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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CelsiusPro doubles-down on big-data for parametrics & weather risk transfer

CelsiusPro AG, the Swiss headquartered weather index insurance and parametric risk transfer specialist, is doubling down on the use of big-data and advanced technology to create better parametric triggers and indices for weather and natural catastrophe risk transfer. CelsiusPro is already a technology-focused company, calling itself an insurtech as it has read the full article →

Hudson Structured upsizes investment in insurtech Kin

Insurance-linked securities (ILS), reinsurance and transportation focused investment manager Hudson Structured Capital Management Ltd. has participated in a $35 million Series B funding round for home insurtech company Kin Insurance. The Series B is the second time Hudson Structured (doing its insurance investment business as HSCM Bermuda) has backed Kin, having read the full article →

Ventus co-founder Stuart Mercer joins Insurdata Advisory Board

Insurdata, an insurtech specialising in software and services to correct, create and augment peril-specific exposure and risk data for insurance and reinsurance carriers, has added the ex-Ventus co-founder Stuart Mercer to its Advisory Board. Mercer is well known in the reinsurance and insurance-linked securities (ILS) communities, having co-founded Ventus Risk Management, read the full article →

Hudson Structured co-leads Series A for rideshare insurtech Buckle

Hudson Structured Capital Management Ltd., which enters into insurance and reinsurance investment business as HSCM Bermuda, has co-led a Series A funding round for rideshare focused insurtech company Buckle. Earlier this summer, Hudson Structured helped Buckle out by its HSCM Bermuda arm recapitalising an auto insurer the start-up was buying to read the full article →

Rom Aviv leads insurance for Agritask, as RMS’ Stander joins as Advisor

Rom Aviv, a former senior employee of insurance-linked securities (ILS ) fund manager Twelve Capital and Israeli investors IBI ILS Partners, is leading insurance for Agritask, an ag-tech and agronomics focused start-up, while Daniel Stander of RMS fame has joined the firm as a senior advisor. Aviv joined Agritask earlier this read the full article →

Cohen & Co. targets $207m with second Butler-led re/insurance SPAC vehicle

Cohen & Company, LLC, the fixed income financial services focused investment specialist, has launched its second Special Purpose Acquisition Company, or SPAC, that targets insurance, reinsurance and insurtech investment opportunities. INSU Acquisition Corp. II follows on from the first SPAC, often called blank check company, launched by Cohen & Co., which read the full article →

Broker revenues reflect the firming. But what of the value in the chain?

In reporting their results today, two of the largest reinsurance brokers displayed growth in revenues and business opportunities in the current firming market conditions, which suggests their profits should increase further over the coming months, as the benefits of harder reinsurance rates globally begin to flow through to their bottom-lines. The read the full article →

Markel hopes to add new ILS inflows during second-half: Co-CEO Whitt

Markel Corporation hopes to see fresh inflows coming into its insurance-linked securities (ILS) business in the second-half of 2020, as the capital markets become less volatile and investor confidence recovers, according to Co-CEO Richie Whitt. As we explained yesterday, insurance-linked securities (ILS) assets under management have declined at Markel's flagship ILS read the full article →

Insurtech investing rebounds to US $1.56bn in Q2 2020

Investments into insurance technology (insurtech) funding rounds rebounded to reach US $1.56 billion in the second quarter of 2020, a more than 71% increase on the first-quarter of the year. This is according to the latest data from reinsurance broker Willis Re's latest Quarterly Insurtech Briefing which was published today. Again, a read the full article →

Swiss Re hires Pasricha to lead P&C Solutions, as Eric Schuh departs

Global reinsurance company Swiss Re has appointed a new hire to the role of Global Head P&C Solutions within its Reinsurance Business Unit, as incumbent Eric Schuh is set to leave the company later this year. The P&C Solutions division within the reinsurance unit at Swiss Re is a specialist segment read the full article →