Insurtech, Insurance Technology in reinsurance and insurance-linked securities (ILS)

Insurance technology, now known more widely as Insurtech, has the potential to bring significant efficiency & disruption to reinsurance, ILS & risk transfer markets.

Insurtech a hot trend with everyone from traditional reinsurance incumbents, as they seek to improve efficiency and stay ahead of the game, to brokers who are seeking to avoid disintermediation, to insurance-linked securities (ILS) players who see it as a way to enhance the efficiency of their capital even further.

The potential for Insurtech and Fintech initiatives to bring efficient capital, such as ILS capital and alternative reinsurance capital from third-party investors, more directly into contact with risk is huge. The opportunities to use technology to shorten and optimise the chain from original risk, to insurance, to reinsurance, to retrocession (or final capital source), will create winners and losers in the market, making this a trend to watch closely.

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Berkshire Hathaway targets the small business insurance value-chain

Warren Buffett's conglomerate re/insurer Berkshire Hathaway wants to own the entire small commercial or business insurance value-chain with its latest initiative, putting technology to work alongside its enormous appetite for risk.Berkshire Hathaway announced the launch of THREE this week (as our sister publication Reinsurance News covered here), an insurer promising read the full article →

Descartes Underwriting launched as parametric, data-driven MGA

Descartes Underwriting has been launched as a start-up insurance technology (insurtech) managing general agency (MGA) with a focus on parametric and data-driven risk transfer products and an ambition to utilise the ILS market as a source of capacity.Launching Descartes Underwriting is Chief Executive Officer (CEO) Tanguy Touffut, who was previously read the full article →

Start-up targets ILS users for new catastrophe underwriting & pricing platform

A technology start-up is targeting the insurance-linked securities (ILS) market as potential users for its newly developed catastrophe reinsurance underwriting and pricing platform.The software solution called Foundation has been developed by Bermudian reinsurance technology specialists Treefrog alongside Foundation Platform Technologies and the pair believe the web-based underwriting, pricing and portfolio read the full article →

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 →

Insurtech AkinovA gets investment from Hiscox & MS&AD

Digital risk trading insurtech start-up Akinova has secured an investment boost from reinsurance firm Hiscox Re and the venture arm of Japanese insurance holding company MS&AD.Akinova promises a digital platform for transfer and trading insurance and reinsurance risks and is looking to launch with an industry-loss warranty (ILW) type of read the full article →

Tremor enables transfer of risk to those best able to bear it efficiently: CEO Bourgeois

Following the successful completion of the first fully programmatic reinsurance transaction, Artemis spoke with the Chief Executive Officer (CEO) of InsurTech start-up Tremor Technologies, Inc., Sean Bourgeois, about the placement, as well as the involvement of the insurance-linked securities (ILS) space.Tremor, the creator of an open, technology-driven, programmatic marketplace for read the full article →

Tremor completes first property catastrophe reinsurance auction

Insurance technology (InsurTech) start-up Tremor Technologies, Inc. has successfully completed the first fully programmatic placement of a property catastrophe reinsurance program for a top-20 U.S. property and casualty insurer.Tremor has created an open, technology-driven, programmatic marketplace for reinsurance risk placement and this first auction saw a property catastrophe reinsurance program read the full article →