Insurtech, Insurance Technology in reinsurance and insurance-linked securities (ILS)
Insurance technology, now known more widely as Insurtech, has the potential to bring significant efficiency & disruption to reinsurance, ILS & risk transfer markets.
Insurtech a hot trend with everyone from traditional reinsurance incumbents, as they seek to improve efficiency and stay ahead of the game, to brokers who are seeking to avoid disintermediation, to insurance-linked securities (ILS) players who see it as a way to enhance the efficiency of their capital even further.
The potential for Insurtech and Fintech initiatives to bring efficient capital, such as ILS capital and alternative reinsurance capital from third-party investors, more directly into contact with risk is huge. The opportunities to use technology to shorten and optimise the chain from original risk, to insurance, to reinsurance, to retrocession (or final capital source), will create winners and losers in the market, making this a trend to watch closely.
Arbol, the provider of marketplace technology supporting parametric risk transfer or weather insurance and that utilises smart contracts, has provided the backing for a new crop yield cover whose parametric triggers are based on the throughput measured by machinery sensors. The use of sensor technology in creating new parametric risk transfer, read the full article →
HSCM Bermuda, the reinsurance and ILS investment management business arm of Hudson Structured Capital Management Ltd., has provided a $150 million debt financing arrangement to real estate focused States Title. States Title leverages machine learning intelligence and patented technology solutions to offer a range of residential real estate title, escrow and read the full article →
The insurance-linked securities (ILS) market has never stood still during its relatively young, approximately 25 year history. But it's clear that the ILS industry is acutely focused on delivering more evolutionary change and progress at this time, with the next-generation of ILS risk transfer and investment opportunities already in development. We've read the full article →
Vesttoo, a technology firm that uses proprietary artificial intelligence and machine learning solutions with the goal of helping companies assess and transfer risks to the capital markets, has secured a new equity investment from Silicon Valley specialist venture platform Plug and Play. Plug and Play has a long history of investing read the full article →
Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance, insurtech and transportation- focused investment manager, has refinanced its initial start-up obligations with diversified investor Eldridge, as it secures backing for future growth. Hudson Structured Capital Management has been experiencing strong growth across its ILS, reinsurance and insurtech focused strategies in read the full article →
The insurance and reinsurance industry's relative lack of correlation with broader financial markets is now more important than ever before, Michael Millette explained at our ILS NYC 2021 event. Millette, the Founder and Managing Partner of specialist investment manager Hudson Structured Capital Management explained why ILS and more broadly insurance and read the full article →
Tremor Technologies, the insurtech offering a technology-based programmatic insurance and reinsurance risk transfer marketplace, has launched a next-generation update to its trading platform software, as it looks to "supercharge" reinsurance placement with the Panorama release. Tremor is the only programmatic marketplace technology provider to gain real traction and place syndicated risk read the full article →
Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance- and transportation- focused investment manager, has co-led another significant insurtech venture round, helping auto insurance marketplace DealerPolicy secure $30 million in funding. Hudson Structured Capital Management Ltd., which undertakes its re/insurance business as HSCM Bermuda (HSCM), led the funding round alongside read the full article →
Marrikel, the company that launched in mid-2020 with a product offering of a full reinsurance broking platform, has rebranded itself as Re Square and pivoted to offer just reinsurance auction technology, as an option alongside its full platform, recognising many brokers want to retain control of their own transaction flows. The read the full article →
Vesttoo, which uses proprietary artificial intelligence and machine learning solutions to help companies assess and transfer risks to the capital markets, has published mortality risk models and forecasts for the U.S. including COVID-19 impacts, and offers the resulting index for mortality risk transfer transactions. Vesttoo aims to help risk bearers better read the full article →