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New Product Announcements: March 29, 2011
CAPACITY GUY CARPENTER & CO. LLC will develop a market for weather, index-based microinsurance for flood and drought, along with RISK MANAGEMENT SOLUTIONS (RMS), to benefit farmers in Mozambique.
ALLIANZ GLOBAL CORPORATE & SPECIALTY CANADA (AGCS) now offers insurance products and services for mid-level businesses in the Canadian market. AGCS Canada will design insurance solutions specifically for midsize companies across a wide range of sectors, including manufacturing/distribution, construction, and telecommunications/media, including companies operating internationally. IRONSHORE INC. announced that its political risk insurance unit increased capacity limits to $25 million on a gross limit basis for its global platform of political risk insurance lines and other trade-related coverages for risks maturing out to five years. SOLUTIONS SAP AG has announced the availability of its newest release of governance, risk and compliance (GRC) software, providing a single, unified environment for the most comprehensive support for management, monitoring and analysis of enterprise risk and compliance activities. The new release integrates GRC capabilities into everyday business processes, helping make risk management, regulatory compliance and safe, productive operations a standard and a consistent practice. CSC announced the availability of the Java version of its POINT IN policy administration solution for North American-based property/casualty insurers. This new option runs on the Microsoft Windows platform with a SQL Server database. VALEN TECHNOLOGIES released a predictive analytics system called InsureRight, which is a cloud-based system designed for workers' compensation insurers. It includes a risk score and a misclassification score. BLUE COD TECHNOLOGIES INC. expanded its Professional Services offerings to include conversion and migration services, staff augmentation services, reporting and compliance services, automation services and more. COVERAGES CFC UNDERWRITING launched its BioSurance MD product, a multiclass policy targeting key exposures for a wide range of medical device companies involved with the design, development, manufacture or distribution of medical devices of all grades. As with all of CFC's policies, BioSurance MD is backed by 17 Lloyd's of London syndicates. IRONSHORE INC. introduced its Ironshore AgriProtection, an umbrella policy launched in response to increased demand from a broad spectrum of large, middle market, commercial agribusiness entities. The AgriProtection Lead Umbrella form provides ISO-based occurrence coverage with limits up to $25 million. Worldwide coverage is available for large, commercial agriculture risks with annual revenues between $50 million and $500 million, although other size risks will be considered. March 29, 2011 Copyright 2011© LRP Publications |
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