climate risk


Kettle Re – Using deep-learning to make climate-linked risks reinsurable

Kettle Re is launching as a reinsurance provider utilising deep-learning and artificial intelligence to create proprietary risk models and analytics that can help it more accurately and sustainably price climate-linked exposures, starting with wildfires. Every so often new start-ups come along that combine the best of the insurance technology (insurtech) wave, read the full article →

Demex adds Ventus co-founder Stuart Mercer to Advisory Board

The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has added reinsurance and ILS expertise to its Advisory Board with ex-Ventus co-founder Stuart Mercer. The Demex Group launched recently after securing $4.2 million of seed funding from leading financial read the full article →

NZ Super Fund shuns wildfire exposed ILS as mispriced due to climate

The New Zealand Superannuation Fund (NZ Super Fund) has rejected any investments into wildfire insurance and reinsurance within its insurance-linked securities (ILS) allocations, saying that because of climate change it feels the risk is mispriced. In addition, the NZ Super Fund has also said that it believes that pricing should be read the full article →

Climate risk means we’re not far off a $300bn loss year: Flandro, Hyperion X

The insurance marketplace is not that far off a $300 billion loss year and it's vital reinsurance and ILS markets price adequately for climate change risk, according to David Flandro, Managing Director of Analytics at Hyperion X. Leading a virtual panel discussion as part of the ILS Bermuda Convergence 2020 event read the full article →

Nat cat protection gap widened in 2019 including in North America

Despite the fact insurance and reinsurance markets become increasingly sophisticated in their use of technology to reach customers and provide enhanced coverage, in North America, perhaps the most advanced economy in insured terms, the natural catastrophe protection gap actually widened by over 7% in 2019. It should perhaps be considered an read the full article →

Cat bond & ILS coupons should compensate as climate increases hurricane risk: Twelve Capital

Climate change, variability and the expected increases in Atlantic hurricane risk that these factors will drive, is still likely to be compensated for in catastrophe bond and private insurance-linked securities (ILS) coupons, as pricing should rise and consequently returns, in line with the risk, according to ILS manager Twelve Capital. Twelve read the full article →

Leadenhall assists on physical climate risk disclosure guidelines

The Climate Measurement Standards Initiative (CMSI), an Australian led collaboration on the physical risks of climate change and their disclosure, has developed a set of open-source, voluntary guidelines to help banks, financial institutions and insurers better assess the risk and quantify the costs of climate-related damage. London-headquartered insurance-linked securities (ILS) and read the full article →

Climate change a systemic risk without global action: Munich Re’s Jeworrek

Global action to combat climate change is essential to avoid the exposure becoming systemic in nature, which might cause it to become less insurable, according to Munich Re's CEO of Reinsurance, Torsten Jeworrek. Speaking during a media briefing held as a virtual replacement for the Monte Carlo Rendez-Vous event, which was read the full article →

Undeniable climate change impact starting to get priced in: Hilti, Credit Suisse

Following the increased severity and frequency of wildfires, droughts and floods in recent times, the undeniable impact of climate change on water-related catastrophes is starting to get priced in and risk premiums are adjusting, according to Niklaus Hilti, Head of Credit Suisse’s Insurance-Linked Strategies division. In a recent interview, experienced insurance-linked read the full article →

Demex funded & backed by Nephila & Munich Re capacity for climate risk transfer

Nephila Capital, the world's largest ILS and reinsurance fund manager, is to provide weather risk capacity to support The Demex Group, a climate risk focused insurtech start-up, as it comes out of stealth with a mission to provide financial risk solutions to deliver greater climate resilience. The Demex Group has secured read the full article →