The updated model incorporates the latest scientific research after the 2010–2011 Canterbury earthquake sequence, the 2016 Kaikoura earthquake, and earthquakes worldwide.
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.
AIR is also offering portfolio data coding services to Sompo International that include unique corporate identifiers and geocodes.
The Karen Clark & Company model is the first new model certified by the Florida Commission on Hurricane Loss Projection Methodology since 2006.
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 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.
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.
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 partnership with the predictive cyber risk modeling firm will enable U.K. insurers to comply with PRA regulations and manage cyber risk.
New InsureSight In-Force Service is designed to enable insurers to predict customer needs, lapse patterns and profitability.