Risk Management

News

IBM and Swiss Re Partner for Cyber Security

By Chris McMahon

The agreement combines IBM's knowledge of IT security with Swiss Re Corporate Solutions' underwriting experience, the companies said.

Evan Greenberg Says ‘Not Yet’ on Repeat of Insurer Stupidity

By Doni Bloomfield

Property-and-casualty policy sales fell 2.9 percent in the first quarter, Zurich-based Ace said, driven partly by currency fluctuations and declines in the agriculture business.

5 Key Trends from RSA Security Conference

By Joe Panettieri

The computer security industry is eating humble pie at this week's RSA Security Conference in San Francisco. Amid continued cybersecurity break-ins and a growing threat landscape, here are five key IT security and data protection trends emerging at the conference.

Canal Insurance Picks Lytx

By Chris McMahon

The insurer will use the Lytx DriveCam Program, which combines video with predictive analytics, real-time driver feedback and coaching, to reduce injuries and identify and correct driving behaviors that could lead to collisions.

Florida’s Hurricane-Free Stretch Has Insurer Bracing for Storms

By Darrell Preston

With hurricane season set to start June 1, Citizens is taking advantage of interest rates close to generational lows to bolster its claim-paying ability.

Nationwide Finds Ohio State the Perfect Analytics Match

By Nathan Golia

The insurer’s Nationwide Center for Advanced Customer Insights on the Ohio State University campus gives students exposure to real-life insurance data and business challenges.

Family Mutual Takes Property Inspection to IPad

By Chris McMahon

The property insurer rolled out the Spex Mobile Property Inspection Platform to help it compete effectively against big insurers.

How MassMutual Gives Data Grads the Startup Feel They Crave

By Nathan Golia

The company is collaborating with several colleges in its home region to bring data science talent into the organization in a new way.

Why The Biggest Insurers Are Going Back To School

By Nathan Golia

Nationwide, MassMutual, and State Farm are among the growing number of large insurance companies working closely with universities to build a pipeline of technology talent.

Germanwings Insurers Set Aside $300 Million for Plane Crash

By Richard Weiss and Oliver Suess

Lufthansa is facing possible financial claims from the families of victims, which legal experts have estimated at around $350 million.

Internet of Things Prompts New Cybersecurity Risks

Innovations in security will be aimed at fortifying cloud services, big data, wireless communication and the Internet of Things (IoT), according to Frost & Sullivan.

IBM Joins Weather Co. to Develop Forecast Tools for Businesses

By Alex Barinka

IBM has been trying to lure customers to its analytics business with data from partners.

Munich Re Joins University of Michigan's Driverless Car Group

By Nathan Golia

The global insurer is the first insurance industry member of the U-M's Mobility Transformation Center Affiliate program

Insurance Data Encryption Argument Settled After Major Breaches

When insurers assess the risks and conduct cost-benefit analyses on whether information systems should be encrypted, more often than not the decision has been made to not encrypt. That has to change now, industry observers say.

Why Do Hackers Target Health Insurers?

By Nathan Golia

Hackers succeeded in accessing claims and clinical data from Premera, but they may be wasting their time trying to monetize health data, industry observers say.

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