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.
Vesttoo, the insurance capital markets focused insurtech, has announced the hiring of experienced alternative investments specialist Jon Ewing to lead the development of an insurance-linked securities (ILS) marketplace.
Read the full article
Tremor Technologies, the insurtech operator of a programmatic risk transfer marketplace, is launching a division focused on residual and public funded insurance markets, saying that they deserve better reinsurance placement outcomes and that taxpayer funded entities need transparency over price discovery.
Read the full article
Hudson Structured Capital Management Ltd. (HSCM), the insurance, reinsurance and transportation focused investment manager, continues to invest in risk and insurance-related technology startups, with its latest as a lead investor in a $12 million Series A fundraise for Earned, formerly known as Forme Financial.
Read the full article
Kin Insurance, the direct-to-consumer and fast-growing insurtech, is clearly delighted with the investor response to its successful placement of a $100 million Hestia Re Ltd. (Series 2023-1) catastrophe bond deal, with an expanded investor base one of the notable mentions.
Read the full article
Kettle, the reinsurance focused deep-learning and artificial intelligence (AI) company, has delivered risk modelling and analytics to support the development of a new excess wildfire product for the Californian market that has been launched by Amwins and is written by PartnerRe.
Read the full article
Tremor Technologies, the insurtech operator of a programmatic risk transfer marketplace, is targeting the catastrophe bond issuance process with a new product launch, believing Tremor Issuer™ can make the primary cat bond issuance process more streamlined.
Read the full article
When it comes to the non-catastrophe side of the insurance-linked securities (ILS) market, there is an opportunity to address funding gaps that exist in the industry and have held back growth, while at the same time delivering new and relatively uncorrelated asset classes, Vesttoo’s CEO Yaniv Bertele explained at an event last week.
Read the full article
Oxbridge Re Ltd., the Cayman Islands based reinsurance firm with a Gulf Coast risk focus, has begun the initial offering of digital or tokenized reinsurance securities named DeltaCat Re, with the capital set to support collateralized reinsurance contracts underwritten via its sidecar structure, Oxbridge Re NS.
Read the full article
Julia Henderson, Chief Commercial Officer at ILS focused insurtech Vesttoo, has asserted that leveraging technology to deliver more transparent and objective risk pricing is key to gaining both investor and rating agency confidence in the alternative capital space.
Read the full article
Tremor Technologies, the insurtech operator of a programmatic risk transfer marketplace, has unveiled a range of cross-placement optimisation tools which it says enables buyers of reinsurance protection to achieve best execution for all of their reinsurance placements at the same time.
Read the full article
