The updated model incorporates the latest scientific research after the 2010–2011 Canterbury earthquake sequence, the 2016 Kaikoura earthquake, and earthquakes worldwide.
Underwriting
Noblr Launches Reciprocal, Behavior-Based Auto Insurance with Colorado Debut
Operating on a reciprocal exchange model, Noblr offers individualized rates based on driving behavior recorded on a smart phone app available for both iOS and Android.
Sompo International Adopts AIR Casualty Analytics for Multi-Line Risk Analysis
AIR is also offering portfolio data coding services to Sompo International that include unique corporate identifiers and geocodes.
KCC US Hurricane Model Version 2.0 Certified by the Florida Commission
The Karen Clark & Company model is the first new model certified by the Florida Commission on Hurricane Loss Projection Methodology since 2006.
Fractal Industries Adds Support for Oasis Loss Modelling Framework
Insurers, reinsurers, and brokers using the Fractal AIDP will be able to access select Oasis LMF catastrophe models to improve exposure management and catastrophe risk modeling.
Zywave Gains Small Group Quoting through RateFactory Acquisition
Zywave will incorporate RateFactory’s small group quoting into its product suite, including integration with the Code SixFour Digital Plan Marketing presentation software and within Zywave’s Sales Cloud.
Unicorn Underwriting Implements ClarionDoor Cloud-Based Rating and Quoting
The vendor’s cloud rating and quoting software fits the MGA’s digital strategy and enables it to improve productivity and efficiency, and streamline business processes for its program business.
Verisk Launches New Underwriting Solution for Cyber Insurance
The vendor’s new cyber underwriting report uses machine learning, stochastic modeling, and historical data to provide robust information on a variety of risks.
Sapiens Adds Kovrr to Partner Ecosystem
Sapiens partnership with the predictive cyber risk modeling firm will enable U.K. insurers to comply with PRA regulations and manage cyber risk.
iPipeline and Atidot Partner to Mine In-Force Data for Life and Annuity Sales
New InsureSight In-Force Service is designed to enable insurers to predict customer needs, lapse patterns and profitability.