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Parametric future pandemic capacity limited, but pricing higher: WTW

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. The company explained that capacity for parametric insurance solutions to cover pandemic related commercial risks, such as loss of earnings, read the full article →

Nat cats & COVID burden reinsurers, but rates boost earnings

Rising reinsurance pricing has boosted the earnings of the big four European reinsurers, despite them all being burdened in 2021 so far by natural catastrophe and COVID-19 related mortality losses. Fitch Ratings explained that strong premium growth and resilient investment income, alongside fewer non-life claims from the COVID-19 pandemic, meant that read the full article →

SCOR “kicked itself” for not renewing mortality bonds: CEO Rousseau

French reinsurance company SCOR "kicked itself" for not having renewed its mortality catastrophe bonds in the past, the firms new CEO Laurent Rousseau explained today. Laurent Rousseau was speaking during a virtual event organised by the organisers of the Rendez-Vous de Septembre (RVS) today, in which he discussed the pandemic and read the full article →

Cat bond market can grow to $50bn, pandemic risk & ESG are drivers: Swiss Re

After a particularly busy first-half of 2021 for catastrophe bond issuance, global reinsurance firm Swiss Re's Capital Markets unit believes that a $50 billion market is possible by 2025 and that two drivers of further insurance-linked securities (ILS) market growth could be pandemic risk and ESG. In its latest Insurance-Linked Securities read the full article →

Sompo GRS launches parametric cover for epidemic & pandemic risk

Sompo Global Risk Solutions (GRS), a division of Bermuda-headquartered specialty P&C insurance and reinsurance group Sompo International, has launched a new parametric insurance product to cover epidemic and pandemic risks. The parametric insurance product will be triggered by civil authority restrictions resulting from international public health emergencies that have been declared read the full article →

Clarity for ILS on Covid-related BI could take two more years: End-investors

The unexpected nature of Covid-19 related business interruption (BI) losses is troubling for the market, and it could be another two years before the insurance-linked securities (ILS) industry fully understands the impact, according to leading ILS investors. To end day three of our virtual ILS Asia 2021 event, held in association read the full article →

Tech can “bridge the gap” to hedging pandemic risk: Artemis Live

As part of the latest Artemis Live webcast, industry experts argued that utilizing technology will be critical in enabling the reinsurance and alternative capital markets, or ILS sector, to help hedge pandemic risk using parametric solutions. The webcast, entitled “Hedging the Next Pandemic with Parametric Capital Market Solutions,” brought together several read the full article →

Live webcast: Hedging the next pandemic with parametric capital market solutions

Vesttoo and Artemis have partnered to host a live webcast on May 25th 2021 where we will discuss and explain opportunities to hedge the next pandemic, using parametric risk transfer, facilitated through the use of data and technology, as well as capacity from the capital markets. Register online here to secure read the full article →

After reassuring pandemic response, expect flight to simplicity in ILS: Webber, Apex

The response of Bermuda, and the broader, insurance-linked securities (ILS) asset class to the global pandemic was reassuring, and as the market moves further into 2021, a flight to simplicity is expected to take hold, according to Ross Webber, Managing Director at independent financial services provider and fund administrator, Apex read the full article →

Madagascar takes up new African Risk Capacity parametric cyclone insurance

The African Risk Capacity (ARC), a provider of parametric disaster insurance products to countries and now other entities in Africa, has launched a parametric tropical cyclone insurance product for African nations and Madagascar has become the first to take it up. It's taken a long time to get to this stage, read the full article →