Technology & Analytics
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 ...
Getting Analytical: Odds of Winning the Bracket Challenge and Uber Rates
Sadly, the chances of winning $1 billion from Warren Buffett's Berkshire Hathaway for predicting the winner of every one of the 63 games in the National Collegiate Athletic Association men's ...
Dollars and Sense: Risk-Based Pricing Helps Insurers Find Opportunities
Today, many insurers believe there is no bad risk—it just needs to be priced properly. As the market trends toward more analytic- and data-driven decisions, insurers are continually exploring ways ...
Guy Carpenter Rolls Out Casualty Cat Model
Guy Carpenter has launched a new data-driven casualty catastrophe model, GC ForCas, developed to help insurers better understand their exposure to casualty catastrophe losses resulting from the ...
HCC Specialty Forms Strategic Alliance With Weather Analytics
Specialty insurance underwriter HCC Specialty has formed a new strategic alliance with Maryland-based Weather Analytics, an innovative provider of precision climate and weather data and analytics. ...
Becoming Cyber Resilient: A Seven-Step Guide for Insurers
To effectively address cybersecurity issues and the myriad regulatory requirements taking shape, insurers should consider taking several steps. The seven steps set forth below are designed to move ...
Regulatory and Market Imperatives Place Cybersecurity High on Carrier Agendas
Insurance carriers, with their large repositories of high-value personally identifiable information (PII), are increasingly threatened by cyber attacks from bad actors globally. Such attacks could ...