Enhance Pricing and Predictive Models with Historical Exposure Data

Frequency analytics falter when market context is unavailable. How can you enhance your current approach to frequency modeling? How can you better identify new product and available market opportunities?

On September 19, 2017 at 11am EDT, join Advisen’s Jim Blinn, EVP Client Solutions, and a panel of experts to discuss how vast quantities of historical exposure data can radically re-shape conventional approaches to frequency modeling.

This discussion will reveal how analysts are upgrading loss frequency models and the ways in which enhanced exposure data has led to more refined models. We will also showcase ExposureVue, which provides structured time series company, industry, and financial data.

For more info and registration of this webinar, visit https://www.advisenltd.com/2017/09/19/historical-pricing-predictive-models-enhance-pricing-predictive-models-webinar/

Advisen Ltd. September 2017. Enhance Pricing and Predictive Models with Historical Exposure Data [Webinar].

New Technology, New Risks: Cyber Concerns for Industrial Control Systems

July 2017

Advisen and FM Global are proud to release a white paper that looks into attacks against industrial control systems (ICS) and points out that vulnerabilities are real and growing. The 10-page paper also highlights that as the industrial automation continues —  with internet of things (IoT) devices growing massively over the years, the vulnerabilities will only increase.

Read more at https://www.advisenltd.com/2017/07/26/new-technology-new-risks-cyber-concerns-industrial-control-systems/

This story is an excerpt of the original. The content originally appeared in Advisen Media White Papers.

FM Global | Advisen Ltd. July 2016. New Technology, New Risks: Cyber Concerns for Industrial Control Systems [White Paper].

New York Cyber Week

October 23 – 27, 2017 is New York Cyber Week – surrounding our annual cyber insurance conference in NY. Advisen, along with our partners, will be hosting events for the cyber community all around the city. If you care about cyber risk and its implications on the insurance industry, you need to be in NY for Cyber Week!

Mark your calendar and check back for more information regarding specific happenings and how to sign up.

For more info and registration about this upcoming event, visit the link below:

https://www.advisenltd.com/media/2017-ny-cyber-week/

2017 Cyber Risk Insights Conference - New York

The WORLD'S LARGEST Cyber Risk event for P&C Professionals in a one-day program that has become a flagship event on the cyber calendar. We expect more than 1,000 people to register to hear from over 75 speakers who are top experts in the cyber insurance space. This hallmark event not only offers a full day of learning, networking and business at the conference, but a range of dinners, workshops and social gatherings in the surrounding days as the elite of the global cyber market descends on New York. Our multi-track conference will feature the hottest topics including cyber risk management, developing issues in the cyber insurance space and insight into the ‘Dark Side’ of the web - with a focus on the people behind the latest cyber incidents.

For more info and registration about this upcoming event, visit the link below:

https://www.advisenltd.com/2017/10/26/cyber-risk-insights-conference-new-york/

Use Loss Data to Have Winning Renewals

How can you use loss data to prepare for and augment your renewals? Loss data helps you justify your coverage recommendations and helps determine appropriate limits. How do you gather relevant loss data to reinforce your renewal proposals?

Join us on Thursday, September 14th at 11 AM EDT as Advisen shows you how to differentiate yourselves from your competitors by utilizing our large loss database to the fullest.

For more info and registration of this webinar, visit https://www.advisenltd.com/2017/07/06/use-loss-data-winning-renewals/

Advisen Ltd. September 2017. Use Loss Data to Have Winning Renewals [Webinar].

5 Myths About Patent Risk Debunked

July 2017

Patent litigation is a real threat for almost any company, with potentially devastating consequences. In fact, almost 20,000 companies have been sued for patent infringement in 2010.

5 Myths About Patent Risk Debunked, an infographic from Advisen and RPX, sheds light on some misconceptions about patent risk and patent litigation insurance.

Click here to download the full infographic: https://www.advisenltd.com/2017/07/11/5-myths-patent-risk-debunked/

RPX Corporation. | Advisen Ltd. July 2017. 5 Myths About Patent Risk Debunked [Infographic].

Interview with XL Catlin’s John Coletti: Shining a Light on Cyber

Recently selected as the US Industry Person of the Year by his peers at the 2017 Advisen Cyber Risk Awards, XL Catlin’s John Coletti is in an excellent position to observe the industry’s growth and success.

In a recent interview with Advisen, the chief underwriting officer for cyber and technology praised the achievements made by the cyber insurance industry and noted a few places where the market can do better.

Read more at https://www.advisenltd.com/2017/07/10/interview-xl-catlins-john-coletti-shining-light-cyber/

Erin Ayers, Interview with XL Catlin’s John Coletti: Shining a light on cyber (July 10, 2017), available with subscription at Advisen Cyber Front Page News.

AXIS to Buy Novae Group in $604M Deal

AXIS Capital announced that it will buy Novae Group plc in a $604 million deal that AXIS said would expand its scope and create one of the top-10 largest insurers in the London specialty market.

“A key component of our growth strategy is to have leadership positions, relevance and scale in each of the specialty risk markets where we choose to compete,” said Albert Benchimol, president and CEO of AXIS Capital in a statement.

Read more at https://www.advisenltd.com/2017/07/07/Axis-to-buy-Novae-604-million

Erin Ayers, AXIS to buy Novae Group in $604M deal (July 7, 2017), available with subscription at Advisen Professional Front Page News.

AIG Adds Marsh’s Zaffino as Global COO; Former AIG Exec Doyle Named CEO of Marsh

Former Marsh CEO Peter Zaffino has been named global chief operating officer at insurer American International Group (AIG) and John Doyle, formerly CEO of AIG’s commercial insurance unit, was named by Marsh & McLennan Cos. as CEO of Marsh.

Zaffino will lead day-to-day business of all country operations, including US commercial field operations and AIG’s multinational organizations, as well as global business services, administration and communications, AIG said in a statement. He is reunited with Brian Duperreault, AIG’s president and CEO. Duperreault was president and CEO of Marsh & McLennan from 2008 to 2012.

Read more at https://www.advisenltd.com/2017/07/07/AIG-adds-Zaffino-COO-Doyle-CEO-Marsh

Chad Hemenway, AIG adds Marsh’s Zaffino as global COO; former AIG exec Doyle named CEO of Marsh (July 7, 2017), available with subscription at Advisen Professional Front Page News.

Anthem’s $115M Settlement Likely to Inspire Future Breach Litigation

The announcement of a $115 million settlement by Anthem Inc. over the health insurer’s massive January 2015 data breach suggests that class-action litigation over breaches will likely continue despite failures and relatively low settlements in other cases.

The $115 million agreement, if approved by the court, would be a record settlement and involves no admission of wrongdoing by Anthem, which commented in a statement, “We are pleased to be putting this litigation behind us, and to be providing additional substantial benefits to individuals whose data was or may have been involved in the cyberattack and who will now be members of the settlement class.”

Read more at https://www.advisenltd.com/2017/06/29/Anthem-cyber-settlement-litigation

Advisen Ltd., Anthem’s $115M settlement likely to inspire future breach litigation (June 29, 2017), available with subscription at Advisen Cyber Front Page News.

Ransomware Attack Affects Computers Worldwide

Computer networks across the globe again fell victim to a strain of ransomware on June 27, taking numerous organizations and infrastructure offline, with Ukrainian government agencies and private firms especially hard hit.

Much as the WannaCry ransomware briefly paralyzed businesses in May, this next wave of attacks locked up computers at Merck Pharmaceuticals; Maersk, a Danish shipping firm; DLA Piper, a global law firm; Rosneft, a Russian energy company; Kiev’s airport, numerous Russian and Ukrainian banks, and even the radiation monitoring systems at Chernobyl. The nuclear plant announced in a statement that monitoring systems are temporarily being run manually. The attack hit computers in Russia, Europe, the UK, and the US, and continues to unfold.

Read more at https://www.advisenltd.com/2017/06/28/ransomware-attack-affects-computers-worldwide/

Erin Ayers, Ransomware attack affects computers worldwide (June 28, 2017), available with subscription at Advisen Cyber Front Page News.