Archive for August, 2010

ICICI Lombard, the Indian insurer who have championed weather risk protection on a microinsurance basis, are launching yet another pilot scheme aimed to help rural farmers.

Guy Carpenter have issued their second quarter of 2010 catastrophe bond market report. They cite the eight cat bond transactions and $2.05b of risk capital issued as the second most active quarter on record. Seven of these transactions involved U.S. hurricane risks and $1.7b of the risk capital issued was for U.S. wind which to […]

The world of risk modelling moves quickly, particularly due to advancements in computer technology. As more computer resources can be harnessed and made available to run risk models on the granularity and accuracy of resulting reports grows and the data returned to insurers and reinsurers becomes more reliable.

A report released by consulting firm Hymans Robertson suggests that pension fund longevity risk transfer is growing fast and within the next two years will become a norm for large companies looking to derisk their pension fund strategy. To date, £6.3b of pension risk transfer deals have been struck in 2010 and given the current […]

A group of academic who have been working with the United Nations University Institute for Environment and Human Security (UNU-EHS) and the Munich Climate Insurance Initiative (MCII) have called for diplomats attending the upcoming Bonn and Mexico climate talks and summit to take insurance into account.

You’d be forgiven for thinking that the Atlantic tropical storm and hurricane season is looking like a benign one this year. So far we’ve had three named storms, one of which reached hurricane strength. We’re now two months into the season and the tropics aren’t yet looking particularly active.

The Deepwater Horizon Gulf oil spill disaster will not be a watershed event for the P&C insurance industry according to Towers Watson. It could however create a market environment where tightening of insurance prices and terms within the energy risk sector becomes a possibility. The estimated market loss is currently $4b – $6b.

Longevity risk and the assumptions surrounding the age that pensioners will live to are big news today. The market in longevity risk transfer is growing rapidly this year with some very large deals taking place and new entrants beginning to show an interest in hedging their pension longevity exposure.

We’ve just launched our 2010 Atlantic tropical storm & hurricane season information page! Every year Artemis provides its readers with a page dedicated to Atlantic storms which can help you to keep up to date with all the latest happenings in the Atlantic basin and Gulf of Mexico as storms develop. This page features tracking […]

Terrorism is a notoriously difficult risk to cover. A U.S. federal terrorism backstop has been in place since 2002 to help the private insurance market provide cover for terrorism risks as they could not provide cover at levels or prices which were viable on their own.