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Tremor launches weekly industry loss warranty (ILW) auctions

Tremor Technologies Inc., the technology-based programmatic risk transfer marketplace provider, is launching weekly auctions of industry loss warranties (ILW's), with which it hopes to add efficiency to the process of ILW trading.Tremor noted the challenges currently being faced in the traditional insurance and reinsurance market due tot he Covid-19 coronavirus read the full article →

ILW market growth to come from specialty & cyber risks: Johansmeyer

The industry-loss warranty (ILW) market can be a driver of diversification for the insurance-linked securities (ILS) market as a whole, with growth expected in specialty lines and cyber risks.This is according to Tom Johansmeyer, Head of PCS, who spoke with A.M. Best TV at our recent New York insurance-linked securities read the full article →

PCS launches industry loss index & estimates for Latin America

Property Claim Services (PCS) will now provide industry loss data aggregation and index reporting for the entire Americas, from Canada to Argentina, with the launch of a Latin America service in response to client demand.PCS, a Verisk Analytics business, already provides loss aggregation and reporting solutions for property catastrophe risks read the full article →

Japanese ILW market set to grow as PCS takes share: Johansmeyer

The Japanese industry-loss warranty (ILW) market is recovering and set for growth, helped by the availability of PCS’ product in the region which is seeing increasing uptake.After two consecutive years of heavy typhoon related losses in Japan, retrocessional reinsurance market capacity has been dented.ILW’s structured against Japanese wind were tied read the full article →

PCS used as trigger source for first New Zealand exposed ILW transaction

Property Claim Services (PCS) has expanded its activities around the world with the introduction of new regions where its industry loss data aggregation and index reporting services are available and the market is responding, with new transactions being placed using PCS data as a trigger source.The most recent success is read the full article →

PCS launches industry estimates for large risk losses globally

Property Claim Services (PCS) has launched its second new service offering in as many days, announcing a service that will track global large onshore property losses of $500 million or greater, marking the loss data aggregator's latest expansion into the specialty lines arena.Just yesterday, PCS announced the launch of new read the full article →

PCS launches AUS, NZ, SE Asia industry loss estimates & indices

Property Claim Services (PCS) is greatly expanding its range of industry loss data aggregation and index reporting services to include Australia, New Zealand and also the Southeast Asia region, as it looks to capitalise on growing demand for its products.PCS, a division of Verisk, said that significant global reinsurance market read the full article →

PCS to report Marine & Energy industry losses by line-of-business

Property Claim Services (PCS), is enhancing its PCS Global Marine & Energy insurance industry loss data aggregation and index service by breaking it down into lines of business, to enhance granularity in reporting and facilitate more focused risk transfer decisions.PCS launched its service for non-elemental industry loss estimates for the read the full article →

PCS starts Mexico industry loss index & estimates service

Property Claim Services (PCS) has launched Mexico as the latest addition to its range of industry loss data aggregation and index reporting services, teaming up with Asociación Mexicana de Instituciones de Seguros (AMIS) for PCS Mexico.PCS, a Verisk Analytics business, will now cover four countries with loss aggregation and reporting read the full article →

Further Jebi loss creep may impact RenRe’s retro portfolio: CEO O’Donnell

If the loss creep linked to Japanese typhoon Jebi continues it has the potential to impact RenaissanceRe's retrocessional reinsurance underwriting book, according to the firms CEO.Kevin O'Donnell, the CEO of Bermuda headquartered reinsurance firm RenaissanceRe (RenRe), explained during his firms recent quarterly earnings call that the potential for further development read the full article →