Risk Management

News

Munich Re, Ace Among Insurers Ready for Climate Risk, Ceres Says

By Laura Davison

Global costs from natural catastrophes were $125 billion in 2013, including $31 billion in insured losses, a number that is expected to increase.

Motorists Insurance Utilizes Effisoft Software for Reinsurance Repository

By Jennifer Morrell

Effisoft’s WebXL reporting tools provide stronger controls and dramatic productivity gains.

ADEPT Driver Releases App to Measure Teen Driver Risk

By Jennifer Morrell

So-called Risk-O-lator app allows teens to test their knowledge about risky driving behavior.

Fed Seeks Data in Crafting Capital Rules Framework for Insurers

By Cheyenne Hopkins and Matthew Boesler

Collected information would enable further exploration of areas of concern raised by commenters during the proposal stage of the revised regulatory capital framework rulemaking.

Swiss Re Says Super Profits for Catastrophe Business Are Over

By Carolyn Bandel

Reinsurance prices dropped this year during each of the policy renewal periods in January, April and July, according to broker Guy Carpenter.

Munich Re Sees Rates Under Pressure at Monte Carlo Price Talks

By Carolyn Bandel

Extremely low interest rates for investments and years in which losses for reinsurers were relatively low are adding pressure on prices.

Aon Benfield Reports Record Reinsurance Capacity

By Jennifer Morrell

Record reinsurance capacity is driving growth capital for insurers.

Adopting a Multi-Pronged Approach to Cyber Risk

By Beth Bacheldor

Insurers must catch up with other sectors in responding to cyber threats, says a panel of Deloitte experts.

Aon Affinity Partners With AXIS Insurance

By Jennifer Morrell

Aon Risk Solutions also appoints new leadership in its Financial Services Group; Brian Wanat will serve as CEO for the U.S. Financial Services Group.

Cyber Liability Insurance Demand Expected to Outstrip Supply

By Beth Bacheldor

Insurers lack data, tools to price new policies with confidence, according to Novarica report.

PEMCO Selects CGI’s Ratabase 8

By Jennifer Morrell

Ratabase enables rating programs and product segmentation to be deployed quickly, CGI says.

RMS Updates Probabilistic Terrorism Model

By Jennifer Morrell

The updated model reflects a reduction in large-scale event attack frequency for cities in Canada, Denmark, Ireland, Italy and the United Kingdom.

NICB Reports Drop in Number of Car Thefts

By Jennifer Morrell

The Hot Wheels: America’s 10 Most Stolen Vehicles report reveals a 50-50 split between domestic and imported cars.

Connected Homes Creating Opportunities for P&C Insurers

By Chris McMahon

As more consumer and household goods are equipped with connected sensors, opportunities for risk mitigation and pricing are on the rise.

Missouri Employers Mutual Selects Risk Control Technologies

By Jennifer Morrell

MEM also worked with Risk Control Technologies to integrate Guidewire PolicyCenter and ClaimCenter data into the loss prevention system.

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