artificial intelligence

Pillar Capital Management, the Bermuda-based specialist collateralized reinsurance and insurance-linked securities (ILS) investment manager, has adopted Ultrassure, an AI contract intelligence platform for insurance and reinsurance, to support its contract review and underwriting workflows.

The global data centre build-out is creating unprecedented risk concentrations in natural disaster zones, and pushing traditional insurance capacity to its limits. Howden sees this as a prime opportunity for the capital markets, as catastrophe peak risk remains the foundations of the insurance-linked securities (ILS) asset class.

Reinsurance giant Swiss Re has highlighted how growing natural catastrophe risk remains a significant driver of reinsurance demand, as insured nat cat losses continue to follow a 5–7% annual growth rate, driven by increasing exposures, rising asset values and changing hazard patterns.

When it comes to alternative sources of reinsurance capital and insurance-linked securities (ILS) investors supporting the massive need for capacity to insure and reinsure the data centre build-out, Swiss Re executives explained in Monte Carlo that it must be effective in terms of the economics.

Following several years of strong returns and renewed inflows, the insurance-linked securities (ILS) market currently sits in a structurally healthy position, however this recent momentum must be balanced with disciplined cycle management, Florian Steiger, CEO and Founder of Icosa Investments told Artemis in an interview.

With the global economy having entered a capital expenditure (capex) super-cycle, there is a notable increase in investments being directed towards AI data centres. According to reinsurer Swiss Re, this could be a US$200 billion premium opportunity by 2030, within which alternative reinsurance capital, including catastrophe bonds and sidecars is expected to play a key […]

Broker Marsh is aiming to bring alternative sources of insurance and reinsurance capital into the digital infrastructure risk transfer sector, through the launch of a $10 billion property insurance exchange named Stratus.

The global data centre insurance market is projected to grow from currently around US $11 billion to more than $24 billion by 2030, which comes as the market continues to drive an influx of infrastructure risks and opportunities, according to Allianz Commercial, the commercial insurance business of Allianz Group.

As the insurance-linked securities (ILS) and catastrophe bond markets continue to embrace artificial intelligence (AI), the technology has the potential to help expand the market into new sectors like data centre risks, according to Ethan Powell, Principal and CIO of Brookmont Capital Management.

Speaking with Artemis, Brad Adderley, Partner at global law firm Appleby, emphasised that due to so many new sponsors venturing into the catastrophe bond space as the market continues to gain more momentum, it’s important that sponsors’ first experience in the market goes well, as he highlights that the overall process of setting up cat […]