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Cyber solution of the year: BitSight-Kovrr
InsuranceERM's judging panel praised the joint offering of Israeli-headquartered cyber risk modelling firm Kovrr and US cybersecurity ratings company BitSight.
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Actuarial modelling solution of the year: Willis Towers Watson
Willis Towers Watson's (WTW) ResQ platform puts significant deterministic and stochastic modelling power at the hands of users.
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Alternative capital deal-maker of the year: PCS, Verisk
Before PCS launched its Japanese industry loss estimates and index in 2019 - PCS Japan - the country was always seen as difficult for industry-wide insured loss reporting.
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Analytics solution of the year: Willis Towers Watson
Willis Towers Watson's (WTW) Radar Live uses machine learning models to be deployed in minutes and provides significant analytical improvements.
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Catastrophe risk modelling solution of the year: RMS
Wildfire has emerged to become one of the major catastrophic perils in the US insurance market.
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Chief risk officer of the year, Paul Mozak, Blue Cross Blue Shield of Michigan
Paul Mozak is not a man who likes to sit on his laurels.
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Cloud technology solution of the year: Milliman
Milliman's Arius Enterprise wins the cloud technology solution for the second year running.
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Climate risk initiative of the year: Conning
Conning's Climate Risk Analyzer has helped insurers to track the impact of climate scenarios on their asset portfolio.
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Data solution of the year: PCS Cyber RLM, Verisk
PCS Cyber RLM wins the data solution of the year because of the way the solution has filled a gap in the insurance space regarding the use of data.
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ERM end-to-end solution of the year: Moody's Analytics
Moody's Analytics tools are delivered in a way that is easy to deploy and can support broader business needs.
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ESG (Economic Scenario Generator) software of the year: Moody's Analytics
Moody's Analytics active development of scenario generation solutions, and the support it has given to both new and existing clients, made it the judges' choice.
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Insurance asset manager of the Year: Conning
The pandemic of 2020 was an unexpected test for the insurance industry, but it allowed Conning to show its mettle in meeting ongoing challenges.
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LDTI solution of the year: Moody's Analytics
InsuranceERM's judging panel was impressed by the way Moody's Analytics has approached the challenge of developing a solution for LDTI.
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Operational risk solution of the year: Incisive Software
Incisive Software provides spreadsheet risk solutions that identify, manage and reduce risk exposure in business-critical processes that use or interact with spreadsheets.
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Regulatory reporting software of the year: FIS
FIS's Prophet solution is highly regarded in the insurance risk management space for providing an all-in-one system that simplifies actuarial modelling and risk management.
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Risk innovation of the Year: AIR Worldwide
In April 2020, Verisk with its analytics arm, AIR Worldwide, launched its Covid-19 Projection Tool.
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Risk Consultancy of the Year: Willis Towers Watson
Willis Towers Watson's (WTW) risk division has helped a number of clients this year.
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Risk team of the year: Talcott Resolution
The way US life insurer Talcott Resolution's risk team navigated a multitude of perils in 2020 including Covid-19, vendor outages and massive market fluctuations.
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Stress scenarios software of the year: Moody's Analytics
To help insurers during the pandemic, Moody's Analytics provided stress testing scenarios on a deterministic and stochastic basis.
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Young risk professional of the year: Alex Mican, PCS, Verisk
Any one of Alex Mican's accomplishments in 2020 would have been impressive.