Internet News

Outdated SAP Software May Be Vulnerable to Hackers if Not Properly Patched

Europe’s biggest software company, SAP, is the subject of a U.S. security alert over a vulnerability the firm disabled six years ago that can still give outside attackers remote control over older SAP systems if the software is not properly …

Aon Launches Next Generation of ReMetrica for Risk & Capital Modeling

Aon Benfield, the global reinsurance intermediary and capital adviser of Aon plc, has launched ReMetrica Version 7.0 – its next generation platform for risk and capital modeling. Following Solvency II and equivalent regulation, insurers are demanding more value from their …

Ruschlikon Expands Global Reach in 2015; Use of ACORD Standards Rises 20%

Ruschlikon, the global community of insurers, brokers and reinsurers with a mission to optimize industry administrative costs and enhance client services, announced achieved several important milestones in 2015 — a year that saw an expansion of its global footprint. Ruschlikon* …

RIMS 2016: Star Trek Tools, Workers Comp’s Future Help Draw Biggest Crowd in 13 Years

Workers’ compensation, geopolitical risks, recalls, disaster response, the captive industry and cyber security were among the topics of sessions held throughout the final day of the annual RIMS conference for risk management and insurance professionals in San Diego, Calif. The …

Fintech Revolution May Threaten 250,000 Jobs as Europe Insurers Seek Cost Cuts

The rush is on to replace people with software in Europe’s insurance industry as cost cutting and automation become increasingly crucial to bolstering earnings. Zurich Insurance Group AG is accelerating its cost reduction program, targeting savings of at least $1 …

Carpenter Launches New Version of Client Portfolio, Risk Management Platform

Guy Carpenter & Co. announced the launch of GC AdvantagePoint® 2.0, the latest release of its client portfolio and risk management platform. With GC AdvantagePoint 2.0, clients are able to easily leverage the technology to make strategic decisions through the …

UK’s Towergate Hires Accenture to Manage IT Infrastructure Transformation

Towergate, Europe’s largest independently owned insurance intermediary, is undertaking an IT infrastructure transformation across its entire business to address challenges posed by legacy systems and lack of integration and has chosen Accenture as its strategic service provider. The transformation program …

Software Provider Vertafore Acquires Canada’s Keal Technology

Vertafore, the Bothell, Wash.-based insurance software provider, announced the acquisition of Keal Technology, a leading provider of broker and commercial management systems in Canada. The move extends Vertafore’s customer base into Canada, further enhancing its international footprint, the company said …

UK’s RSA Forms Partnership with Wipro to Provide IT Infrastructure

UK-based RSA announced a new, seven-year partnership with Wipro Ltd. to deliver its IT infrastructure requirements across the UK, Ireland and Scandinavia. Bangalore, India-headquartered Wirpo, a global information technology, consulting and business process services company, will provide infrastructure for mainframe, …

UK Firms ‘Can’t Afford to Ignore’ Cyber Risks, One of Top Business Threats: PwC

UK companies and institutions remain vulnerable to cyber attacks despite the fact that many CEOs now rank cyber as one of the top threats to their businesses, warns PwC’s Cyber Security practice. Almost three-quarters (74%) of chief executive officers in …