Catastrophe modeling firm AIR Worldwide (AIR) today announced that it is collaborating with RenaissanceRe, a global provider of reinsurance and insurance, as part of a joint effort to enhance the industry's modeling of long-tail casualty risk. AIR Worldwide is a Verisk business. As part of the collaboration, AIR is producing portfolio-specific casualty losses based on its exposure management application, Arium. Arium's scenario-based loss assessment framework enables companies to systematically measure portfolio loss potential and exposures to simulated scenarios representing both emerging risks and forward-projected historical events. AIR and RenaissanceRe will work closely to further refine the industry's first fully probabilistic model for extreme liability events.

Duck Creek Technologies has expanded its Partner Ecosystem program through a new relationship with Arity, a technology company founded by The Allstate Corporation that analyzes billions of miles of driving data and other information to generate insights and scores that help insurers better evaluate risk and revolutionize driver safety, connectivity and value. Arity's goal is to fuel new innovation that makes transportation smarter, safer and more useful for everyone.

Octo Telematics, the international provider of big data and analytics services for the insurance and automotive industries is teaming up with SAS, the software and services company, to deliver multi-dimensional analytics and real-time data services such as risk scoring. These services help insurance customers better evaluate risk, price their premiums appropriately and assess accidents accurately. With incentives to improve driving behavior, insurers can encourage safer drivers and have more relevant interactions with their policyholders.

ValueMomentum Inc., a provider of software and services to the insurance, healthcare and financial services industries, announced on Thurs., April 5, that NSM Insurance Group (NSM) has selected ValueMomentum's BizDynamics Digital Engagement Platform and the iFoundry Rating & Product Design solutions to enable the MGA to transform how they distribute, underwrite and service customers for their many unique niche specialized programs and to expand into new markets. Pet Insurance was the first program to go live, with more to follow in 2018.

To help clients address changing liability insurance needs, XL Catlin has enlisted Praedicat, an InsurTech analytics company based in Los Angeles, Calif., and its emerging risk models and software for casualty insurance. The multi-year engagement will include access to Praedicat's latency risk model and mass litigation scenarios, its software on emerging risks called CoMeta, and Oortfolio, its portfolio modeling software.

Aon National Flood Services (Aon NFS) is enhancing the claims servicing process for customers, claims professionals and independent adjusters with the implementation earlier this month of Xactware software. This software is designed to reduce the claims processing time by providing an in-depth view of each claim from start to finish and creating transparency between independent adjusters (IA), clients and customers.

California Casualty has selected Guidewire Explore™ and Guidewire Predictive Analytics™ for Claims to gain greater business insight and drive customer engagement.

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