Software/IT Systems/solutions, Data, Modelling
Enterprise Risk Management Technology Guide 2017-18
InsuranceERM's exhaustive guide to the range of solutions for risk, capital and asset management, including modelling software, data, governance and reporting tools, and solutions for Solvency II, IFRS 17, PBR and GDPR compliance. The guide (left column) is based on information provided by vendors in response to a detailed questionnaire. The vendors' corporate statements (right column) explain more about their software and its context for insurers.
Guide entries
ADDACTIS Worldwide
AIR Worldwide
Analyze Re
Aquantec
Arkk Solutions
Asseco
Barnett Waddingham
BearingPoint
CIMCON Software
ClusterSeven
Compliant Risk Technology
CoreFiling
DataTracks
Detech Decision Technologies
DYNACSYS
Dynamo Analytics
Effisoft
FactSet
Financial Canvas
Finsbury Solutions
FIS
Guy Carpenter
HUB85
IBM Risk Analytics
Insureware
Legerity
Longevitas
Magique Galileo Software
MBE International
Milliman
ModelIT
Moody's Analytics
Numerix
Oasis Loss Modelling Framework
Praedicat
Prytania Solutions
QRM
RNA Analytics
Willis Towers Watson
Wolters Kluwer Financial Services
zeb
Corporate statements
News
PRA to switch all Solvency II reporting to XBRL
Also consulting on changes to internal model reporting
Admin costs for "greenfield" insurers half that of incumbents
Digital technologies and monoline focus help insurtechs win cost battle
Risk managers "not keeping pace" with technology advances
New research calls for risk managers to examine how risk profiles are changing with the advent of technology
Actuarial and recruitment consultancies join forces for Italian endeavour
Milan base for the new business
Prepare for termination of US terrorism backstop, AM Best warns
Insurers advised against overreliance on terrorism risk insurance business
Cyber incident could increase insurers' loss ratios by 250%, association says
OECD seeks the right balance between innovation and regulation
Moody's Analytics launches IFRS 17 tool
AIR Worldwide working with RenRe on liability cat modelling
XL Catlin licenses Praedicat's casualty catastrophe models
Life insurtech Atidot raises $5m
Lloyd's major model change application focused on new modelling platform
Analysis
Model risk management - why should we care?
There are clear benefits to insurers from taking a holistic approach to managing model risk, says Phil Whittingham
The future of terrorism risk insurance pools
Paul Walsh investigates how the terrorism pools are maintaining their relevance in the face of cyber threats and the changing nature of terrorist attacks
Finalists announced for InsuranceERM Awards
See which companies, teams and individuals have made the shortlist for this year’s awards for risk and capital management
IFRS 17 throws down technology challenge to insurers
There is no single technology vendor offering a solution to the recently announced accounting standard, IFRS 17, and several parts will have to be custom built, according to PwC’s Richard Hart. He caught up with Christopher Cundy to talk about about the opportunities these challenges present and the strategies the industry is taking
Swiss Re's Dan Ryan: UK moratorium on genetic testing will have to change
Dan Ryan, head of research at the Swiss Re Institute, talks to Cintia Cheong about the rise of genetic testing, life insurtech, and why insurers and academics need to work together to understand mortality trends
Combining humans and robotics in underwriting
Brijesh Chandra explains how robotic process automation can raise the efficiency of underwriting operations and improve analytics – as well as highlighting aspects where the “human touch” is irreplaceable
