Technology & Analytics
Actuaries, Underwriters Still at Odds as Predictive Analytics Usage Grows
While recent survey results show less conflict between actuaries and underwriters over insurance pricing this year than last, and underwriters warming up to the use of predictive analytics, issues ...
Connected Cars Fuel Battle Over Big Data Goldmine
As you may have suspected, your car is spying on you. Fire up a new model and it updates more than 100,000 data points, including rather personal details like the front-seat passenger's weight. The ...
Carriers Losing Sight of Traditional Cat Risk Exposures: AIR Worldwide CEO
Novel risks of the digital age are not the only ones that property/casualty insurance industry executives should be worried about as they seek to manage insurance and reinsurance portfolios, the ...
A Top Priority: Regulators Tackle Cybersecurity
Of all the issues currently facing the insurance industry, perhaps none is more important than cybersecurity. The recent data breaches at four insurance companies focused attention on the insurance ...
Highlights of the Insurance Data Security Model Law
A draft of the Insurance Data Security Model Law was released by the Cybersecurity (EX) Task Force in March. Insurers and others have been commenting on the release through written letters and during ...
AIR Worldwide Introduces Earthquake Model for India
Catastrophe risk modeler AIR Worldwide, a Verisk Analytics business, has released a new earthquake model for India that estimates losses to residential, commercial and small industrial buildings as ...
RMS Version 16.0 Includes Updates for Terrorism, Europe Windstorm Clustering
Global catastrophe risk management firm RMS has released version 16.0 of its catastrophe modeling platform, which includes updates to both the Europe Windstorm Clustering Model and Terrorism Modeling ...
New Forecast Model Predicts How Far Storm Waves Will Push Water Out on Beachfronts
When John Couch is certain a storm will hit Hatteras Island, he goes into action, moving merchandise in his auto parts store from bottom shelves to top ones and hauling away the most valuable items. ...