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 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 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 Disaster risks and costs are on the rise in Asia, a region where under-insurance is still the norm and spending by government’s on contingent sources of disaster risk financing relatively scarce, leading the Asian Development Bank (ADB) to call for more to be done. Among the issues cited as requiring more focus, […]

ORIGINAL PUBLICATION HERE Radian Guaranty has now completed its second issuance of mortgage insurance-linked securities (ILS), citing a pleasing response from investors to its $562 million Eagle Re 2019-1 Ltd. that secures it additional reinsurance capacity from the capital markets. The transaction has been in the market for some weeks now and saw Radian Guaranty looking to […]

ORIGINAL PUBLICATION HERE Alternative sources of capital now contributes at least 4% of the global non-life insurance and reinsurance market’s roughly U.S. $2 trillion capital base, according to Swiss Re. The reinsurance firm puts the overall non-life global insurance capital base at $2 trillion, 80% (or $1.6 trillion) of which comes from primary insurers, 16% […]

ORIGINAL PUBLICATION HERE Over the last two decades, the capital structure of the reinsurance business has fundamentally shifted, driven by the forceful nature of third-party, or alternative reinsurance capital, according to Aditya Dutt of RenaissanceRe. Now, the capital market is the first avenue people turn to when major catastrophe losses strike, with deployment of third-party […]

ORIGINAL PUBLICATION HERE Developing Asia “urgently” needs to build more resilience to natural catastrophes through better planning, setting aside government budget, and encouraging insurance, according to new research by the Asian Development Bank (ADB). A mere 8% of Asia’s catastrophe losses since 1980 have been covered be re/insurance, the ADB noted in its economic publication, […]

ОРИГИНАЛЬНАЯ ПУБЛИКАЦИЯ ЗДЕСЬ Москва. 10 апреля. ИНТЕРФАКС — Наблюдательный совет “Российской национальной перестраховочной компании” (РНПК), куда входят представители Банка России как единственного акционера компании, одобрил предложение по финансированию из прибыли РНПК проекта по созданию карты затоплений во всех субъектах России, сообщил журналистам президент перестраховщика Николай Галушин. “Пилотный проект был начат силами ВСС (Всероссийский союз страховщиков […]