Technology
Markel extols value of ECF
A pilot project led by Markel International has found the time taken for lawyers to recover fees from insurers can be "slashed" using the Electronic Claims File system.
Report finds "convergence" between Lloyd's and Bermuda markets
Lloyd’s and Bermuda represent distinct and different approaches to underwriting, but that their work practices and risk evaluation methods are showing signs of convergence.
Fineos release softens impact of ECF2 delays
Fineos Corporation, a provider of core software solutions for London Market, insurance and government social insurance, today announced the launch of a range of enhancements to its claims solution, in the face of the stated delay in the launch of the…
ECIC strikes deal with Acturis
The Electrical Contractors’ Insurance Company has teamed up with insurance technology company Acturis to deliver a range of online tradesman products.
New risks and regulation “reshaping” reinsurance industry, says Towers Watson
Professional services firm Towers Watson, has asserted that the growing complexity of reinsurance structures in recent years has ramped up demands on buyers and “radically transformed” the industry.
AIR updates European cyclone model
Catastrophe risk modelling firm AIR Worldwide has released an update to its extra tropical cyclone model for Europe.
Marsh adopts Sequel software
Marsh has replaced heritage technology systems within its London market business with one broking software package.
Identity fraud: Tolerance levels
With technological advances arguably making insurers more susceptible to fraud at the underwriting stage, should validation techniques be learned from banks? Amy Ellis examines the issue of fraud at the front end.
IUMI conference preview: Ready to launch
Eric Alexander previews the upcoming International Union of Marine Insurance conference in Zurich and predicts what the hot topics for the market will be.
Interview - Sandy Scott: Discovery continues for tireless Scott
As CII chief executive Sandy Scott notches up a decade at the helm of the institute, he talks to Lynn Rouse about change, challenges and his critics, plus the professionalism agenda he is intent on pursuing.
BIS countdown - business transformation: Adapt to survive
Insurers can adapt to survive the unprecedented changes ahead by looking at other sectors, such as the automotive industry, which have already suffered the twin stresses of global competition and enhanced customer expectations, claims Keith Aylwin.
BIS countdown - outsourcing innovation: Major makeover
As growth demands surpass in-house capabilities, Jeremy Owenson looks at how modern day outsourcing can more easily produce mutually beneficial solutions.
Swiftcover to check history of applicants in fraud crackdown
Swiftcover has said that it wants to crack down on drivers who lie about previous claims to get cheaper insurance by automatically checking the claims histories of applicants.
Ex-Gallagher CIO joins XL
XL Insurance has appointed Terry McGinness as chief information officer for its international property & casualty as well as global specialty business units, based in London.
Aon Benfield set to launch app
Aon Benfield has announced the launch of an application for its proprietary facultative placement platform, FAConnect.
Axa launches online portal for brokers
Axa Insurance has launched an online portal for independent personal lines brokers.
Lloyd’s to trial Ipads in underwriting process
Lloyd’s has joined with brokers Marsh, Cooper Gay and RK Harrison Group to trial the use of Ipads in its underwriting room.
CMS launches paperless broker system
Compliance Management Services has launched a paperless people management system, Streamline Solutions, aimed at the insurance broking sector.
UK-Indian traing relations: A passage to India
The UK has long looked at India as a trading partner, especially its outsourcing sector. Following a recent visit by a delegation led by the Prime Minister, Daniel Dunkley looks at how the insurance industry is building its own links with the country.
BIS Countdown - Mike Morrisey: The international agenda
The International Insurance Society claims to be the largest multinational organisation of its kind, with almost 1000 members from more than 90 countries. Ahead of his keynote address at the British Insurance Summit, president and chief executive Michael…
Rendevous - Talking heads 2010
Reinsurance talks to some of the industry heads ahead of the Monte-Carlo Rendevous.
Inside view: Part of the solution
As we enter a difficult hurricane season, witness record monsoon rainfall in Asia and continue to count the costs involved in the Deepwater Horizon incident, is it time to look at these increasing environmental problems from a different perspective, asks…
Technology: If the cap fits...
Will you build or buy your new reinsurance IT system? Kevin Richmond explores some of the recent advances and key considerations in the perennial resourcing debate.
Catastrophe: Put a (stronger) lid on it
Natural catastrophe models have been transformed through scientific research, growth in global and localised observation systems and modeling technology enhancements. But despite this, uncertainty remains, say Claire Souch and Michael Kistler.