MONTE CARLO, Monaco & BILLERICA, MA – Sept. 13, 2011 – Trillium Software(r), a business of Harte-Hanks, Inc. (NYSE:HHS), and a leading enabler of Total Data Quality solutions, announced today an agreement with AIR Worldwide, the scientific leader and most respected provider of catastrophe risk modelling software, to provide more precise geocoding through the integration of Trillium Software’s geospatial capabilities with AIR’s catastrophe modelling application. The integrated software solution is expected to help AIR Worldwide’s clients improve risk geocoding and catastrophe risk analyses for perils such as wind, flood, and…
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Despite unsteady market, insurance companies hold their ground
Insurance companies have been taking action to solidify their cash reserves since the start of the economic crisis, and have been working to decrease the number of high-risk investments within their investment portfolios, for example collateralized debt obligations. According to life insurance analyst Steven Schwartz, from Raymond James & Associates Inc., if they are not capable of borrowing money, holding companies are keeping notably more cash in order to cover their debts. In fact, they are currently holding twice to three times the amount that had been held in past…
Read MoreInstitute of International Finance warns European Union regarding upcoming changes to insurance and banking regulations
As the European Union seeks to draft new plans governing the investments made by insurance companies, the world’s largest financial institution has voice concern over the initiative. The Institute of International Finance claims that the new rules being weighed by the EU will encourage insurers to seek out riskier investments. Such practice would put the world’s financial infrastructure in a dangerous position, as the assets most often pursued by insurance companies looking to generate major profit are the ones whose failure is disastrous. The EU is looking to change regulations…
Read MoreCaptive insurance executives from all over the world travel to Vermont for major conference
The Vermont Captive Insurance Association will be hosting the world’s largest captive insurance conference this week. The event will gather together insurance executives from all over the world in Burlington, Vermont. The conference aims to expand the knowledge of the industry as well as introduce new practices, standards and prospective legislations that could affect the worldwide industry. Executives will be met with a series of seminars and will participate in forums throughout the course of the event. Vermont is home to some of the most favorable laws in terms of…
Read MoreGartner names SAS as the leader in software market size
Gartner Inc has released a report entitled “Market Trends: No Escaping BI and Analytics in Insurance in 2011”, which gave SAS the top rank in software market size. In the report, the business analytics software and services leader was shown to have a quarter of the 2010 market share, with a $138.7 million revenue. The Gartner report said that insurance companies are focused on risk management, compliance with regulations, acquisition and retention of customers, and the achievement of excellence within their operation. These goals, according to Gartner, are pushing technology…
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