Archive for October, 2010

Update: For our latest on Hurricane Tomas please view this post. The 2010 Atlantic hurricane season is proving to be one of the most unpredictable on record. Tropical storm Tomas formed yesterday, very far south for the time of year. It is extremely unusual to have such a large storm so far south this late […]

Progress is being made by the International Association of Insurance Supervisors (IAIS) and the MicroInsurance Network (MIN) in an ongoing discussion looking at how best to regulate organisations involved in the distribution and provision of microinsurance and microfinance initiatives.

Allianz has really nailed its colours to the mast with regards to microinsurance and are thoroughly embracing the potential for it to turn into a huge market. It’s certainly true that those who venture into the microinsurance marketplaces first stand a very good chance of securing a good sized chunk of the business.

2010 has certainly been a year of dramatic weather extremes and unusual climate phenomenon. The shifting jet stream has been blamed for the flooding in Pakistan, the heatwave and fires in Russia and also this weeks major storm which traversed the U.S. Temperature records have been broken around the globe and now some areas are […]

Risk Management Solutions (RMS) has provided some details on the risk analysis undertaken for the recent Vita Capital IV Ltd. mortality catastrophe bond issued by Swiss Re. The press release from RMS follows below.

The growth of renewable energies and their increasing usage in power generation is going to create opportunities for the insurance and reinsurance industry. Munich Re said in a press release the other day that they expect ‘renewable energies to generate strong growth in premium volume’.

Press release from Conning Research: –Conning 2009 estimate: $8 billion of life insurance face values settled –Estimated cumulative in-force amount still grew 16%

Weather patterns are strange beasts and this year has seen particularly unusual weather conditions across the globe. The latest evidence of unseasonal weather occurred in the U.S. Midwest over the last few days as a large, tornadic storm moved its way north.

This isn’t typically on topic for Artemis however Solvency II is a big issue for the market and being prepared and compliant with the new regulations is going to be on a lot of Artemis’ visitors minds.

Swiss Re have announced completion of their latest issuance under the Vita Capital mortality catastrophe bond scheme. The latest two series of notes have been issued under Vita Capital IV Ltd. and enables Swiss Re to transfer $175m of extreme mortality risk to the capital markets.