ORIGINAL PUBLICATION HERE A panel of academics at ILS Bermuda’s Convergence 2020 conference has slammed the re/insurance industry’s catastrophe prediction models as not fit for purpose. Cat models that use historical inputs are based on “short and incomplete” data that would be misleading, even if the data were comprehensive, because of the impact of climate […]

ORIGINAL ARTICLE BY Matthew Blackett & Coventry University HERE Europe isn’t a region well known for intense seismic activity, but large earthquakes do happen. In 1953, a devastating 6.8 magnitude quake struck the Greek Ionian Islands. Though these large events tend to be the exception rather than the rule, a flurry of significant earthquakes struck the Balkans on November […]

ORIGINAL PUBLICATION HERE The insurance sector will remain attractive to investors in the first half of 2019, and there are “clear signs of momentum” in how natural catastrophe risk is priced in the equity and ILS markets in the wake of two recent heavy loss years, according to insurance investment manager Twelve Capital. In Twelve […]

ORIGINAL PUBLICATION HERE Sea level rise over the 21st century will not be as severe as many climate models have predicted and should not present a major issue for re/insurers provided it is managed appropriately, according to Dr. Judith Curry, President of Climate Forecast Applications Network and Professor Emeritus, Georgia Institute of Technology. Curry acknowledged that […]

ORIGINAL PUBLICATION HERE Longer-term investors in insurance-linked securities (ILS) and reinsurance linked assets are expected to remain committed to the sector despite the impact of losses over the last two years, with a resumption of ILS market growth anticipated once recent losses have been digested. Reporting in its latest Reinsurance Market Outlook, Aon highlights the […]

ОРИГИНАЛЬНАЯ ПУБЛИКАЦИЯ ЗДЕСЬ Москва. 28 декабря. INTERFAX.RU – Метеорологи предполагают, что 2019 год может стать для планеты самым теплым за всю историю инструментальных наблюдений, заявил научный руководитель Гидрометцентра России Роман Вильфанд. “По климатическим моделям, другим статистическим исследованиям следующий год может быть самым – в целом по глобусу – самым теплым за всю историю метеонаблюдений”, – […]

Optimism & panic at renewals, but improving reinsurance returns expected

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ORIGINAL PUBLICATION HERE There is a mix of optimism and panic as the key January 1st reinsurance renewal rapidly approaches, after losses, market improvement programs at Lloyd’s and a chaotic retrocession market, all continue to make conditions challenging for some. But the longer-term outlook is for improving reinsurance returns generally, which will encourage ILS investors […]

Major UNL retro programs hit market at relatively flat pricing & terms

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ORIGINAL PUBLICATION HERE For all the talk of a capacity crunch in retrocessional reinsurance markets, resulting in a renewal that is seen to be in disarray and set to be very late, we’re told that some major UNL retrocession programs have hit the market offering relatively flat pricing and terms in recent days. At the […]

ORIGINAL PUBLICATION HERE The earth’s climate could be changing faster than first thought – and definitely faster than insurers would like. This presents great challenges to the industry which needs to address them quickly, Intelligent Insurer discovers. Scientists have warned for some time that rising air and sea temperatures could mean an increase in the […]

Alternative investments to expand to $14tn by 2023, niches to benefit

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ORIGINAL PUBLICATION HERE The alternative investments sector is forecast to see explosive growth over the coming five years, with alternative assets under management, consisting of private capital and hedge funds, likely to reach $14 trillion by 2023. According to Preqin, a tracker of data on the alternative asset management space, the industry held $8.8 billion […]