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 provided Series A investment capital and facilitated a $250 million lending commitment for a “buy now, pay later” focused insurtech named Ascend.
Read the full article
Swiss Re Corporate Solutions, the large commercial risk specialist unit of the global reinsurance firm, settled a parametric insurance claim within days after a clients parametric trigger was breached by recent typhoon Rai (Odette) struck the Philippines.
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 announced a new hire to help drive its Insurance-Linked Program (ILP) in Faraz Khan, who most recently worked in ILS and retrocession at reinsurance firm Swiss Re.
Read the full article
Capacity to support parametric pandemic risk transfer and insurance is expected to remain limited in the United States, according to broker Willis Towers Watson, but pricing has been on the rise.
Read the full article
Insurance technology (insurtech) start-up Stere has announced a $2 million capital raise to help it better connect providers of insurance and reinsurance capacity with managing general agents, program administrators, and embedded insurance platforms.
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 added experienced growth equity specialist investment professional and former Goldman Sachs executive Raluca Ragab to its advisory board.
Read the full article
Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has experienced particularly strong growth in 2021, expanding the amount of risk transferred through its marketplace with $175 million of premium transacted this year.
Read the full article
Twelve Capital Management, the Zurich-headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, is expanding its strategies to include insurtech investments with the help of a new collaboration with specialist insurtech investor Eos Venture Partners.
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 Fetch™, a piece of functionality that will allow placement participants and capacity to follow the consensus market clearing price.
Read the full article
The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has successfully raised $9 million in Series A funding as it looks to help businesses mitigate the risks of climate change.
Read the full article
