Underwriting & Pricing
Trillions Of Dollars At Risk In Coastal States: AIR Worldwide, CoreLogic
In separate reports released earlier this week, AIR Worldwide and CoreLogic estimated insured property values in coastal areas of the United States reaching into the trillions of dollars. CoreLogic, ...
European vs. U.S. Hurricane Models: Which Is Better?
When forecasters from the National Weather Service track a hurricane, they use models from several different supercomputers located around the world to create their predictions. Some of those models ...
EQECAT To Share Exposure Data Standard With RMS
Catastrophe modeling firm EQECAT announced that it has finalized an agreement to share exposure data schemas with another major catastrophe-modeling firm, Risk Management Solutions (RMS). The ...
Software Solution Development Tools—Sounds Good, But…
Over the past decade, tooling has become an attractive option for both insurers and software vendors as a way to create customized solutions. However, like any overused buzzword, "tooling" has many ...
AIG to Form Agency Distribution Channel with People’s Insurance Co. of China
American International Group Inc., People's Insurance Company of China (PICC) and PICC Life Insurance Co. Limited (PICC Life) said that they have entered into a joint venture agreement to form an ...
Oklahoma Tornado to Cost Insurers Up to $3.5 Billion, Says RMS
The tornado that leveled an Oklahoma City suburb last week probably cost insurers $2 billion to $3.5 billion in claims, according to catastrophe modeler Risk Management Solutions Inc. The estimate ...
Latest AIG Defections: Celmer, Matson to Fireman’s Fund; Bronstein to Navigators
Allianz SE said its Fireman's Fund unit in the U.S. hired Jennifer Celmer from American International Group Inc. to lead sales of personal insurance products to wealthy individuals. "Celmer brings a ...