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SOFTWARE

iPartners, is offering the iPartners Insurance Scorecard to help managers in midsize property casualty insurance companies view and analyze all of the data they need to maximize profitability. The Scorecard automatically loads data from policy and claims systems, stores that data securely, and presents it graphically, incorporating more than 40 key performance indicators of immediate past performance and trends over time, and more than 100 ways of displaying that information.

Weather Risk

Risk Management Solutions has released version 5.0 of its Climetrix weather derivatives trading and risk management system, introducing a capability of allowing users to schedule automatic analyses and have the results delivered to them via e-mail or sent to a client-specified FTP address. It's also an option that enables users to price 'covered call' or 'covered put' contracts as single structures and generate a new reports.

Document Management

InSystems has unveiled Calligo Enterprise 5.4, document-automation software with new functions for document assembly, search, managing negotiated wordings, workflow, collaboration, and notification. New features help insurance companies improve productivity and get new products to market faster. Drag-and-drop creation of model documents makes it easier to create templates for policy production, proposal generation and claims correspondence. It's simpler than ever to provide personalized policies, contracts, logos and letters that automatically use the writer's scanned signature.

Compliance

The Blue Sage Group has released its newest product, Torch Control, a ready-to-use Sarbanes-Oxley internal control software tool that combines content with a powerful document manager and audit and reporting tools which enable companies to reduce the cost of compliance. Torch Control provides a sustainable, cost-effective SOX 302/404 compliance solutions. Torch Control's compliance software is flexible and can be tailored for any business.

Risk Management

ESS, a provider of operational risk management software and services for environmental, health and safety and crisis management, has announced that its Essential Suite software has been updated to include new global and module-specific functionality to improve overall reporting effectiveness. One of the primary enhancements is functionality that enables people to access the software in their native language.

EDUCATION

Reinsurance

"Reinsurance Claims," a reference work published by the Bharat Book Bureau, contains up-to-date commentary and legal cases, and is the first publication to offer a clear view of this elusive aspect of the law. Reinsurance Claims is a user-friendly guide. It illustrates how best practices can reduce the number of contractual disputes arising from faulty reinsurance underwriting and claims practices.

INSURANCE

Specialty Coverage

Beecher Carlson has announced the release of Precision, a brokerage and captive software product for residential developers and builders. Precision combines the expertise of risk management consultants with alternative risk financing solutions, the company said.

Liability

The Hartford Financial Services Group Inc., has issued a new real estate errors and omission liability product for the small to midsize brokers, the company has announced.

--Compiled by staff from news and company releases.

April 15, 2006

Copyright 2006© LRP Publications