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Insurers are using the new open loss modeling platforms to build their own catastrophe models for three main reasons: clarity, control and cost. Catastrophe models have become extremely important ...
In the typical credit card transaction, once a merchant accepts a credit card and enters card information into a payment system, the card data is sent to an acquirer and payment processor for ...
Every component of the world's public and private infrastructure is subject to the risk of a cyber attack. Companies today face loss of or damage to digital assets; theft of funds; security and ...
An unhappy customer arrives at the office of an insurance company executive by limousine to discuss concerns about the company's service. The scenario may not seem typical unless you're the CEO of an ...
Property/casualty insurers on a mission to achieve strong growth over the next few years need to look beyond developed economies, a reinsurance broker advises in a new report. In the 10th edition of ...
Insurers looking for strong insurance growth need to look beyond developed economies and they need to enter coverage areas for emerging risks like brand damage insurance, mortgage credit risks, and ...
Towers Watson will buy up a Canadian tech company for more than $15 million. The deal is designed to boost its insurance technology/cloud computing offerings for property/casualty carriers as well as ...
Hurricane Katrina was a deadly storm that caused a large loss to the insurance industry—but not so large that it shouldn't have been anticipated by the catastrophe models. In the months after this ...
Property/casualty insurers face a number of external obstacles on the road to delivering more innovative products and reimagining their operations, but the ones that really get in the way come from ...
By his own admission Progressive Insurance CEO Glenn Renwick (and his company) may not be right about the impact certain macro trends will have on the insurance industry, but in his view "it's ...
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