FULL ORIGINAL PUBLICATION HERE Public and private market efforts and collaboration to narrow or even close the insurance protection gap need to be accelerated and uptake of risk transfer needs to be extended, according to Chairman of AXA Denis Duverne. Speaking at an Insurance Development Forum (IDF) day held at the International Insurance Society (IIS) […]

FULL ORIGINAL PUBLICATION HERE Peru’s earthquake catastrophe bond will make a $60 million partial pay out of its principal to the country after its parametric triggering was confirmed in the calculation agent report, it has now been confirmed to us. This $200 million IBRD CAR 120 Peru quake catastrophe bond, part of the World Bank’s giant Pacific Alliance […]

Jan Kellett, senior adviser, Finance Hub, United Nations Development Program, said large populations will be better served when insurers work with organizations and governments to tailor products to fill unmet needs.  

FULL ORIGINAL PUBLICATION HERE While other jurisdictions are increasingly keen to realise the benefits of facilitating ILS transactions, regulatory oversight and institutions have helped Bermuda maintain its place as the leading domicile for the asset class. This is according to Alison Dyer-Fagundo, Managing Director of Estera (Bermuda) and Sherman Taylor, Associate Director, Estera (Bermuda), who […]

FULL ORIGINAL PUBLICATION HERE CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is seeking a further expansion of its range of parametric insurance products for the region, with utilities such as energy firms and drought coverage both potential avenues it is exploring. Speaking at a conference in the Caribbean last week, CCRIF Chief Executive […]

FULL ORIGINAL PUBLICATION HERE AXA Climate, the parametric specialist risk transfer unit of global insurance and reinsurance company AXA, has launched Hail Protection, which reportedly is the first-ever parametric coverage designed to help businesses recover after hail storms. AXA Climate, which was formerly called AXA Global Parametrics until a recent rebranding of the unit, developed the […]

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 […]

FULL ORIGINAL PUBLICATION HERE Poised to reach new heights in the coming months on the back of bumper year’s of catastrophe bond issuance, the insurance-linked securities (ILS) market is at “an exciting inflection point,” says Co-founder and Managing Director of Fermat Capital Management, John Seo. In spite of the impacts of the catastrophe events that […]

ORIGINAL PUBLICATION HERE Less than 5 percent of disaster losses are covered by insurance in poorer countries, versus 50 percent in rich nations Jan Kellett leads and coordinates UNDP’s external engagement on its disaster, climate and energy work. Astrid Zwick is head of the InsuResilience secretariat at Germany’s development agency, GIZ. In February, the World […]

FULL ORIGINAL PUBLICATION HERE Climate change is a factor in the intensity of hurricanes that threaten to strike the east coast of the United States, according to researchers who say that CO2 and greenhouse gases are helping to diminish the wind shear that can act as a barrier to storms. Wind shear along the U.S. […]