Security risk

The growth of countries such as China, Brazil and India will inevitably lead to more business being written, and that will need new capital to support it, and more insurers, according to Lloyd’s of London Chairman John Nelson. “The challenge we have is to grow the Lloyd’s footprint into the emerging growth countries,” he said in a statement on the company’s website. “There’s an opportunity for Lloyd’s and for the United States, in the high-growth economies. What I hope to see is a situation where brokers are extending their networks, picking up new business across the world and placing it at Lloyd’s.”

ACORD leadership discusses the organization’s achievements and ongoing efforts. 

Two new studies show that the embrace of existing technologies, such as telematics, could soon have a dramatic effect on the insurance industry.

Latest version aims to improve functionality and flexibility of comprehensive risk management and compliance software.

“Although prices are higher, coverage remains affordable and available on a global scale,” said Bob Hartwig, president of the Insurance Information Institute. “It is a steady and stable environment that includes some risk sensitive increases.”

As another deadline approaches for the National Flood Insurance Program, advocacy groups are taking to Capitol Hill this week as Democrats and Republicans attempt to put together an amicable long-term extension before May 31.

Insurance Networking News is proud to present its INN Newscast. This special video edition brings you exclusive coverage from day one of the 2012 ACORD LOMA Insurance Systems Forum in Orlando.

Insurance Networking News is proud to present its INN Newscast. This special video edition brings you exclusive coverage from day one of the 2012 ACORD LOMA Insurance Systems Forum in Orlando.

Risk Radar 2012 designed to provide management and operational staff with real-time visibility into project risks.

Because they underwrite policies differently, perpetual insurers will be analyzed differently than traditional insurers, according A.M Best. The firm’s methodology change, detailed in its “Analyzing Perpetual Insurers” criteria report is not expected to affect ratings and is reflected in the most recent version of “Best’s Credit Rating Methodology (BCRM).”

Additions to capital modeling solutions designed to help life, non-life and composite insurers perform Standard Formula calculation.

In the month of April, severe weather in the central and southern sections of the United States caused $1 billion in insured losses, according to the “Global Catastrophe Recap” report, published by Impact Forecasting LLC, the catastrophe model development center of Aon Benfield. Economic losses were even higher.

Insurance bundle to help commercial solar developers mitigate risks, support project financing.

NFIP reforms sought, but likely to be punted again as competing agendas stall legislation.

Parity to protect organizations from potential losses due to negligent technology professionals.

Efficiency and transparency are driving standards changes around the globe, and ACORD leadership is committed to staying ahead of the changes.

15 minutes with Craig Robinson, StoneRiver reinsurance sales engineer.

After a recent trip to ACORD headquarters, standards don't appear to be as black-and-white as they seem.

Asia/Pacific region spearheads global market growth; Symantec retains its global industry lead.

Solution integrates predictive analytics, business rules and link analysis in an attempt to increase efficiency.