Markel Specialty is launching Risk Solution Services, its newly expanded loss control department. Coalition and Q6 Cyber will partner on a new initiative designed to enhance cyber underwriting. AIR Worldwide updated its Hurricane and Inland Flood Models for the United States.
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Markel Specialty is launching Risk Solution Services, its newly expanded loss control department.
This department, headed by Allison Elzer along with her team, will support clients and production partners by offering risk management products and services, as well as collaborating with claims professionals and underwriters to navigate current and future risk trends, Markel specialty said.
Part of its focus has involved developing COVID-19-related resources.
“We have met the unique challenges brought on by COVID-19 by developing a suite of materials to help educate and prepare our partners and clients,” Elzer added. “Engaging in more lines than ever before, we intend to continue to find innovative ways to leverage technology and expertise to interact with our clients and partners.”
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Q6 Cyber, a provider of e-crime intelligence, and Coalition, a cyber insurance provider, will partner on a new initiative.
Coalition plans to use Q6 Cyber’s proprietary threat intelligence – used to prevent fraud and cyber-attacks –to enhance the underwriting process for cyber insurance and protect Coalition’s insureds from damaging cyber-attacks.
Q6 Cyber’s cutting-edge technology monitors the “Digital Underground” – a vast universe where cybercriminals operate. The company’s 24×7 coverage includes the DarkWeb, DeepWeb, malware networks, and other cybercrime infrastructure, producing highly targeted and proactive intelligence for early detection of network intrusions, data breaches, account takeovers, and more.
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AIR Worldwide updated its Hurricane and Inland Flood Models for the United States.
According to the Verisk-owned catastrophe risk modeling firm, the update for the hurricane model features a new module for precipitation-induced flood risk, while the flood model includes major enhancements to both hazard and vulnerability, including a new, higher-resolution digital terrain model.
Taken together, the updates to these models are designed to help insurers and reinsurers enhance their risk management and have a unified and comprehensive view of flood risk across the United States and for all property lines of business.
The AIR Hurricane and AIR Inland Flood Models for the United States are available in the 2020 releases of Touchstone and Touchstone Re catastrophe risk management systems.
Sources: Markel, Coalition and AIR Worldwide