Technology/Science
Two Insurance-Related Risk Services Companies Make Acquisitions
Two companies that provide various services and products in insurance-related areas including risk management compliance and claims have made acquisitions. The first, Origami Risk in Chicago, said it ...
Getting It Done: Keys to Policy Administration Systems Transformation Success
The policy administration transformation effort includes many phases that present the carrier with unique challenges. Survey respondents were asked which phase was the most challenging. Planning ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
Google Spins Off Self-Driving Car Project Into New Company
Google parent company Alphabet Inc. is separating its self-driving car project into a new business called Waymo, seeking to sharpen its focus on changing the transportation industry. John Krafcik, ...
Policy Administration Transformation: Business Case Moves Carriers to Action
As the marketplace moves toward digital technology, the need for faster and less expensive solutions is elevating the role of core systems into front-office interactions. This is driving carriers ...
Insurability Challenges Hamper Cyber Market Development: Geneva Assoc. Report
While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market," according ...
Cyence’s CEO Sees an Urgent Need to Model Cyber Risk
Property/casualty insurers continue to explore ways to better insure cyber risk. Cyence digs deeper, modeling the financial impact cyber events can cause. Launched a little over two years ago in ...
Sharing Economy, New Technology Pose Challenges for Insurers
Emerging risks associated with the sharing economy and new technology pose new challenges for insurers, according to members of the International Association of Claim Professionals (IACP) who sat ...
Cyber Risk Management Essential Even Though Security Can’t Be Foolproof
No company is fully secure from cyber breaches, no matter how sophisticated its cyber defense mechanisms, which is why every company should develop a cyber risk management strategy, according Marsh ...