Technology & Analytics
Insurers Offer Discounts for High Net Worth Client Inventory, Appraisal Service
A high tech start-up is promising to give property/casualty insurance companies and brokers access to real-time data on their upscale insureds' property and possessions, making it easier for the ...Milliman Releases Arius 2.0 Loss Reserving System
As presented at the Casualty Loss Reserve Seminar in Boston, global consulting and actuarial firm Milliman Inc. announced last week that it has released version 2.0 of Arius, its loss reserving ...
Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy
The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers' CEO Jay Fishman explained his company's personal auto strategy at the ...Hacker Group in China Linked to Cyber Attacks Against U.S. Firms: Symantec
Computer security experts have discovered a group of highly sophisticated computer hackers operating for hire, a U.S computer security firm said, and it linked the group to some of the best-known ...
Present Day Impact of Great New England Hurricane: Karen Clark & Co.
The Great New England Hurricane of 1938 would cost insurers $35 billion if it happened today, according to a report released by catastrophe risk experts Karen Clark & Co. (KCC) on the 75th ...
AIR Worldwide Provides Risk Modeling for More than $25B in Total Cat Bond Issuance
AIR Worldwide on Monday announced it has provided risk modeling and analytical services for more than $25 billion in catastrophe bond issuance, encompassing more than 115 transactions since the ...
Allstate CEO Dismisses GEICO Threat in Race for Auto Insurance Market Share
Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car-insurance market share in the last three years, said competitor GEICO could struggle to expand sales as it seeks to sell more ...
Future of AIR Worldwide’s Touchstone to Include Non-Cat Risk Analysis
Catastrophe modeling firm AIR Worldwide on Monday announced that its next-generation software platform, Touchstone, will include the ability to account for both catastrophe and non-catastrophe risks ...