Cyber solution of the year: BitSight-Kovrr
InsuranceERM's judging panel praised the joint offering of Israeli-headquartered cyber risk modelling firm Kovrr and US cybersecurity ratings company BitSight.
InsuranceERM Annual Awards 2021 - Americas
Actuarial modelling solution of the year: Willis Towers Watson
Willis Towers Watson's (WTW) ResQ platform puts significant deterministic and stochastic modelling power at the hands of users.
Alternative capital deal-maker of the year: PCS, Verisk
Before PCS launched its Japanese industry loss estimates and index in 2019 - PCS Japan - the country was always seen as difficult for industry-wide insured loss reporting.
Analytics solution of the year: Willis Towers Watson
Willis Towers Watson's (WTW) Radar Live uses machine learning models to be deployed in minutes and provides significant analytical improvements.
Catastrophe risk modelling solution of the year: RMS
Wildfire has emerged to become one of the major catastrophic perils in the US insurance market.
Chief risk officer of the year, Paul Mozak, Blue Cross Blue Shield of Michigan
Paul Mozak is not a man who likes to sit on his laurels.
Cloud technology solution of the year: Milliman
Milliman's Arius Enterprise wins the cloud technology solution for the second year running.
Climate risk initiative of the year: Conning
Conning's Climate Risk Analyzer has helped insurers to track the impact of climate scenarios on their asset portfolio.
Data solution of the year: PCS Cyber RLM, Verisk
PCS Cyber RLM wins the data solution of the year because of the way the solution has filled a gap in the insurance space regarding the use of data.
ERM end-to-end solution of the year: Moody's Analytics
Moody's Analytics tools are delivered in a way that is easy to deploy and can support broader business needs.
ESG (Economic Scenario Generator) software of the year: Moody's Analytics
Moody's Analytics active development of scenario generation solutions, and the support it has given to both new and existing clients, made it the judges' choice.
Insurance asset manager of the Year: Conning
The pandemic of 2020 was an unexpected test for the insurance industry, but it allowed Conning to show its mettle in meeting ongoing challenges.
LDTI solution of the year: Moody's Analytics
InsuranceERM's judging panel was impressed by the way Moody's Analytics has approached the challenge of developing a solution for LDTI.
Operational risk solution of the year: Incisive Software
Incisive Software provides spreadsheet risk solutions that identify, manage and reduce risk exposure in business-critical processes that use or interact with spreadsheets.
Regulatory reporting software of the year: FIS
FIS's Prophet solution is highly regarded in the insurance risk management space for providing an all-in-one system that simplifies actuarial modelling and risk management.
Risk innovation of the Year: AIR Worldwide
In April 2020, Verisk with its analytics arm, AIR Worldwide, launched its Covid-19 Projection Tool.
Risk Consultancy of the Year: Willis Towers Watson
Willis Towers Watson's (WTW) risk division has helped a number of clients this year.
Risk team of the year: Talcott Resolution
The way US life insurer Talcott Resolution's risk team navigated a multitude of perils in 2020 including Covid-19, vendor outages and massive market fluctuations.
Stress scenarios software of the year: Moody's Analytics
To help insurers during the pandemic, Moody's Analytics provided stress testing scenarios on a deterministic and stochastic basis.
Young risk professional of the year: Alex Mican, PCS, Verisk
Any one of Alex Mican's accomplishments in 2020 would have been impressive.