ORIGINAL PUBLICATION HERE Fifty years ago, Swiss Re published the first issue of its flagship report sigma. The publication has since become a must-read source of information on natural catastrophe risk for the insurance industry. The initial idea behind sigma was borne in the wake of the 1965 Hurricane Betsy, which caused extensive flooding across […]

ORIGINAL PUBLICATION HERE There’s vast potential for the re/insurance sector to help firms, governments and countries de-risk their balance sheets, says Andy Marcell, CEO of Aon’s Reinsurance Solutions business. According to Aon’s Impact Forecasting team, there were an estimated 156 natural disaster events globally during the first half of 2018. Not one of these events […]

ORIGINAL PUBLICATION HERE In our last article “What is parametric insurance?” we established the basics of what a parametric insurance solution is – its key attributes, how it works and what makes it different from a traditional insurance solution. However, we often hear a number of misconceptions about parametric or index based insurance solutions. In this article, […]

ORIGINAL PUBLICATION HERE Albeit down year-on-year, catastrophe bond issuance in the first-half of 2018 remained impressive driven by a record-breaking Q1 and solid Q2. But while activity is still robust, the continued evolution of the sector will require new regions and lines of business in order to attract more sponsors. This is according to Tom […]

ORIGINAL PUBLICATION HERE The International Monetary Fund (IMF) has introduced a new cyber risk model and loss estimation system to assess the potential impact of cyber-attacks on the world’s financial institutions. By leveraging techniques from actuarial science and operational risk measurement the framework estimates aggregate losses from cyber-attacks and examines factors such as attack-frequency, countries […]

ORIGINAL PUBLICATION HERE Swedish state sector pension fund AP3 was one investor whose ILS portfolio stood up to the impacts of the 2017 catastrophe events relatively well, as the pension investor reported a 2.9% return for its investments across the insurance and reinsurance linked investments space. AP3 allocates to catastrophe bonds and other insurance-linked securities […]

ОРИГИНАЛЬНАЯ ПУБЛИКАЦИЯ ЗДЕСЬ Перестраховочная «дочка» ЦБ потеряла на них большую часть прибыли Перестрахование санкционного бизнеса стоило Российской национальной перестраховочной компании (РНПК) почти всей прибыли в прошлом году. Убыток по поврежденному терминалу газификации в Балтийском море — 2,7 млрд руб.— оказался сопоставим с заработанными на инвестировании собственных средств 2,8 млрд руб. Обязательная же доля передаваемых в РНПК рисков […]

ORIGINAL PUBLICATION HERE The £3bn (€3.5bn) North Yorkshire Pension Fund (NYPF) has launched a tender for an insurance-linked securities (ILS) mandate in connection with an “urgent” review of its investment portfolio. The local government pension scheme (LGPS) said it was carrying out the review in light of interest rate fluctuations and “performance of some of its fund […]