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.
Tremor Technologies Inc., the programmatic insurance and reinsurance risk transfer marketplace provider, has announced its first dedicated sales hire, adding an experienced reinsurance broker from Willis Re.Jeremy Ginter is joining Tremor as its new Vice President of Sales, a role that will see him tasked with driving sales and industry read the full article →
As the world rapidly advances thanks to technology and the increasing interconnection this brings, the risks faced by the insurance and reinsurance industry are changing fast too, meaning market participants need to help capital providers gain confidence that it understands the exposures it is asking them to underwrite.This important point read the full article →
Tremor Technologies, Inc., the programmatic insurance and reinsurance risk transfer marketplace provider, has launched a Version 2.0 of its technology, with enhanced and more sophisticated quoting features, new analytics and broker tools to help them manage client relationships.Tremor is responding to the needs of cedents, reinsurance markets and brokers with read the full article →
HSCM Bermuda, the reinsurance investment management business arm of Hudson Structured Capital Management Ltd., has signed up Chris Harris, the former CEO of Bermuda reinsurance firm Montpelier Re, to its advisory board.With immediate effect, Harris will join insurance-linked securities (ILS), reinsurance and transportation focused investment manager Hudson Structured as an read the full article →
Major reinsurance companies are increasingly going as direct as they can to source growth in gross written premiums from as close to the customer as they can, with Munich Re's $250 million investment in insurtech Next Insurance the latest example.Munich Re has announced today that it invested $250 million in read the full article →
Following the first successful catastrophe risk transaction to use the Tullett Prebon owned Insurance Linked Notes (ILN) platform, $10 million of insurance-linked securities (ILS) have now been listed on the Bermuda Stock Exchange (BSX).The first issuance and settlement of catastrophe risk linked notes through the ILN platform was recently completed read the full article →
The InsuResilience Solutions Fund, which is part of the InsuResilience Global Partnership, will fund and support the development of an index-based crop and livestock insurance solution for smallholder farmers in South Africa.It's the first funding announced by the InsuResilience Solutions Fund (ISF), which was established and is funded by KfW, read the full article →
Lloyd's of London has revealed an ambitious "Blueprint One" which lays out a strategy to "build the most advanced insurance marketplace in the world" part of which includes new capital rules and processes and a goal to make it simpler for ILS capital to access the market.Blueprint One is the read the full article →
The Tullett Prebon owned Insurance Linked Notes (ILN) platform has successfully completed its first issuance and settlement of catastrophe risk linked notes, in a transaction involving at least one ILS fund manager in LGT ILS Partners.Tullett Prebon, the electronic and voice interdealer broker and part of the TP ICAP group, read the full article →
Hudson Structured has invested in another insurance technology firm, helping Columbus Ohio based commercial insurance technology firm Bold Penguin complete a $32 Million Series B funding round.Hudson Structured Capital Management Ltd. (doing its insurance investment business as HSCM Bermuda), the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, has read the full article →