annualized $14,207 per claimant, Insurance Research Council says, despite decreasing severity of injuries.

Suite of predictive models offers insurers the opportunity to score driving behavior across multiple vehicles and vehicle usage patterns across multiple drivers, LexisNexis said.

A recent Novarica report shows external threats, such as network technology vulnerabilities and mobile device issues, are driving insurers to increase IT security spending.

The practice focuses on the development and delivery of cyber reinsurance solutions to address cyber security risks.