ORIGINAL PUBLICATION HERE Discussion Paper for the High-Level Consultative Group (HLCG) This discussion paper is prepared by the Secretariat of the InsuResilience Global Partnership (“Partnership”) based upon a synthesis of evidence commissioned by members and initial consultations with members. Concessional Support for climate and disaster risk finance and insurance (“CDRFI”) is a complex, sensitive and […]

ORIGINAL PUBLICATION HERE With the growing use of data analytics in the digital age, the use of insurance products such as parametric insurance, is starting to grow around the world. And with the effects of climate change now a reality such policy options are becoming more attractive to people internationally in a wide range of sectors, from construction […]

ORIGINAL PUBLICATION HERE Cessions of premiums to capital markets investors and specialist insurance-linked securities (ILS) funds rose among the Aon Reinsurance Aggregate group of companies tracked by the broker. Greater use of capital markets backed collateralised reinsurance has helped the 23 major reinsurers tracked by Aon to offset the impact of the record level of […]

ORIGINAL PUBLICATION HERE The countries and territories of the Western Balkans region are highly vulnerable to the majority of natural catastrophe events, underlining the need for increased awareness of the capabilities of various sources of risk financing, including the catastrophe bond and insurance-linked securities (ILS) space. International organisations, private sector companies and academia for countries […]

ORIGINAL PUBLICATION HERE Catastrophe risk modelling specialist RMS has announced a raft of risk model updates, including to its U.S. hurricane model and Asia earthquake models, while also announcing a new Managing Director for Asia-Pacific and Japan. RMS said that it is releasing updates to its view of hurricane risk across hurricane-impacted countries in the […]

ORIGINAL PUBLICATION HERE ‘Dry port’ pins its hopes on foreign investors to spur faster growth A worker at Khorgos Gateway, which operates a container terminal on the border between Kazakhstan and China, directs a crane as it unloads steel coils from a container. (photo by Wataru Suzuki) KHORGOS, Kazakhstan — One of the most ambitious projects in China’s […]

ORIGINAL PUBLICATION HERE The Great Stone industrial park outside Minsk currently feels like an empty monument to political ambition, but with increased involvement from Chinese investors and Beijing’s backing it still has potential.  Flags branded with the China Merchants Group logo flutter along wide, empty roads as we make our way from the administrative headquarters […]

ORIGINAL PUBLICATION HERE Alternative reinsurance capital’s continued growth through 2018, as well as the slight shrinking of traditional reinsurer capital have been confirmed in a report out today, while at the same time profits at reinsurers are seen to have shrunk again, based on underlying returns on equity (ROE’s). Total dedicated global reinsurance sector capital […]

ORIGINAL PUBLICATION HERE The Danish Red Cross and International Federation of Red Cross and Crescent Societies are making progress with their first ever catastrophe bond transaction, revealing a tiered trigger structure designed to ensure that impactful volcanic eruptions cause the cat bond to pay out. The international humanitarian movement announced last year that it was […]

ORIGINAL PUBLICATION HERE The use of protectionist measures in emerging countries remains a “significant barrier” to the ability of European re/insurers to place business in these regions, according to Insurance Europe. In a recent report, the European insurance and reinsurance federation highlighted concerns about protectionist trends in a number of high growth potential markets. For […]