Hiscox Launches New Portfolio of Technology Products in U.S.
Hiscox has launched a new suite of technology products to address the growing technology, privacy and cyber risks facing businesses globally. Hiscox coverage includes breach of contract and intellectual property exposures, which representing over 80 percent of all technology claims …
How High-Tech Use by Young Agents Is Changing the Way the Insurance Industry Operates
San Diego, CA, 05/23/12 – Tech-savvy young independent insurance agents are changing how the property/casualty insurance industry operates, a new survey reveals. Jason D. Cass, owner of the JDC Insurance Group based in Centralia, Ill., who also serves as chair …
Lloyd’s U.S. CEO Comments on the Importance of ‘Vision 25’
Lloyd’s announcement on Friday of the launch of its “Vision 25” program, an ambitious plan to prepare the historic London market for the future, came as no surprise to Hank Watkins, CEO of Lloyd’s North America. “We are planning for …
Lexington Launches Technology Contract Risk Policy
Lexington Insurance Co. has introduced a technology contract risk policy called Parity.Parity protects organizations from potential losses and expenses resulting from the negligence of a technology professional. A technology professional’s negligence may result in an organization suffering losses that are …
P/C Insurance Technology Vendor FirstBest Gets $10 Million
Property/casualty insurer technology vendor FirstBest Systems Inc. said it has completed $10 million in funding. With the new round, NewSpring Capital and Verisk Analytics Inc. join private equity firm Brookstone Partners, which also participated, and existing investor Flybridge Capital Partners, …
ACE Risk Management Launches Portal for Uninsured, Underinsured Motorist Issues
The ability to validly elect or reject uninsured/underinsured (UM/UIM) motorist coverage has a significant economic impact on insureds and insurers. All 50 states and the District of Columbia have requirements regarding the completion of election forms. ACE Risk Management (ARM) …
Allianz Analyzes Marine Risks – 100 Years after Titanic Disaster
Specialist marine insurer Allianz Global Corporate & Specialty (AGCS) has taken an in depth look at the current state of marine insurance 100 years after the sinking of the Titanic. That legendary disaster led to improved safety requirements for ocean …
Celent Survey Forecasts Insurers to Spend $140.6 Billion on Technology in 2012
Global information technology spending by insurance companies is expected to reach $140.6 billion in 2012, an increase of 6.3 percent over 2011, according to a new report from Celent, part of the Oliver Wyman (MMC) group. The figure is substantially …
UK Gov’t. Minister Lauds Willis Tech Product; Stresses Innovation Importance
In a rapidly changing world, new innovations that keep global companies competitive are an extremely important resource – none more so than in the UK’s insurance sector. The Rt. Hon. David Willetts, the UK’s Universities and Science Minister, demonstrated just …
