Five property and casualty insurers—Ace, AIG, Fireman'sFund, Hiscox UK and PURE—will providediscounts to policyholders who manage their tangible wealth in aTrv.

Trv creates applications that help people collect theinformation about their belongings, storing the data in a personalTrv, defined as a private, cloud-hosted online digital locker wherethe information is organized, valued, securely accessible andselectively sharable.

Trv says its technology and processes "provide transparency intothe value of insured items, enabling insurers to reduce risk andbetter protect clients' possessions through just-right insurancepolicies." 

"The bottom line for Ace and its clients is with moreinformation about their valuables, clients can make betterdecisions about how to insure them," says Bob Courtemanche,chairman, Ace Private Risk Services.

Jerry Hourihan, executive vice president and chief marketingofficer, AIG Personal Lines, says, "Instead of storing thisinformation on spreadsheets, hard drives, or in file cabinets –data about tangible assets will live in Trv's private onlinedigital locker, where clients will be able to manage new purchasesand monitor changes in value of their tangible assets."

"Trv provides Fireman's Fund's Prestige Collectionspolicyholders with a way to easily collect, manage, and track thechanging values of their possessions," says Michelle Impey, FineArt director at Fireman's Fund Insurance Company.

Martin Hartley, executive vice president and chief operatingofficer with PURE, notes, "Members who use Trv benefit from havinga digital catalogue of their tangible wealth, which makes theclaims process easier and more seamless in the event of aloss."

Justin Gott, head of Art and Private Client at global specialistinsurer Hiscox, explains, "The Trv process enables our UK retailcustomers to keep an accurate and hassle-free inventory of theirpossessions, and that helps us to ensure their specific insuranceneeds are met and that any claims they make can be settledquickly."

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Global reinsurer TransRe has selectedMetricStream's federated information architecturefor its risk and compliance management needs. MetricStream'sfederated information architecture enables multiple reportingfacilities, and links to existing enterprise, bringing together allrisk management and compliance activities into a commonenterprise-wide framework.

Julian Spence, TransRe's chief risk officer, says, "As amulti-billion dollar business operating from 24 offices around theworld, we need a risk and compliance platform that combinesflexibility, ease of use with an intuitive, automated reportingcapability. MetricStream's federated information architecture iswell suited to our needs."

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Greece's oldest insurer, Generali Hellas, isimplementing SAS Visual Analytics to improvecustomer service. With SAS Visual Analytics, everyday users can useanalytics to explore data via point-and-click. While intended forany size data environment, SAS says its in-memory foundation makesit especially useful for big data visualization.

"SAS Visual Analytics analyzes massive volumes of data inminimal time, which we previously could not do," says DionissisMoschonas, Generali's assistant IT manager. "It provides ourexecutives direct access to significant data volume so they caneffortlessly analyze big data without IT assistance."