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.
Nayms, a regulated Bermuda based marketplace for crypto insurance, has added a key hire with insurance-linked securities (ILS) capital raising experienced, appointing Nick Zagoreos as its Head of Capital Markets.
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Vesttoo, the insurtech that uses proprietary artificial intelligence and machine learning to help companies assess and transfer risks to the capital markets, has made another key hire, adding Minas Kalachian, an experienced reinsurance executive who most recently worked at Allianz Risk Transfer (ART).
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Vesttoo, the insurtech that uses proprietary artificial intelligence and machine learning to help companies assess and transfer risks to the capital markets, has added three new hires to its capital markets team that bring a wealth of experience to the company.
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Vesttoo has added another important appointment, hiring Dan Dijak, who was most recently at AM RE Syndicates, as its Vice President of Insurance Markets in the US.
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ICEYE, a provider of satellite data and services to inform decision-making and analysis, has announced the launch of a new platform that will enable insurance, reinsurance and insurance-linked securities (ILS) players to analyse flood impacts to their portfolios of property risks.
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Vesttoo has made a key hire, attracting experienced insurance-linked securities (ILS) executive and innovator Stefano Sola to join the company in the role of Global Head of Capital Markets.
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One Concern, a resilience-as-a-service solutions provider with a focus on providing upfront information on potential financial impacts of climate related loss events, and broker plus advisor WTW, have teamed up with a goal to accelerate the adoption of parametric insurance solutions.
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Insurtech startup BirdsEyeView has announced the successful closing of a seed funding round to support its development of technology to deliver parametric insurance solutions using artificial intelligence (AI) and satellite data.
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Having now published the results of its Climate Biennial Exploratory Scenario (CBES), looking at the financial risks posed by climate change for the largest banks and insurers operating in the UK, the Bank of England believes that over-time climate risks could become a persistent drag on earnings.
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Hudson Structured Capital Management Ltd., the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has expanded its overall asset-base to more than $4 billion after the acquisition of a complementary transportation investment business.
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