CTO / Technology
Allianz: Business Interruption Remains Huge Risk; Cyber Gaining Fast
Business interruption is the top concern of risk managers heading into 2016 for the fourth year in a row, but cyber is a fast-growing corporate worry, according to a new report from Allianz Global ...
Lloyd’s Discloses Standardized Data Requirements for Cyber Risks
Lloyd's of London has developed common core data requirements for cyber risks, a task achieved through collaborating with modeling firms AIR Worldwide and RMS, along with RMS' partner, the Cambridge ...
Hiscox Adds Nuclear and Biothreat Coverage to Terrorism Portfolio
Hiscox said it has beefed up its terrorism coverage, with an eye on addressing nuclear, chemical or biological threats. The specialist insurer also noted it provides the coverage, including policies ...
Auto Liability Will Buck Price Declines, and Other Marsh 2016 Predictions
Pricing may be plunging across much of the U.S. casualty market in 2016, but not for auto liability. Higher pricing and reduced capacity will likely hit automotive liability over the next year, ...
Self-Driving Car Rollout Will Accelerate Under New U.S. Government Plan
Self-driving cars will get closer to appearing on American roads under a U.S. Transportation Department plan to speed their rollout. Regulators will allow automakers that can demonstrate they have a ...
Ironshore Turns to Shanghai with Launch of Lloyd’s China Platform
Ironshore International, now fully owned by Chinese conglomerate Fosun International, is expanding into Shanghai via Lloyd's. The Bermuda-based specialty property/casualty insurer will be doing this ...
RMS CEO Shah Pledges 2016 Cloud-Based Cat Modeling Roll-out
RMS, after months of additional fine-tuning and ironing out kinks, is ready to roll out cloud-based catastrophe risk management system RMS(one) through 2016, co-founder and CEO Hemant Shah said on ...
P/C Execs Predict Cyber Growth and a Democrat in the White House
Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they do ...