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.
Nephila Climate, the weather and climate risk transfer focused unit of the largest asset manager in insurance and reinsurance linked investments, Nephila Capital, has signed up to provide indicative pricing through the Speedwell Weather run parametric weather risk transfer platform weatherXchange.
Read the full article
Digital risk trading start-up Akinova, which is developing an “electronic marketplace for the transfer and trading of (re)insurance risks,” has signed up Pierre Francotte, the former CEO of Euroclear as an advisor.
Read the full article
There are signs that the world’s largest reinsurance firm Munich Re is beginning to refocus and reposition itself, intending to concentrate on its core areas of expertise in risk management, risk transfer and risk bearing, alongside a newer developed focus on technology.
Read the full article
Global reinsurance giant Swiss Re has highlighted the key macro trends that its research finds are threatening the insurance and reinsurance business model, among which are the insurance-linked securities (ILS) sector and in particular the risk of collateralised reinsurance.
Read the full article
The discussions about a potential investment deal between reinsurance major Swiss Re and Japanese technology conglomerate and investor SoftBank Group have come to an end with no deal agreed, according to an announcement from the reinsurer today
Read the full article
The owner of private equity backed international insurance and reinsurance broker RFIB Group Ltd. is rebranding to Risk Transfer Group (RTG), as part of a strategy to double revenues in three years, to include setting up a Guernsey protected cell company (PCC) and recognising that combining InsurTech and the capital markets is a significant opportunity.
Read the full article
Speedwell Weather, a leading service provider to the weather risk management market, has added support for zero premium swaps within its parametric and index-based weather risk transfer platform weatherXchange, with pricing now available for these instruments.
Read the full article
Nephila Capital, the largest ILS investment fund manager of catastrophe and weather insurance-linked assets, is to lead a dedicated reinsurance facility for InsurTech development platform company Boost Insurance, with capacity also provided by Markel and RenRe.
Read the full article
Global insurance and reinsurance player Swiss Re has reported expansion in the first-quarter of 2018, as it underwrote more premiums across much of its business, reported better returns in property and casualty reinsurance, but noted that while the price environment is improving, it’s still challenging the firm.
Read the full article
As the negotiations between reinsurance giant Swiss Re and technology and telecoms investor SoftBank are reported to have stalled, with the pair said unable to agree on the size of the stake, among other things. Perhaps SoftBank could put its innovation hat on and leverage ILS trends as a way to do something different in […]
Read the full article
