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.
Resilience Economics Ltd. has been launched today by Cedent Ltd., as a new corporate finance advisory specialist focused on climate risk solutions, with an initial $500 million of capacity backing provided by strategic partner Nephila Capital Ltd.
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Speedwell Weather owned parametric weather risk transfer platform weatherXchange has launched instant indicative pricing for index-based weather insurance and derivative contracts sold on its technology platform, aiming to streamline pricing and quoting of weather hedging.
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As InsurTech investment continues apace, questions are often asked about the ability of startups to launch into a sector that is heavily regulated and requires significant capital. In answer to this question, leading ILS fund manager Nephila Capital, its fronting partner State National and some top VCs are backing a platform designed to take the […]
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Can ReinsurTech (reinsurance technology, the next buzzword after InsurTech) help reinsurers to compete with alternative capital providers and insurance-linked securities (ILS) funds, at a time when price competitiveness is key? The answer is yes, but not as much as reinsurers would like it to.
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HSCM Bermuda (Hudson Structured Capital Management), the ILS, reinsurance and transportation finance investment manager set up by ex-Goldman Sachs structured finance head Michael Millette, has led a reinsurance deal for high-profile insurtech company Metromile.
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At the Monte Carlo Reinsurance Rendez-vous event a working prototype of a blockchain powered reinsurance transaction platform was launched by the group of fifteen global insurers and reinsurers that make up the B3i (Blockchain Insurance Industry Initiative).
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Insurance and reinsurance linked investment specialists Solidum Partners have completed a private catastrophe bond transaction, a $14.8 million Dom Re IC Limited 2017, which has become the first such securitisation to be settled using a private blockchain.
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Following the announcement from Markel Corporation that it is to acquire State National Companies for $919 million, Markel executives have discussed the benefits the transaction represents, expecting the takeover to deepen its relationship with alternative capital.
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Automating the pricing process for parametric weather risk transfer or weather hedging contracts is an ambitious goal, but Speedwell Weather feels it has achieved that with the latest release of its now 15-year-old weather derivative pricing and risk management software, which it has connected to its weatherXchange platform.
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Global reinsurance giant Swiss Re has partnered with China’s Ping An Property & Casualty Insurance Company of China, Ltd to develop and deliver mobile-enabled parametric insurance protection against typhoons.
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