Security risk

Industry executives share their perspectives in a recent survey.

Using newly created tactics, Liberty Mutual has been able to have many of Progressive's patent claims cancelled, an important step in fending off the infringement case Progressive has filed against it and other insurers.

To improve customer satisfaction, accuracy and cycle time for weather-related claims, the insurer integrated Verisk’s data and analytics capabilities into its estimating application.

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.

Most national commercial health insurers, including UnitedHealthcare, Aetna, BlueCross BlueShield and Humana, say they are ready for the October 1 implementation deadline.

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.

Republican members of the House Energy and Commerce Committee have sent letters to every insurer participating in the federal marketplace to request specific enrollment data.

AIG taps Peter Fisher's global experience with the regulation of financial services companies, including his work with the Treasury Department undersecretary for domestic finance and at the Federal Reserve Bank of New York.

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