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.
Hudson Structured Capital Management (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has again put its weight behind home insurtech company Kin Insurance, participating in a Series D investment round.
Read the full article
The insurance-linked securities (ILS) market has long designed its risk transfer products and solutions using the insights gleaned from the outputs of catastrophe risk models, but in the future a “digital twin” could be a far more intuitive solution that can drive significant ILS innovation, we believe.
Read the full article
Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, is partnering with Reask, a climate analytics and data company that uses machine learning techniques.
Read the full article
Arbol, the technology-led underwriter of parametric risk transfer, climate and weather insurance business, has reported transacting an impressive $70 million in gross premium through its first full-year of operations in 2021.
Read the full article
The global insurance and reinsurance industry has moved from one that is “moderately value-creating” to one that “destroys value”, according to a new report from consultants at McKinsey.
Read the full article
Vesttoo, the insurtech that uses proprietary artificial intelligence and machine learning to help companies assess and transfer risks to the capital markets, has partnered with non-catastrophe specialty P&C reinsurance firm Corinthian Re, to launch a new non-cat P&C investment opportunity called VESCOR.
Read the full article
Direct to consumer homeowners insurtech Kin Insurance appears to have an ambition to take greater control of its reinsurance arrangements, as it has established a Bermuda based captive reinsurance platform and a related holding company named Kincession, Ltd.
Read the full article
ICEYE, a provider of satellite data and services to inform decision-making and analysis, has raised a $136 million Series B investment round and intends to spend some of the funds on building out its range of natural catastrophe focused products for the insurance and reinsurance sector.
Read the full article
Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, is planning for further growth, having successfully secured a huge vote of confidence by raising a $120 million Series B round.
Read the full article
HSCM Ventures, the insurtech focused venture capital investing arm of reinsurance and transport focused asset manager Hudson Structured Capital Management, has led a $25 million Series B round for sensor-driven parametrics coverholder Parsyl.
Read the full article
