Technology & Analytics
Guy Carpenter Launches Next-Gen Canada Flood Model
Guy Carpenter launched its G-CAT Canada Flood Model, which it describes as the first ever probabilistic model for Canada that enables insurers to assess their exposure to flood, Canada's most ...
RMS Releases Latest Europe Windstorm and North Atlantic Hurricane Models
Catastrophe risk modeler RMS has released version 15.0 of its RMS Europe Windstorm and RMS North Atlantic Hurricane Models. Matthew Grant, general manager of models and data at RMS, said the updated ...
How Wearable Devices Are Disrupting the Insurance Industry
Nearly 50 years after Captain Kirk began using his wrist communicator on the television show "Star Trek," wearable technology is taking hold. From Fitbit to Google Glass, the technology is ...
IBM $3B ‘Internet of Things’ Unit, Weather Co. Alliance to Benefit Insurers
IBM is investing $3 billion to build an "Internet of Things" division aimed at harnessing the massive trove of data collected by smartphones, tablets, connected vehicles and appliances and using it ...
AIR Worldwide and FirstBest Collaborate on Integrated Underwriting Product for Commercial Insurers
AIR Worldwide and FirstBest Systems, provider of insurance software solutions for U.S. and global insurance carriers, have announced a collaboration that will integrate AIR's catastrophe modeling ...
Hochberg Moves Up as CEO of JLT Re in North America
Global reinsurance broker JLT Re announced last week that Ed Hochberg has been appointed as CEO of JLT Re in North America. Hochberg, who joined JLT Re as part of the 2013 Towers Watson Re ...
Risky Snapshot Drivers May See Rate Hikes, Progressive Says
Progressive Corp., the fourth-largest U.S. auto insurer, said it will begin increasing rates for some risky customers who participate in a program that allows the company to electronically monitor ...
CNA Launches Quote Advantage Tool for Small Business Segment
CNA on Friday unveiled its new Quote Advantage tool, the latest upgrade for CNA Central, the company's online automation platform for independent agents. According to a company statement, the new ...