Products (Dec. 6, 2011)
CoreLogic, a provider of information, analytics and business services, announced the introduction of a new risk assessment tool designed to help property and casualty insurers make more informed, accurate and timely underwriting decisions with the convenience of a desktop solution. The Xiance Desktop for insurers will provide property-level data and analytics in an easy to use interface, allowing users to access the most precise hazard risk and premium tax data available in order to improve risk assessment and underwriting decisions.
Torus, the global specialty insurer, announced the implementation of its new claims-management system, Guidewire ClaimCenter. Torus has implemented ClaimCenter as its one global claims management system to support its entire product suite, standardising claims handling processes to deliver enhanced claims efficiency and improved speed and accuracy of claims payments for Torus customers worldwide.
A new loss prevention service from the Chubb Group of Insurance Companies is helping collector car customers better safeguard their investments. To help identify potential hazards at collector car storage facilities, Chubb's loss prevention specialists are using infrared thermography to scan walls for thermal anomalies that could indicate overheated electrical wiring, leaking water pipes or structural deficiencies. The specialists also inspect mechanical and plumbing systems and fire- and burglar-alarm systems, as well as provide local catastrophe assessments and suggestions to help minimize losses from earthquake, wildfire, flood and hurricane in areas prone to those exposures.
Independence Blue Cross announced the launch of the new and enhanced Blue Solutions healthcare plans designed specifically for small and mid-sized businesses that employ between two and 99 people. Small businesses with two to 50 employees now have access to enhanced, more flexible Blue Solutions plans, while businesses with 51 to 99 employees can choose among the new Blue Solutions Plus portfolio.
Allied World Bermuda has launched a new primary employment practices liability product for companies needing a comprehensive coverage package. The product, 32°/64°, offers flexible retention options and built-in punitive and exemplary damages coverage, thereby removing the need to purchase a separate puni-wrap policy.
Ironshore Australia has announced the establishment of its merger & acquisition suite of products. Ironshore Australia's M&A insurance products include Buyer, Seller, Tax and Environmental warranties coverage. Ironshore Australia is structured to leverage Ironshore's global expertise, and will provide M&A coverage throughout the Asia Pacific region.These products are in response to increased market demand for unique M&A solutions in this dynamic part of the world.
December 6, 2011
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