ORIGINAL PUBLICATION HERE. PDF VERSION HERE Excellent management of cyclone Fani by the eastern Indian state of Odisha has become a text book example of how to manage natural catastrophes although the government is now faced with the task of post-disaster reconstruction. With low insurance penetration, the question of using capital markets as a means […]

ОРИГИНАЛЬНАЯ ПУБЛИКАЦИЯ ЗДЕСЬ. Версия в PDF ЗДЕСЬ При ожидаемой стоимости в триллионы долларов и планах по развитию в 68 странах на 3-х континентах, инициатива «Один пояс, Один путь», естественным образом привлекает внимание всех участвующих сторон, как в государственном, так и частном секторах. Asia Insurance Review побеседовал о способах трансфера рисков в данном проекте с Кириллом Саврасовым, […]

原文的文章在这里。PDF版本在这里。IN ENGLISH HERE. НА РУССКОМ ЗДЕСЬ 由于成本预估将超过好几万亿美元,主要设施发展遍及三个大陆上涉及到68多个国家,因此中国的“一带一路”倡议很自然地吸引各种会员国家和工商界的注意。《Asia Insurance Review》采访了专门关注欧洲与独联体国家区域的百慕达Phoenix CRetro保险连接证券公司总裁吉里尔·萨符拉索夫(Kirill Savrassov)商量保险连接证券作为“一带一路”倡议的风险转移选择。 作者:阿努普·哈娜(Anoop Khanna) 中国的“一带一路”倡议应该是现代人类历史上最大的基础设施发展方案之一。Phoenix CRetro Reinsurance公司总裁吉里尔·萨符拉索夫(Kirill Savrassov)指出,“由于其规模和地理的多样化,一带一路相关的项目肯定面临着各种挑战和风险,无论是方案倡议者和其他的所有参与者”。目前该方案实现评价范围在九千亿至几万亿美元,其中最大的金融压力和工作由国有企业承担。

With its cost estimated to run into trillions of dollars and main developments spread over 70 countries in three continents, it is natural for China’s belt and road initiative to be in the spotlight of all participating countries and business sectors. As there are massive infrastructure investments in both China and many more nations including its neighboring countries, the (re)insurance industry, together with insurance-linked securities (ILS) community will have its own multi-task opportunities and challenges with regards to the BRI projects. Parametric reinsurance and particularly ILS risk transfer instruments are exact solutions for such issues at the sovereign or provincial government levels.

ORIGINAL PUBLICATION HERE The coastal Indian state of Kerala suffered an estimated economic loss of $4.5bn due to the floods that ravaged the state in August this year. Kerala has demanded that the federal Indian government provide additional resources to rebuild the state’s damaged infrastructure. Kerala’s demand for additional resources has initiated a debate about […]

ORIGINAL PUBLICATION HERE The Bermuda Monetary Authority (BMA), the financial regulator on the island, is requesting a more granular level of detail on activities involving alternative reinsurance capital and insurance-linked securities (ILS) underwriting, seeking detail on any re/insurance business financed by directly capitalised mechanisms. The BMA has published what it calls its “Alternative Capital Schedule” […]

ORIGINAL PUBLICATION HERE Bermudian-domiciled Hamilton Insurance Group has appointed legacy specialists Randall & Quilter (R&Q) to reinsure its Lloyd’s run-off book that it inherited when it acquired Sportscover managing agency in 2015. R&Q has reached an agreement with Hamilton Underwriting Limited to provide capital, in conjunction with AXA DBIO (Discontinued Business Investment Opportunities), to support […]

ORIGINAL PUBLICATION HERE   Amid the hype of this month’s “Paradise Papers,” some key ingredients have gone missing—the rest of the story. The insidious campaign, waged by the International Consortium of Journalists (ICIJ) using data from an illegal hack of Appleby, is well-choreographed and evidently well-funded. Indeed, one speculates how such monies could have been […]

ORIGINAL PUBLICATION HERE and at Baden-Baden 2017 dailies HERE Sponsoring transparent and understandable cat bonds—including bonds that use parametric triggers—could become one of the most effective risk transfer instruments for emerging economies to resolve the developing issue of the protection gap at the macro level, Kirill Savrassov, CEO of Phoenix CRetro, a niche Bermudian ILS […]

ORIGINAL PUBLICATION HERE Investing in catastrophe bonds is viewed as an attractive investment by some primary insurance companies, with the implementation of Solvency II meaning the assets can have certain capital benefits, depending on an insurers profile. For a primary insurance firm which does not carry too much catastrophe risk on its balance-sheet, an investment […]