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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Root places property catastrophe reinsurance program with Tremor

Root Insurance, an insurtech that launched with an auto insurance focus and is now expanding into renters and homeowners cover, has placed its June property catastrophe reinsurance program renewal using Tremor Technologies programmatic risk transfer marketplace Panorama. Root placed all of its June property catastrophe reinsurance tower using Tremor Panorama, taking read the full article →

Hudson Structured upsizes investment in insurtech Branch

Hudson Structured Capital Management Ltd., undertaking its insurance and reinsurance investment business as HSCM Bermuda, has invested in home and auto insurtech firm Branch for a second time, participating in a $50 million Series B fund raise. Previously, HSCM Bermuda co-led Branch’s $24 million Series A round, financing the technology-driven read the full article →

Hudson Structured invests in Embroker’s $100m Series C

Hudson Structured Capital Management Ltd., investing in insurance and reinsurance as HSCM Bermuda, has participated alongside venture investors in a $100 million Series C fund raise for Embroker, a digital business insurance platform. Alongside investing in insurance-linked securities (ILS) and reinsurance more broadly, Hudson Structured invests in insurtech (insurance technology) companies read the full article →

Tremor clients seek over $700m of reinsurance capacity in May alone

Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has experienced strong demand in the run-up to the renewals, with more than $700 million of reinsurance capacity sought from its platform by clients in May 2021 alone. Tremor has been quietly making significant progress on signing read the full article →

Demex democratises access to climate data useful for risk transfer

The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has launched a new initiative through which it aims to democratise access to climate data that is useful for risk transfer, insurance or reinsurance transactions. The Demex Group launched last read the full article →

Tencent shows tech’s appetite to own access to reinsurance capital

Tencent Holdings Ltd., the Chinese multinational technology conglomerate, has provided one of the clearest examples of a tech giant wanting to own its access to reinsurance capital, a trend we've been anticipating would emerge. Our regular readers know we have a passion for technology, alongside risk transfer and use of efficient read the full article →

Vesttoo launches Insurance-Linked Program (ILP), makes key capital market hire

Vesttoo has launched a new Insurance-Linked Program (ILP) offering and announced a key hire from the capital markets, as it expands its business to assist investors to pledge high-quality assets as collateral and earn returns from reinsurance and risk transfer business. Vesttoo is a technology company that uses proprietary artificial intelligence read the full article →

ILS Capital invests in & supports commercial auto insurtech Pouch

Bermuda headquartered ILS fund and investment manager ILS Capital Management has provided a seed round of funding to commercial auto insurance tech startup Pouch, while also agreeing to let the insurtech use its insurance carriers and presumably its reinsurance capital as well. Pouch has created a customer friendly, simple approach to read the full article →

Hudson Structured co-leads $64m Series C for home insurtech Kin

Insurance-linked securities (ILS), reinsurance, insurtech and transportation focused investment manager Hudson Structured Capital Management Ltd. has invested in home insurtech company Kin Insurance for the third time. Hudson Structured, doing its insurance investment business as HSCM Bermuda, originally invested in Kin Insurance back in 2019, when it participated in a $47 read the full article →