Many of today’s insurance professionals lack the time, resources, data, and technology to create analytical tools within their organization that allow them to more effectively price property risks and compete against larger carriers. Designing new pricing variables, especially pricing variables …
Texas has a hail problem. OK, from an insurance perspective, Texas has a weather problem, period, but that’s another story altogether. Back to hail. On June 6, a hailstorm walloped heavily populated areas of North Texas with baseball sized hail …
What were you planning to give the New York Department of Financial Services for Valentine’s Day? Hopefully, a certificate of compliance. It is hard to believe that almost a year has passed since the NYDFS cybersecurity regulations (Cyber Rules) became …
RMS, the Newark, Calif.-based risk modeling and analytics firm, has introduced a solution that enables underwriters to access critical information about any location globally, providing “a competitive advantage in risk assessment.” The new application programming interface (API) links insurers’ underwriting …
The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies. Codified at 23 NYCRR §500, the law became effective on March 1, 2017, and requires insurance and insurance-related companies as well as brokers, agents …
The Cybersecurity Requirements for Financial Services Companies (cyber rules) promulgated by the New York Department of Financial Services went into effect on March 1. Now, insurance companies, agencies, brokerages and producers (insurance professionals) doing business in New York, even those …
Willis Re, the reinsurance business of Willis Towers Watson, announced a strategic partnership with technology company Measure to advance the use of drones within the insurance industry and bring the latest drone technology to Willis Re clients. The integration of …
It was hard to tell whether hope or fear was the predominant sentiment about the future of artificial intelligence, according to a panel discussing the state of the field at the World Economic Forum in Davos, Switzerland, Wednesday. A.I. systems …
Impact Forecasting, Aon Benfield’s catastrophe model development team, has issued the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events that occurred worldwide during November 2015. The report leads off with an …
CoreLogic, a global property information, analytics and data-enabled services provider, has released RCT Express 4.2, an expanded property risk assessment platform offering the insurance industry a fully-integrated and complete view of property risk that includes comprehensive building and contents valuation …
