insurance

Today we have four more expert speakers to announce for our upcoming Artemis ILS NYC 2025 conference in New York on February 7th next year, but we also want to remind you that the Early Bird rate expires in just over one week, so please register soon to secure your ticket to attend the event.

Reinsurance broker Guy Carpenter has begun a research project into the use of reciprocal exchanges for delivering parametric catastrophe insurance solutions, to identify whether the structure is a viable one for community-based coverage initiatives.

There is now less than two months to go until our upcoming Artemis ILS NYC 2025 conference in New York on February 7th next year, and today we are delighted to announce four more expert speakers you can hear from on the day, if you register to attend our event.

Today, we are delighted to announce that casualty insurance-linked securities (ILS) and investment opportunities in parametric risk transfer structures, will be the focus of two main panel sessions at our upcoming Artemis ILS NYC 2025 conference in New York on February 7th next year.

According to global reinsurance giant Munich Re, both economic and insurance market losses from tropical cyclone activity around the globe in 2024 are “significantly higher” than averages, with the insured total for the year estimated at $51 billion.

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has reported that it paid $20 million to clients that saw their parametric reinsurance arrangements triggered by hurricane Milton, with these payouts all made within 30 days of the storm’s landfall.

Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, said that it is encouraged as its policy count falls below 1 million or the first time in two years, with encouraging signs being seen in Florida property insurance market dynamics.

Reinsurance giant Swiss Re has estimated that global insured catastrophe losses are on track to exceed US $135 billion by the end of 2024, marking the fifth consecutive year where the insurance market has dealt with losses of over US $100 billion.

The Early Bird rate for tickets to attend our upcoming ILS NYC 2025 conference is still available, but with tickets selling fast we’d urge you to register soon to take advantage of it. Today, we wanted to give you an advance view of the companies you can meet if you attend.

FloodFlash, a flood risk focused insurtech company that offers an innovative sensor-based approach to parametric flood insurance, has revealed paying a claim for a client in just over 10 hours after UK flooding from Storm Bert breached the parametric trigger for the policy.