SEDGWICK CLAIMS MANAGEMENT SERVICES INC. released the latest version of its Web-based proprietary risk management information system (RMIS), viaOne, for the Apple iPad. The new platform will provide risk management tools to help users visualize and analyze claims.
GUY CARPENTER & COMPANY LLC extended the coverage of its Asia flood model to include the main flood risk areas in Jakarta, Indonesia. The model allows for analysis up to a 1,000-year return period and enables clients to better estimate their probable maximum losses at various return periods based on their commercial, industrial and residential exposures.
CTG, an international information technology (IT) solutions and services company, developed a new software solution, the CTG Risk Profile Manager (RPM), that provides organizations with more effective and efficient vendor risk assessment and management. CTG RPM scores risk for each vendor throughout the entire vendor assessment cycle and manages an organization's risk assessment workflow from initial request for information to ongoing vendor monitoring.
BRIT INSURANCE launched a new package policy designed for the needs of the U.S. higher education community, distributed exclusively through the group's U.S. service company in Chicago and underwritten on an excess basis on behalf of the company's Lloyd's Syndicate 2987. The product provides property and liability coverage including auto, educators legal liability, campus security activities and student practices liability in addition to workers' compensation and crime coverages.
International Programs from ZURICH presented Zurich Envoy, an insurance solution for multinational commercial customers. The controlled master program offers coverages including property, GL, employee benefits liability, foreign voluntary workers' comp, business travel accident, crisis event management and more.
The BROKER & REINSURANCE MARKETS ASSOCIATION (BRMA) developed a Master Trading Agreement concept that essentially provides one solution for achieving contract certainty. BRMA's Master Trading Agreement focuses on simplifying the contract process through the use of a relationship master agreement that aids in eliminating repetition of multiple clauses in each individual treaty contract. In support of the concept, BRMA released two papers that focus on defining the Master Trading Agreement, the benefits it offers and best practices for those seeking to utilize it, both available on its website.
GUY CARPENTER published "Succeeding Under Solvency II--Special Considerations for Reinsurers and Counterparty Risk," the third report in the firm's series on Solvency II preparedness developed for reinsurers and insurers operating in or covering risks in Europe. The new report is available on www.GCCapitalIdeas.com.
May 10, 2011
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