Technocracy

XL Group Launches New Online Platform ‘Fast Fast Forward’ for Risks

XL Group announced the launch of “Fast Fast Forward,” which it described as a “new online platform for commentary, news and tools to advance discussion of risk and business challenges. Fast Fast Forward’s inaugural launch dives into two integral topics: …

Re/insurance Industry Social Media ‘MySlipcase’ Marks 9 Months

MySlipcase, a social media platform developed specifically for the global insurance and reinsurance industry, reported high growth in the nine months since it was launched. The company said its website now has 342 insurance and reinsurance member organizations in 38 …

Industry Faces Cyber Risks in Shift from Tangible to Intangible Property

If Mike McGavick is right, the business world will soon be carrying the equivalent of a massive data base in a cell phone. Technology has moved so rapidly that not only the insurance industry, but also business in general, is …

Re/insurers Increasingly Less Relevant to Global Economy: XL CEO McGavick

XL’s CEO Mike McGavick doesn’t mince words when it comes to looking at the big, and not very pretty, picture of the state of the re/insurance industry. Address emerging risks, innovate, create new products and provide potential insurance buyers with …

Cyber Surveillance Virus from Mideast Can Spy on Bank Transactions

A new cyber surveillance virus has been found in the Middle East that can spy on banking transactions and steal login information for social networking sites, email and instant messaging, according to a leading computer security firm, Kaspersky Lab. Dubbed …

EU Agency ENISA Calls for ‘Kick-start’ in Cyber Insurance Market

Europe’s citizens and businesses could benefit from better protection for their computer systems and data if the cyber insurance market can be kick-started, according to a recently released report from the European Network and Information Security Agency (ENISA). The report …

Court Bans Microsoft’s Xbox 360, Windows 7 from German Market

A court in Mannheim, Germany ruled on Wednesday that Microsoft infringed Motorola Mobility’s patents and ordered Microsoft to remove its Xbox 360 gaming consoles and Windows 7 operating system software from the German market. Judge Holger Kircher said Microsoft breached …

Celent Survey Forecasts Insurers to Spend $140.6 Billion on Technology in 2012

Global information technology spending by insurance companies is expected to reach $140.6 billion in 2012, an increase of 6.3 percent over 2011, according to a new report from Celent, part of the Oliver Wyman (MMC) group. The figure is substantially …

Endorsements for All Business Classes in London Go Electronic Says LMG

The London Market Group (LMG) announced that the electronic endorsements initiative will extend to all classes of business as of today, the 5th of March. The extension of the services pilot program to all classes comes less than a year …

Lloyd’s Highlights Retailers Need for Cyber Fraud Coverage

An article on the Lloyd’s of London web site notes that while millions of people have been out an about shopping this holiday season, “an increasing number are choosing to shop from the comfort of their homes – and offices …

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