Security risk

Peak Reinsurance Co., a reinsurer focusing primarily on the Asia-Pacific market, has selected a catastrophe modeling solution from AIR Worldwide to manage its catastrophe risk.

Partnership intended to simplify the BPM and CRM provider’s encryption approach.

However, report says P&C carriers better equipped than others; PCI discounts findings.

Commissioned by The Hartford Steam Boiler Inspection and Insurance Co., Ponemon Institute’s survey results show many small businesses have had a data breach, almost all involving electronic records.

The goal of the partnership is to provide a file exchange between GEMS Economic Scenario Generator, MG-ALFA actuarial software.

Activist regulators, increased CAT losses pose larger risks, companies must adapt, A.M. Best says.

ARC Logics upgrade includes the NAIC-proposed requirements, which are set to take effect on Jan. 1, 2015.

A review of losses tied to weather-related catastrophes reveals that climate-change models are but one of a growing number of complexities affecting all stakeholders.

Insurance IT leaders need a long-term vision that accounts for today's issues as well as for tomorrow's.

The use of enterprise risk management applications continues to evolve, according to “2012 U.S. Enterprise Risk Management (ERM) Survey,” from Gen Re. The survey focused on setting biometric risk assumptions, which had largely been ignored by previous ERM research.

North American insurers ranked product pricing (51 percent versus 39 percent in 2010), risk strategy (48 percent versus 38 percent in 2010) and reinsurance strategy (44 percent versus 34 percent in 2010) as the areas of their business most impacted by their evolving enterprise risk management (ERM) programs, according to a new Towers Watson survey.

A new report highlights a wave of mobile-focused techniques spreading among hackers.

Regulatory change management solution for insurers now designed to deliver daily updates with a variety of reports and analysis.

The Committee urges the Federal Insurance Office to submit its long overdue reports, including those on the insurance industry in general and recommendations to modernize and improve the U.S. regulation.

Trade agreements could enhance regulatory cooperation and efficiency, promote competition, and prevent regulatory gaps and overlaps.

NILS INsource and NILS INcompass products designed to help monitor, implement regulatory changes.

Legal Solutions Suite purchased in an attempt to simplify billing and expense tracking, monitor outside counsel performance.

California leads states in QCs; suspicious loss of jewelry increased 86 percent.

Insurers can expect winter storm loss damages to return to normal after this weekend.

Analysis from HealthPocket Inc., a health insurance information site for consumers, shows that health insurers have some work to do in the areas of out-of-pocket expenses and transparency. The analysis indicates that 38 percent of plans did not disclose their deductible within its annual out-of-pocket limits, concealing the full amount a person could pay if the “Summary of Benefits” was not read carefully. Once these deductibles are factored in, many plans are not compliant with the Affordable Care Act (ACA).