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.

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Spinnaker gets snapped up by insurtech Hippo

Spinnaker Insurance Company, the well-known program and fronting service specialist that was founded in 2015 by ex-Arch Re Ingrey family members, has been sold to insurtech Hippo.Hippo is a high-growth, technology focused insurance company that aims to transform home insurance and ownership completely, with the use of smart home technology read the full article →

Artemis Live: Interview with Matt Jones, Anthemis

Matt Jones, Principal at financial technology (fintech), insurance or reinsurance technology (insurtech) venture capital investment firm Anthemis joined us for the latest in our series of video interviews.All of our Artemis Live video interviews can be accessed directly from our YouTube Channel and we have more interesting discussions with leaders read the full article →

Replexus launched as ILS securitisation facilitator by Cedric Edmonds

A new insurance-linked securities (ILS) risk securitisation facilitator and risk transfer consultancy named Replexus Group has been launched by Cedric Edmonds, formerly at Swiss ILS manager Solidum Partners.Edmonds left Solidum in recent months, returning to the United Kingdom to launch a new venture.During his time at Solidum Partners, Edmonds had read the full article →

Artemis Live: Interview with Sean Bourgeois, Tremor Technologies

We have another new addition to our Artemis Live series of video interviews with leaders of the insurance-linked securities (ILS) and reinsurance markets this week, featuring Sean Bourgeois, Founder & CEO of technology-based programmatic insurance and reinsurance risk transfer marketplace provider Tremor Technologies Inc.All of our Artemis Live video interviews read the full article →

HSCM Bermuda participates in $123m States Title funding

HSCM Bermuda, the reinsurance investment management business arm of Hudson Structured Capital Management Ltd., has participated in a $123 million Series C round of funding for 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 read the full article →

Tremor’s ILW auctions see $100m of capacity a week, spreads narrowing

Tremor's weekly auctions of industry loss warranties (ILW’s) are gaining traction, with around $100 million of capacity available every week and spreads now narrowing fast as the reinsurance and retrocession markets harden.Tremor Technologies Inc., the technology-based programmatic risk transfer marketplace provider, has made available some unique data insights into its read the full article →

Descartes Underwriting & Generali partner on parametric insurance

Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, has partnered with primary carrier giant Generali on creation and distribution of parametric insurance products.The partnership aims to develop new parametric insurance solutions to actively respond to the evolving global read the full article →

Accelerate reinsurance calendar, says Willis Re. But is it time to throw it away?

Broker Willis Re has called on its clients and their counterparties to "accelerate the reinsurance calendar" as a response to the Covid-19 pandemic and to avoid any undue delays.Willis Re has been relatively vocal over issues faced by brokers in servicing their clients since the global lockdown due to the read the full article →

Data-driven glimpse of the re/insurance future: Parametric cargo cover from Parsyl

Every so often some new insurance or reinsurance product, or strategy, emerges that shows us a glimpse of the future of this marketplace, often driven by technology, data and the use of parametric triggers.The latest product to do so is one launched by insurtech start-up Parsyl Inc. this week, which read the full article →

Tremor’s weekly ILW auction clears first trade, capacity & bidders rise

Tremor Technologies Inc., the technology-based programmatic risk transfer marketplace provider, has already cleared a trade in just the second holding of its new weekly auctions of industry loss warranties (ILW’s).Tremor launched the weekly online industry loss warranty (ILW) auctions from April 2nd 2020, aiming to bring together protection buyers with read the full article →