Underwriting & Pricing
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 ...
Are Traditional Insurers Ready For P2P Car-Sharing Challenges, Opportunities?
The emerging trend in sharing personal assets—sometimes referred to as "collaborative consumption" or "the sharing economy"—presents challenges and opportunities to property/casualty insurance ...ACE to Open Myanmar Office
The ACE Group said it has received provisional approval from Myanmar's Directorate of Investment and Company Administration to establish a representative office in the country. ACE said it is now ...Zurich Insurance Plans China, Saudi Expansion
Zurich Insurance Group AG plans to expand in China and Saudi Arabia as the insurer seeks to capitalize on economic growth in the world's second-biggest economy and largest oil exporter. Switzerland's ...