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.
QOMPLX, an insurtech provider of intelligent decision platforms and operator of managing general agency’s (MGA), has launched US-based subsidiary MGA units named RubiQon Risk & Insurance Services and RubiQon Re, which will be led by sector veterans Conan Ward and Romel Salam.
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Smart contract focused insurtech start-up Nayms believes it can help the insurance-linked securities (ILS) market become more liquid, by representing ILS contracts in tradable digital assets so investors can move in and out of positions more easily.
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This week our new video interview features RMS’ Jin Shah and Jeff Waters, who joined us to discuss the 2020 Atlantic hurricane season and how technology and analytics can help insurance, reinsurance and ILS market participants be better prepared and respond as storms threaten.
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Lemonade, Inc., one of the highest profile insurtech start-ups that had been funded by Softbank among others, has filed an initial public offering (IPO) registration statement in which it has also revealed that one of its reinsurers is the largest ILS fund manager in the world Nephila Capital.
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Spinnaker Insurance Company, the well-known program and fronting service specialist that was founded in 2015 by ex-Arch Re Ingrey family members, has been sold to insurtech Hippo.
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Matt Jones, Principal at financial technology (fintech), insurance or reinsurance technology (insurtech) venture capital investment firm Anthemis joined us for the latest in our series of video interviews.
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A new insurance-linked securities (ILS) risk securitisation facilitator and risk transfer consultancy named Replexus Group has been launched by Cedric Edmonds, formerly at Swiss ILS manager Solidum Partners.
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We have another new addition to our Artemis Live series of video interviews with leaders of the insurance-linked securities (ILS) and reinsurance markets this week, featuring Sean Bourgeois, Founder & CEO of technology-based programmatic insurance and reinsurance risk transfer marketplace provider Tremor Technologies Inc.
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HSCM Bermuda, the reinsurance investment management business arm of Hudson Structured Capital Management Ltd., has participated in a $123 million Series C round of funding for real estate focused States Title.
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Tremor’s weekly auctions of industry loss warranties (ILW’s) are gaining traction, with around $100 million of capacity available every week and spreads now narrowing fast as the reinsurance and retrocession markets harden.
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