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Alternative capital “an innovative force within insurance” – Aon

While alternative capital has tested the marketplace, fundamentally changing the risk transfer business and been said to have disrupted the risk-to-capital value-chain in recent times, Aon says it's important to remember that it's provided an innovative force within insurance.According to Aon Securities, a subsidiary of Aon, alternative reinsurance capital now read the full article →

Sompo Japan trials blockchain for catastrophe & weather derivatives

Japanese and global property & casualty insurance group Sompo Japan Nipponkoa Holdings Inc., is the latest to embrace use of blockchain technology for risk transfer as it trials the technology for catastrophe and weather linked derivative transactions.Blockchain, the distributed ledger technology which was originally developed for cryptocurrency bitcoin but has read the full article →

Blockchain tech could improve efficiency of risk capital: BDA

The adoption of distributed ledger technology such as the blockchain could improve the efficiency of risk capital, in insurance, reinsurance and ILS markets, by reducing frictional costs, Bermuda Business Development Agency (BDA) CEO Ross Webber said."DLT is a disruptive technology that could ultimately improve the efficiency of capital by lowering read the full article →

On accelerating the transport of risk to capital (ILS + Insurtech)

The reinsurance and broader risk transfer market is increasingly becoming a process  of matching risk to the right capital in the most efficient manner possible, with industry trends pointing to a need to accelerate the transport of risk to capital.Combining ILS structures with Insurtech promises to enhance and accelerate this read the full article →

Blockchain is “made for reinsurance”, a $10 billion opportunity: PwC

Blockchain, or distributed ledger technology, was “made for reinsurance,” according to PwC, and could represent a cost saving opportunity of up to $10 billion as companies look to increase efficiency and understand what the development of insurtech means for their business.With technology poised to disrupt and evolve industries across the world, read the full article →

Blockchain catastrophe swap platform ready, shows insurtech potential

A catastrophe swap software platform based on the blockchain is ready for use, according to the developer of the technology which featured in the pilot catastrophe swap undertaken between Allianz and Nephila Capital recently, Symbiont.Symbiont has developed a “smart contracts platform for institutional uses of blockchain technology” one of the read the full article →

Samir Shah to lead insurtech risk securitisation start-up Ledger Investing

Samir Shah, the ex-Head of Insurance Capital Markets at AIG, has joined Ledger Investing as Chairman and CEO. The Silicon Valley backed insurtech start-up is focused on creating a business-to-business marketplace for the securitisation of insurance risk, a vision Shah has helped to crystalise.Ledger Investing has been targeting the world read the full article →

How Blockchain Could Really Change the Insurance Industry

Is blockchain a solution in search of a problem? For the insurance industry, there’s been plenty of chatter about distributed ledger technology and smart contracts, but take-up has been thin.The recent catastrophe swap that Allianz Risk Transfer (ART) completed marks an important development in the adoption of blockchain, and it read the full article →

Blockchain cat bond could add additional profit: Allianz CFO

Insurance technology, or insurtech, initiatives are being discussed at the highest levels of the world's largest insurance and reinsurance firms, as they attempt to get to grips with what the disruptive efficiency of technology will mean for their businesses.Even the CFO of the world's largest insurance firm Allianz, Dr. Dieter read the full article →

Reinsurance, ART, ILS, insurtech to help mutual insurers: Swiss Re

Customised or tailored reinsurance arrangements, alternative risk transfer (ART) solutions and insurance-linked securities (ILS), alongside insurance technology developments (insurtech) are all seen as key to help mutual insurance firms grow their businesses and compete.As insurance businesses seek to grow, expand their capital and capacity base, access new regions or customers, read the full article →