FULL ORIGINAL PUBLICATION HERE Does innovation receive the attention it deserves in your company? Are you able to scale your business? Do you have business ideas but don’t see how IT can support or enable them? If so, this article is definitely for you! ILS managers are technology companies that happen to work at the […]

ORIGINAL PUBLICATION HERE A panel of academics at ILS Bermuda’s Convergence 2020 conference has slammed the re/insurance industry’s catastrophe prediction models as not fit for purpose. Cat models that use historical inputs are based on “short and incomplete” data that would be misleading, even if the data were comprehensive, because of the impact of climate […]

As mentioned by AON in their Weather, Climate & Catastrophe Insight: 2019  Annual Report, last year brought $232 billion of economic losses from natural disasters whereby only $71 billion was actually insured. It outlined that the world continue to face a fundamental issue of insurance gap, especially in emerging and developing countries, where losses for businesses and governments are only increasing following […]

FULL ORIGINAL PUBLICATION HERE Innovative insurance and reinsurance mechanisms such as catastrophe bonds, risk pooling facilities and parametric triggers are all key ways that risk mitigation can be improved in the world’s most vulnerable areas, Aon said today. The insurance and reinsurance broker highlighted the continuing issue of the protection gap and the need for […]

ORIGINAL ARTICLE BY Matthew Blackett & Coventry University HERE Europe isn’t a region well known for intense seismic activity, but large earthquakes do happen. In 1953, a devastating 6.8 magnitude quake struck the Greek Ionian Islands. Though these large events tend to be the exception rather than the rule, a flurry of significant earthquakes struck the Balkans on November […]

FULL ORIGINAL PUBLICATION HERE A recent survey of 200 Chief Investment Officers (CIO’s) and investment team members from the life, property and casualty, insurance and reinsurance sector found that 18% of respondents are already holding some insurance-linked securities (ILS) within their investment portfolios. The survey undertaken by Natixis looked at what is driving insurance and […]

Bermuda reinsurance profits rise, alternative capital helping on cat exposure: Fitch

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FULL ORIGINAL PUBLICATION HERE Reinsurance companies in Bermuda have been more profitable over the last couple of years, with a return to underwriting profit in 2018 while net income improved moderately, despite above average catastrophe losses. This is currently set to continue in 2019 as well, according to a report from Fitch Ratings, who sees […]

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 Great Stone industrial park outside Minsk currently feels like an empty monument to political ambition, but with increased involvement from Chinese investors and Beijing’s backing it still has potential.  Flags branded with the China Merchants Group logo flutter along wide, empty roads as we make our way from the administrative headquarters […]