ORIGINAL PUBLICATION HERE Lloyd’s has launched a new business interruption policy, which it believes is the “first of its kind” parametric solution designed to protect small and medium sized enterprises (SMEs) against IT disruption or downtime. The new policy pays out automatically once a company’s IT services – such as cloud, e-commerce or payment systems […]

ОРИГИНАЛЬНАЯ ПУБЛИКАЦИЯ ЗДЕСЬ Международные инвестиции в InsurTech растут практически в геометрической прогрессии. Они уже превысили $4,4 млрд и могут достичь $6 млрд. Это почти в два раза превышает итоги 2018 года. Денис Гаврилов, директор по развитию бизнеса в страховании ИТ-компании КРОК, рассказывает, в какие технологии и компании инвесторы вкладывают такие существенные суммы, что происходит в России и чего […]

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 […]

ORIGINAL PUBLICATION HERE The re/insurance world has been grappling with the possibilities posed by insurtech for some years, but is it just a slogan, or a bubble that will burst, or is there something more tangible emerging? Bermuda:Re+ILS investigates. Insurtech is a word that gets a lot of people very excited, as a possible game-changer […]

ORIGINAL PUBLICATION HERE Representatives of A.M. Best presented a macro view of all the technological advances that will likely have a significant impact on the global insurance industry during “The next 25 years in insurance” webinar organized, at the end of March, by ICMIF – International Cooperative and Mutual Insurance Federation. Talking about the potential […]

Solidum issues $12m private catastrophe bond using ILSBlockchain

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ORIGINAL PUBLICATION HERE Solidum Partners, the Swiss specialist insurance and reinsurance linked investment manager, has completed a $12 million Jungfrau IC Limited 2019 private catastrophe bond issuance, which is the fourth to use the firms blockchain system. Solidum Partners became the first in the world to create and settle a securitised catastrophe reinsurance contract using the private […]

Parametric MGA Descartes Underwriting hires ILS specialist Le Roux

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FULL ORIGINAL PUBLICATION HERE Descartes Underwriting, the start-up insurance technology (insurtech) managing general agency (MGA) that focuses on parametric and data-driven risk transfer products, has hired Edern Le Roux, an ILS specialist previously from SCOR Investment Partners. Descartes Underwriting launched recently with an ambition to utilise the insurance-linked securities (ILS) market as a source of […]

ORIGINAL PUBLICATION HERE Insurtech investment volumes increased by more than 60% between 2017 and 2018, while key players such as Lemonade and Amazon also expanded their operations over the year, according to analysts at Deutsche Bank. Deutsche Bank data shows that insurtech investments (across all stages) totalled US $2.6 billion during the first three quarters […]

Ledger closes non-standard auto insurance securitization with AlphaCat

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ORIGINAL PUBLICATION HERE Insurance technology (insurtech) and insurance-linked securities (ILS) start-up Ledger Investing has successfully completed its first transaction, directly securitizing a portfolio of non-standard passenger auto insurance between an MGA and the AIG-owned ILS fund manager AlphaCat. The transaction is a step away from the more typical property catastrophe risk exposures that are securitized […]

ORIGINAL PUBLICATION HERE The re/insurance industry holds high expectations for blockchain technology as an opportunity to increase efficiency of insurance processes, and the future is beginning to take shape with the launch of new platforms and products. Intelligent Insurer reports. Blockchain, also dubbed distributed ledger technology, is the technology behind digital currencies such as Bitcoin […]