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.
The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has made a key hire, appointing Matt Coleman who most recently worked at Nephila Climate as its Chief Risk Officer. Coleman worked as Director of Strategic Partnerships at Nephila Climate, read the full article →
Stere, an insurance technology (insurtech) start-up that has created a capacity platform to help connect embedded insurance partners and MGA's to reinsurance capital, has announced a $5 million Seed+ capital raise from investment manager Vida Capital. Stere's insurtech platform aims to better connect providers of insurance and reinsurance capacity with managing read the full article →
HSCM Ventures, the insurtech focused division of the Hudson Structured Capital Management reinsurance linked investment operation, has led a $15 million Series A round for life insurance fintech Inclined Technologies, with investor Anthemis also participating in the round. Inclined Technologies Inc. has an ambition to democratise the $150 billion whole life read the full article →
Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has announced the launch of Tremor Sandbox™, a full-featured demo version of its software allowing reinsurance buyers and sellers to try out its platform. Tremor Technologies believes that transparency is key in marketplace design and development, so read the full article →
For the insurance-linked securities (ILS) market to reach its full-potential, expansion through the provision of new lines of risk to a growing investor-base are key, while a one-way bet versus climate change won't deliver the growth the sector deserves, according to Vesttoo's Brian Kirwan. The ILS market has opportunities for growth read the full article →
Vesttoo, the insurance-linked securities (ILS) focused insurtech company, has announced another significant hire, bringing on more reinsurance and ILS market expertise in the form of Julia Henderson, who joins the company as its Chief Commercial Officer (CCO). Henderson joins Vesttoo from her most recent role with Stable, a technology company that read the full article →
HSCM Bermuda, the reinsurance and ILS related investment arm of Hudson Structured Capital Management Ltd., has announced two promotions to senior positions within its team. First, Rachel Bardon, who has been with HSCM since 2016 and played a key role in developing the firm’s investing, valuation, and modeling practices. Back in 2019, read the full article →
Hillridge Technology Pty Ltd, an Australian software technology company that aims to help users address the climate protection gap through parametric insurance, has raised a $2.3 million seed round and now seeks to expand further into Asia Pacific. Using parametric triggers, based on weather indices, Hillridge has been enabling protection buyers read the full article →
Reask, a catastrophe modelling, climate analytics and data company that uses machine learning techniques and artificial intelligence, has announced the hire of former Twelve Capital executive Jamie Rodney as its new CEO, adding significant reinsurance capital and ILS market experience. Rodney takes over as Chief Executive Officer of Reask from Thomas read the full article →
Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance business, has partnered with Singapore based insurer Singlife with Aviva to provide it a parametric rainfall insurance product for travellers. Singlife said this morning that it is the first insurer in Singapore to offer a parametric insurance product designed read the full article →