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 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 […]

Re/insurers to partner with governments & capital markets on cyber risk: S&P

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FULL ORIGINAL PUBLICATION HERE Given the enormous economic loss potential associated with cyber risks, rating agency Standard & Poor’s feels it inevitable that insurance and reinsurance firms will look to both the government and capital markets to help in boosting available cyber risk capacity. In a new report on the reinsurance market’s approach to cyber […]

Cyber is a logical use of ILS capacity: Brian Duperreault, AIG CEO

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ORIGINAL PUBLICATION HERE Cyber risks are a logical place for the use of insurance-linked securities (ILS) capital as there is a real need for capacity, according to Brian Duperreault, the CEO of insurance giant AIG. Duperreault was interviewed on stage at the annual SIFMA IRLS conference in Miami, Florida yesterday. He discussed the evolution of […]

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 […]

ORIGINAL PUBLICATION HERE The nuanced complexity of a re/insurance contract makes it an unrealistic candidate for replacement by blockchain smart contracts, according to independent investment management firm Solidum Partners. A smart contract is essentially an immutable piece of code embedded into the blockchain that can execute binary decisions such as the automatic transfer of value […]

ORIGINAL PUBLICATION HERE The relentless evolution of insurtech will ultimately mean job losses and potentially a decline in the requirement for reinsurance globally, Clive O’Connell, partner and head of insurance and reinsurance at law firm McCarthy Denning, told Monte Carlo Today. He said it will make reinsurers more efficient and revolutionise the reinsurance landscape in […]