FULL ORIGINAL PUBLICATION HERE Parametric triggers, coupled with increasingly granular data and technology, can “expand the limits of insurability” according to Swiss Re, especially when it comes to non-physical damage business interruption (NDBI). Innovation continues to deliver on new ways to mitigate risks, Swiss Re said in a recent report. These innovations are enabling better […]

We’re all in on ILS, because it’s the future: Markel Co-CEO Whitt

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FULL ORIGINAL PUBLICATION HERE Speaking yesterday to an audience at the InsureTech Connect conference in Las Vegas, Markel Co-CEO Richard Whitt explained that his company is going all in on insurance-linked securities (ILS). Richard R. Whitt, III, one of the Co-Chief Executive Officer’s of insurance and reinsurance group Markel Corporation, explained that alongside the technological trends […]

Parametric ILS “vital” to reduce protection gaps, increase resilience: Mark Carney, Bank of England

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FULL ORIGINAL PUBLICATION HERE Mark Carney, the Governor of the Bank of England, discussed the role of insurance and reinsurance technology as an essential financial took to smooth the world’s transition to a 1.5 degree world and highlighted the role of insurance-linked securities (ILS) within that. Speaking on Sunday in New York, on the sidelines […]

Hudson Structured raises $300m from Indiana & Maryland state pensions

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FULL ORIGINAL PUBLICATION HERE Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation focused investment manager that undertakes its insurance investment business as HSCM Bermuda, has raised new capital from two U.S. state retirement system pension funds in recent months. According to documents from board of trustee meetings held by the Indiana […]

IDF members commit $5bn of capacity to support InsuResilience goals

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FULL ORIGINAL PUBLICATION HERE Members of the Insurance Development Forum (IDF) have committed to provide up to US $5 billion of risk capacity to support delivery of the InsuResilience Vision 2025 goals, while the United Nations and other sovereign actors have committed to extending climate and disaster insurance to 500 million. Announced yesterday in New […]

FULL ORIGINAL PUBLICATION HERE Bangladesh could benefit from the use of insurance and reinsurance structures including catastrophe bonds as a way to secure much needed capacity enabling it to better respond to natural disasters and climate related risks, according to the International Monetary Fund (IMF). Having completed a new economic assessment of the country, the […]

SCOR may front for ILS funds: Conoscente

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FULL ORIGINAL PUBLICATION HERE Speaking to Artemis from the SCOR lounge in Monte Carlo, Jean-Paul Conoscente, chief executive of SCOR Global P&C, outlined the company’s ambitious plans to place ILS at the heart of the business. He said the reinsurers remained “nimble”, giving the reinsurer the ability to innovate. SCOR’s latest strategic plan – Quantum Leap […]

FULL ORIGINAL PUBLICATION HERE The U.S. state of California is getting increasingly serious about the use of insurance or risk transfer to provide financing against climate risks and financing to support climate adaptation and resilience building. The state is already in the process of putting into place legislation that would allow it to purchase insurance, […]

Risk managers & C-Suite lack understanding of parametric risk transfer

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FULL ORIGINAL PUBLICATION HERE The insurance and reinsurance industry has much more to do to promote parametric risk transfer and other alternative risk strategies, as both risk managers and the C-Suite of major corporations lack a clear understanding of its benefits. The increasing availability and abundance of data and advanced analytics tools, combined with alternative […]

Is the ILS market ready to tackle cyber?

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FULL ORIGINAL PUBLICATION HERE A lack of historical and contextual data continues to hinder the entry of the insurance-linked securities (ILS) market into the cyber re/insurance space, and with ‘silent’ cyber exposures adding further uncertainty, it might be easiest for the ILS sector to focus on affirmative cyber, at least to begin with. This is […]