A.M. Best's E-Fusion Podcast Examines Real-Time Claims Information With Clinton Libbey of Harvard Design and Mapping.OLDWICK, N.J. -- The latest edition of A.M. Best's E-Fusion Podcast explores how insurers are combining data about catastrophes, the weather and insurers' own coverage to produce real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. information about claims exposures, with Clinton Libbey of Harvard Design and Mapping. The new technology involves bringing together geographical data, geographic-coded underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. information and satellite images to analyze and track how a variety of catastrophes may be generating claims in areas in which insurers have coverage, Libbey said. Harvard Design and Mapping is a division of First American First American may refer to:
Potential weather claims can come from anywhere, Libbey said. "There are hotbeds. You have Tornado tornado, dark, funnel-shaped cloud containing violently rotating air that develops below a heavy cumulonimbus cloud mass and extends toward the earth. The funnel twists about, rises and falls, and where it reaches the earth causes great destruction. Alley alley an area in a cow barn identified by its particular purpose such as a loafing alley, a walking alley or feeding alley. and significant hurricane-exposed areas of the East Coast, particularly Florida, and you have earthquakes in California," Libbey said. Harvard Design and Mapping is adding information about exposures throughout the world, a service that should help reinsurers in their risk-monitoring, Libbey said. "We aim to have a global monitoring system and we're building that out on the international side now. On the U.S. side we're nationwide." Libbey and Harvard Design and Mapping are participating in A.M. Best's E-Fusion Conference, set for Oct. 23-24, at the Fairmont Copley Plaza The Fairmont Copley Plaza hotel (or Copley Plaza as it is colloquially known) is a four-star hotel in downtown Boston, Massachusetts. It was built in 1912 on St. James Avenue and defines the south side of Copley Square. The Copley Plaza Hotel opened in 1912. Hotel in Boston. A.M. Best's E-Fusion Conference focuses on developments in insurance technology, insurance issues and operations. Part of the conference involves finalists making presentations for the E-Fusion Awards. The awards, which are independently judged, seek to recognize innovative uses of insurance technology. In conjunction with the conference, A.M. Best Co. has launched a new podcast series focused on insurance technology and the E-Fusion Conference. The audio series covers technology developments, conference details and the E-Fusion Awards. Each episode includes an interview with a technology leader associated with the E-Fusion Conference. Links to listen to and subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; the E-Fusion Podcast are available at: http://feeds.feedburner.com/e-fusion2006. iTunes users can subscribe at: http://phobos.apple.com/WebObjects/MZStore.woa/wa/ viewPodcast?id=165758578. (Due to its length, this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) Conference information is available at www.efusion2006.com. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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