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Ledger closes non-standard auto insurance securitization with AlphaCat

Insurance technology (insurtech) and insurance-linked securities (ILS) start-up Ledger Investing has successfully completed its first transaction, directly securitizing a portfolio of non-standard passenger auto insurance between an MGA and the AIG-owned ILS fund manager AlphaCat.The transaction is a step away from the more typical property catastrophe risk exposures that are read the full article →

Reinsurance blockchain prototype launched by B3i

At the Monte Carlo Reinsurance Rendez-vous event a working prototype of a blockchain powered reinsurance transaction platform was launched by the group of fifteen global insurers and reinsurers that make up the B3i (Blockchain Insurance Industry Initiative).The distributed ledger system built on a blockchain technology was demoed to an audience read the full article →

Alternative capital “an innovative force within insurance” – Aon

While alternative capital has tested the marketplace, fundamentally changing the risk transfer business and been said to have disrupted the risk-to-capital value-chain in recent times, Aon says it's important to remember that it's provided an innovative force within insurance.According to Aon Securities, a subsidiary of Aon, alternative reinsurance capital now read the full article →

Sompo Japan trials blockchain for catastrophe & weather derivatives

Japanese and global property & casualty insurance group Sompo Japan Nipponkoa Holdings Inc., is the latest to embrace use of blockchain technology for risk transfer as it trials the technology for catastrophe and weather linked derivative transactions.Blockchain, the distributed ledger technology which was originally developed for cryptocurrency bitcoin but has read the full article →

Blockchain tech could improve efficiency of risk capital: BDA

The adoption of distributed ledger technology such as the blockchain could improve the efficiency of risk capital, in insurance, reinsurance and ILS markets, by reducing frictional costs, Bermuda Business Development Agency (BDA) CEO Ross Webber said."DLT is a disruptive technology that could ultimately improve the efficiency of capital by lowering read the full article →