Insurtech, Insurance Technology in reinsurance and insurance-linked securities (ILS)

Home insurtech company Kin Insurance has upgraded and expanded its catastrophe reinsurance program, which the company says reflects its commitment to helping homeowners most affected by climate change.

Arbol, a technology-led company focused on parametric risk transfer and weather insurance markets, has launched an intriguing new solution named Captive+Parametric, which is designed to help corporations better manage climate risk and climate change exposure, with the help of parametric risk transfer to captive structures.

Lemonade, Inc., perhaps the highest profile insurtech company so far, has been the subject of a lot of discussion over its quota share reinsurance arrangements in recent quarters.

Vesttoo, the technology company that uses proprietary artificial intelligence and machine learning solutions with the goal of helping companies assess and transfer risks to the capital markets, has raised a $6 million Series A round of funding, adding Hanaco Ventures to its list of backers.

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, has partnered with CoreLogic to use its data and models to enhance its services.

Metromile, the auto insurance focused technology company that recently listed on the Nasdaq after a SPAC acquisition, has added insurance and reinsurance linked investments specialist John Butler from Cohen & Co. to its Board.

As we approach the mid-point of the quarterly reporting season, a number of analyst firms are asking a very pertinent question. Where are the margin improvements in reinsurance, given the much improved rate environment?

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance, insurtech and transportation focused investment manager, has made an investment in a specialist flood underwriting managing general agent called reThought Insurance.

Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, is expanding into Asia Pacific with two new offices opening in Singapore and Sydney, Australia.

Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has achieved a milestone in signing up all of the major reinsurance broking firms to use its platform.