Archive for October, 2010

A new set of indicators published by the Inter-American Development Bank (IDB) show that while some progress in disaster risk management has been made in Latin America and the Caribbean more needs to be done to reduce risks and prepare government finances to respond to natural catastrophes.

Once again the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has hit the headlines because a tropical storm has failed to trigger a payout from the disaster facility despite high levels of destruction and losses. Tropical storm Nicole caused heavy damage on Jamaica due to heavy rainfall but as it didn’t reach hurricane status Jamaica won’t […]

The Cayman Islands government has been working on a new set of laws to govern it’s insurance industry and the licensing of insurers and captives on the islands. Cayman has become the main domicile for cat bonds in recent years and plays host to many captive insurers as well. The Caymans ‘Insurance Law 2010’ will […]

Here’s a copy of a video interview with Dr. Morton Lane, President of Lane Financial LLC, from the Australian School of Business. In it Dr. Lane answers questions about cat bonds and how this juncture of the reinsurance and capital markets allows cedents to move their risk off their balance sheet to people who are […]

Now that microinsurance is becoming a more accepted form of insurance in developing nations around the world it’s good to see people acknowledging that it requires a different set of regulation to normal insurance products. By its very nature microinsurance is aimed at poorer residents of developing nations and as such regulation needs to be […]