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Blockchain based parametric weather insurance in first payouts

A blockchain based parametric weather insurance product has made its first payouts, after severe weather impacted smallholder farmers covered by the product in Sri Lanka.The parametric insurance was launched in a pilot phase a year ago, as Oxfam in Sri Lanka teamed up with insurance and reinsurance broker Aon and read the full article →

B3i’s first application supports retro as well as XoL reinsurance

The awaited launch of B3i's catastrophe excess-of-loss (XOL) reinsurance placement system built on distributed ledger technology came today and the company highlighted it can be used for retrocession as well as treaty reinsurance.As we explained earlier this month, the insurance and reinsurance industry backed initiative that became a company, B3i, read the full article →

B3i say catastrophe XOL reinsurance system to launch this month

B3i, the insurance and reinsurance industry initiative that aims to create standardised systems for transacting in reinsurance using a distributed ledger, says that its catastrophe excess-of-loss (XOL) reinsurance placement system is finally ready to be released.B3i launched as a blockchain focused consortium of industry insider companies, aiming to create a read the full article →

Oxfam, Aon & Etherisc automate parametric weather insurance on a blockchain

A collaboration between Oxfam in Sri Lanka, insurance and reinsurance broker Aon and insurtech blockchain solutions provider Etherisc has delivered a parametric weather insurance product that will make automated payouts to smallholder farmers.The trio, alongside local insurer Sanasa, have launched and begun enrolling farmers into a blockchain-based platform that will read the full article →

ChainThat takes blockchain risk exchange to Bermuda Innovation Hub

ChainThat has been approved as the first company to join The Bermuda Monetary Authority's (BMA) Innovation Hub and will house its Distributed Ledger Technology (DLT) driven risk and capital exchange there for the duration of its trial period.ChainThat, a provider of blockchain solutions for the insurance and reinsurance industry, read the full article →

ChainThat appoints Kathleen Faries as Bermuda Advisor

ChainThat, an insurance technology (insurtech) provider of distributed ledger (often called blockchain) solutions for the insurance and reinsurance industry, has appointed Kathleen Faries as a Bermuda Advisor.Faries is well-known in the Bermuda reinsurance market and insurance-linked securities (ILS) world, given her most recent roles at Tokio Millennium Re, which became read the full article →

Solidum issues $12m private catastrophe bond using ILSBlockchain

Solidum Partners, the Swiss specialist insurance and reinsurance linked investment manager, has completed a $12 million Jungfrau IC Limited 2019 private catastrophe bond issuance, which is the fourth to use the firms blockchain system.Solidum Partners became the first in the world to create and settle a securitised catastrophe reinsurance contract read the full article →

ChainThat looks to connect re/insurers and ILS via blockchain Exchange

ChainThat, a provider of blockchain solutions for the insurance and reinsurance industry, has announced the impending launch of the Bermuda Insurance Exchange, the industry’s first Distributed Ledger Technology (DLT) driven risk and capital exchange.Expected to go live in July 2019 with a production trial, the Bermuda Insurance Exchange will provide read the full article →

Solidum in first blockchain cat bond listing on an exchange

A private insurance-linked securities (ILS) or catastrophe bond issuance completed using the blockchain by Solidum Re has been listed on The International Stock Exchange (TISE), in what is a first for the market.Dom Re IC Limited, a cell of Solidum Re (Guernsey) ICC Limited, which is itself a subsidiary of read the full article →

Solidum joins The International Stock Exchange (TISE) as member to list ILS

Solidum Partners AG has signed up one of its subsidiaries as a member of Guernsey headquartered The International Stock Exchange (TISE), providing the firm with the ability to arrange and sponsor listings of insurance-linked securities on the exchange.The TISE was previously known as the Channel Islands Securities Exchange but changed read the full article →