Security risk

Second annual StoneRiver survey indicates a lack of enterprise risk management, readiness for changing regulatory climate.

In the report, entitled “Data Agility: Turning a Liability into an Asset,” Tabb assesses spending and implementation plans at financial firms, and their ramifications with enterprise information sharing and distribution. Tabb found that spending on internal resources will drop to 39 percent of the overall IT budget by 2014, reflecting a 5-percent decline from 2012 and a 27 percent decrease since 2000.

Research using the websites of State Farm, Allstate, Progressive and GEICO indicates good drivers who live in moderate-income areas are being quoted higher prices for auto insurance, and rates vary widely across providers.

Professionals agree that predictive modeling has changed the way policies are priced, but what other potential does it have and where does this leave actuaries?

A new report from Celent offers an updated regulatory roadmap and guidance for a systems assessment.

Alliance to enable deductibles and real-time tracking and monitoring for Chubb customers.

Wolters Kluwer Financial Services announced that ComplianceWare, its market conduct research tool, has been updated in an attempt to provide insurers with access to market conduct exams and the more-than-900 enforcement actions issued since January 2010 in a unified, searchable environment.

The market has been driven to a place where insurance-linked securitizations work from a pricing perspective, say experts at a recent S&P conference.

Penalty settles allegations AIG wrongfully tried to avoid paying state residual market assessments and taxes.

Aite Group Senior Analyst Stephen Applebaum outlines the many social media initiatives insurers are embarking upon from this year's IASA conference in San Diego.

At day two of the 2012 IASA Annual Education Conference and Business Show, Joe Pomilia, IASA’s executive director talks about how the association is keeping up with the way the industry seeks knowledge, Aité Group’s Stephen Applebaum discusses insurers social media efforts and INN outlines the Solvency Modernization Initiative. 

OSI focused on compliance management, relationship management and compensation management for latest version.

As insurers move rapidly to adopt more consumer-centric business models, their efforts are tempered by equally imperative compliance concerns surrounding these new forms of communications and business transactions.

Non-traditional and non-insurance activities and interconnectedness categories to weigh more in determining global systemically important insurers.

Collaboration intended to help insurers to meet Pillar 2 ORSA requirements of forthcoming Solvency II directive.

SOA products deployed as VMware images, designed to provide organizations added flexibility for deployment, migration.

Study from Prudential and CFO finds majority of executives are looking to move to employee-choice models for benefits.

Consultancy provides a forum for chief risk officers to discuss trending practices and hot-button issues in risk management.

Ken Fraser will also lead the company's international insurance practice and global broker network.

While the anticipated FIO report on how to modernize and improve insurance regulations in the United States is, after missing its initial deadline of January 31, still in progress, McRaith delivered testimony last Thursday, but was only made public today, before a House Committee on Financial Services meeting titled, “U.S. Insurance Sector: International Competitiveness and Jobs.” In McRaith’s testimony, he outlines some of the FIO’s activity in lieu of the report, including the addition of four more professionals this month to bring its team up to 15.