Latest articles
Every article in the Reinsurance Weekly archive, newest first.
Cryptocurrency security: someone needs to audit it
Securing new cryptocurrency may soon become just as important as securing people’s identities, cybersecurity expert Tyler Clark-Smith warned. “The biggest threat to…
2019-09-19Reinsurance costs discussed for next year
Colorado’s highly praised reinsurance program — credited with drastically decreasing medical coverage costs one year from now for individuals who buy inclusion…
2019-09-13Devoted Reinsurance Capital: First Half 2019
With most of 2019 reinsurance restorations presently complete, the effect of critical disaster action has advanced from a year prior. Capital inflow…
2019-08-22Energy and Chemical Reinsurance - Implications
Spreads of energy and chemical non-life Reinsurance types, as exemplified by the Energy Financial Instruments (EFIs), have come in the last few…
2019-08-08Why crypto is a great investment ?
A two-month-old investment trend has turned cryptocurrencies into mainstream and investors have flocked to buy the tokens in order to make money.…
2019-08-05Colorado's reinsurance program reduces healthcare premiums
Colorado’s proposed reinsurance program has been approved by federal officials. The governor’s office says that the program could cut healthcare premiums by…
2019-07-23Blockchain solutions in Reinsurance
Blockchain technology can be used to create a new system for reinsurance or agency contracts, allowing reinsurers to decentralize their finances by…
2019-07-19Types of Reinsurance
Government bailouts and limit-bearers have made the reinsurance industry something of a financial black hole for risk managers. Many companies face hundreds…
2019-07-19After WizzAir indicated possible data breach should all insurance policies have cyber insurance coverages?
According to recent posts on social media, the Hungarian lowcost airline WizzAir indicates a possible data breach. In the past few hours…
2019-07-17Climate Change, risk to Reinsurance companies
Reinsurance companies face significant potential risks related to the effects of climate change, particularly in the European and Asian regions, according to…
2019-07-16The rise of AI Reinsurance
Everything is being automated today, that is the way of the future. But if you’re not careful, this automation will eventually lead…
2019-07-15Reinsurance of Travel Insurance
The reality is that the majority of travel insurance choices can reduce or even offset your travel insurance expenses. Whether it’s a…
2019-07-12Optimazing Reinsurance can save millions
Choosing Reinsurance Treaties is one of the most difficult business tasks in the insurance business. Just a tiny tweak towards optimal reinsurance…
2019-07-12Reasons for Reinsuring
You may ask – Why reinsure? Is my risk reinsured? Should I care? How does reinsurance benefit the insurer? One of the…
2019-07-11History of insurance - what do you know?
The history of insurance is as old as time. People cared about Risk from earliest times. The ancient Chinese and Babylonian traders…
2019-07-10What is Reinsurance?
Webster’s dictionary states reinsure by definition is to insure again. This is done by transferring to another insurance company all or part…
2019-07-08Hedge funds and insurance-linked investments
Insurance-linked securities funds give investors exposure to insurance risk, most often natural catastrophes, through instruments such as catastrophe bonds, collateralized reinsurance and…
2019-07-04Reinsurance renewals and pricing momentum
Mid-year renewals are an important checkpoint for the reinsurance market, particularly for property catastrophe business in Florida, Australia and other peak-exposure regions.…
2019-06-28Swiss Re appoints new chief executive for Asia reinsurance
Swiss Re said it has appointed Tom Fulton as chief executive for Asia Pacific for the company’s reinsurance business. Fulton joined Swiss…
2019-06-17Understanding the reinsurance pricing cycle
Reinsurance prices move in cycles. After large catastrophe losses, capital is depleted and rates tend to harden; when losses are benign and…
2019-06-12Silent cyber and the reinsurance market
"Silent" or non-affirmative cyber refers to cyber-related losses that might be paid under policies not written specifically for cyber, such as property,…
2019-06-05Facultative and treaty reinsurance - the differences
As the individuals pay for risk transfer in the everyday life the insurance companies do it too. When they do not posses…
2019-05-31Digital insurance for ride-hailing drivers
Ride-hailing has created a new group of drivers whose insurance needs fall between personal and commercial motor cover. Many drive only part…
2019-05-23How insurtech is changing data collection
Insurtech is an umbrella term for technologies that change how insurance is sold, underwritten and serviced, including cloud software, mobile apps, connected…
2019-05-15Insurers partner with cyber start-up accelerators
Specialty insurers and reinsurers have increasingly partnered with cyber security accelerators. These programs help early-stage security companies grow, and give insurers early…
2019-05-07UK government support for AI in insurance
The UK has funded research and innovation programs that include artificial intelligence projects developed with the insurance industry. The goal is to…
2019-04-25What's the best reinsurance approach?
I see in the ads that almost every insurance company is using a particular model in terms of comparing rates or profitability.…
2019-04-10AI is the “future of employment” for re/insurers
U.S. natural catastrophes and climate change-driven extreme weather poses mounting risks to society and property insurers. This is one of the statements…
2019-03-20Opportunities for insurers in the cannabis market
Legalizing medical cannabis is opening up a marketplace for health insurance companies. According to Business Insider, insurance companies are seeing an uptick…
2019-03-13Munich Re develops insurance for long-term battery performance
Munich Re, the world’s largest reinsurer, has developed a new insurance product for batteries to cover the damage from long-term usage in…
2019-02-20Cyber risk biggest threat to European business as attacks surge
An upsurge in cyber attacks will continue to put pressure on European businesses and expose them to the threat of a critical…
2019-02-15How to approach reinsurance
For an insurer, the first question is not which reinsurance to buy but what problem it should solve: reducing earnings volatility, protecting…
2019-02-05Demand for non-life reinsurance to increase in 2019
Non-life reinsurance market value is forecast to increase at an annualized rate of 5.5 percent from 2018 to 2020, and at a…
2019-02-01Growth in the pension reinsurance market
Pension risk transfer, where companies pass the obligations of defined-benefit plans to insurers, has been growing strongly in several markets. Insurers taking…
2019-01-24L&G Insurance improves pension reinsurance underwriting with blockchain
Legal & General (L&G) Insurance, the General Insurance business of L&G Group plc, has announced the completion of its blockchain trial to…
2019-01-16Is your reinsurance optimized?
After several years of rising property catastrophe pricing, many insurers are reviewing whether their reinsurance programs still deliver value. Optimizing reinsurance means…
2019-01-10Lloyd’s must adapt and innovate to remain relevant in the future
Last month, Lloyd’s of London entered the public debate about the future of the global financial industry by publishing a research paper…
2019-01-02Digitalisation is resulting in more customer-centric insurance
Any insurer in the market today must adopt some of the digitalisation trends brought about by the wide range of devices, the…
2018-12-26Could climate change make parts of the world uninsurable?
Insurance industry leaders and regulators have warned that rising temperatures, more intense storms and sea-level rise could make some regions too risky…
2018-12-20Cryptoasset insurer BlockRe to launch new risk assessment tool
Cryptoasset exchange BlockRe announced on Wednesday that it would be releasing a new risk-assessment tool in order to reduce investors’ risk with…
2018-12-12Cyber risk a growing concern for re/insurers
Cyber insurance is helping to protect global insurance companies against the risk of cyber breach. But, the impact of data breaches can…
2018-12-05Cyber risk means creating as much transparency as possible
Torsten Jeworrek is the partner and strategic advisor to the Global Software Group (GSG), a leading provider of integrated platform security solutions…
2018-11-28Insurtech as the future infrastructure of insurance
Online-only insurers, particularly in Asia, have shown how technology can reach customers that traditional distribution struggles to serve. By embedding small, low-cost…
2018-11-22Probabilistic models for cyber risk
Catastrophe modeling firms have extended the probabilistic techniques used for hurricanes and earthquakes to cyber risk. Instead of relying only on past…
2018-11-15Reinsurers prepare for rapid growth in cyber demand
Large reinsurers have repeatedly identified cyber as one of the fastest-growing lines in the market. As businesses digitize, demand for protection against…
2018-11-06Venture capital and insurtech investment
Partnerships between Silicon Valley investors and the insurance sector have become common as venture funds look for industries ripe for digital change.…
2018-10-25Blockchain isn't understood by insurers
The insurers Standard Chartered, Zurich and Zurich UK said they would begin to pay digital currency companies for claims processing. Last week,…
2018-10-04InsurTech strategies must be implemented
In a new report, “The Future of InsurTech in India”, PricewaterhouseCoopers finds that InsurTech has emerged as a critical technology for the…
2018-10-01“InsurTech is not one size fits all”, says Claude Yoder, Guy Carpenter
HONG KONG – Guy Carpenter & Co., a global reinsurance broker and risk management services provider, has marked the third birthday of…
2018-09-26Risk management company's steps to success
At the risk management company PartnerRe , diversity is a buzzword. Executives talks about greater diversity in terms of better risk judgment…
2018-09-20Re/insurers risk irrelevancy by ignoring cyber
The mismatch between insurers’ business appetite and the risks presented by growing cyber risk could destroy the profitable German group Munich Re…
2018-09-12Cyber risk rising as hackers become harder to match
Attackers adapt quickly, share tools and target the weakest links in supply chains, which makes cyber risk difficult for defenders and insurers…
2018-09-05Airlines need strong cyber security warning systems
Modern airlines depend on interconnected systems for booking, check-in, maintenance, flight planning and in-flight services. A cyber incident in any of these…
2018-08-15Growth of sharing economy requires new insurance solutions: Lloyd’s
As the sharing economy emerges as a potential growth driver for the insurance industry, Lloyd’s, the world’s largest market for insurance for…
2018-08-10Digitalization will redefine insurance claims handling
Earning more money may not be the most pressing concern of the consumer insurance industry. Insurers also need to retool their departments…
2018-08-02Reinsurers must innovate to overcome pricing challenges
A new report co-authored by Professor Gary Johnson and data analyst Anne Kremer found that the insurance industry should place a greater…
2018-07-25Steady growth in cyber market but fresh opportunities remain
News of an escalation in the U.S.-China cybersecurity case comes as credit card-linked credit card and debit card transactions are growing faster…
2018-07-20A new reinsurance market norm suggests challenges will persist
In general, reinsurance premiums have been suppressed since the recession because of a lack of demand and an increase in the money…
2018-07-10Re/insurers and the protection of World Heritage Sites
Many World Heritage Sites are exposed to natural hazards such as floods, earthquakes and storms, as well as to fire and other…
2018-07-04Digital claims solutions for hospitals
Hospitals handle large volumes of insurance claims with limited administrative resources. Manual paperwork, coding errors and slow approvals tie up staff and…
2018-06-25Insurers must innovate to keep pace with automated vehicles
Automated and semi-automated vehicles challenge one of the basic assumptions of motor insurance: that a human driver is responsible for most accidents.…
2018-06-20Swiss Re: new technologies and the engineering sector
Engineering and manufacturing firms face pressure from weak investment cycles, international competition and rapid technological change. Research from large reinsurers has looked…
2018-06-12Texas hailstorms and the cost of severe convective storms
Severe hailstorms are among the most frequent sources of insured property losses in Texas. A single storm crossing a large metropolitan area…
2018-06-06Climate change making storms worse than expected
As the ground around New York City continues to shift from an unseasonably warm springtime to a fierce late summer day, with…
2018-05-30Upgrading technology is top priority for insurance companies
For as long as insurance companies have had to file claims with agents, one of the fastest ways to provide coverage is…
2018-05-10One third of brokers don't understand cyber risks
One third of Wall Street brokers do not understand cyber risks, according to a poll from consultant firm Josephson Associates. Currently, there…
2018-05-04The importance of marketing in reinsurance
Many companies today either manage their marketing strategy internally or outsource marketing to a third party, such as a market research firm,…
2018-04-25Reinsurers work to stay ahead of change
Reinsurers sit on something individual insurers rarely have: a very large, diversified portfolio of risks spread across countries and lines of business.…
2018-04-20Credit insurance on the upswing
Trade credit insurance protects sellers when a buyer fails to pay for goods or services delivered on credit. Demand for the product…
2018-04-10Small- Business Risk: Your Electronic Commerce Wallets.
Are you a business owner who wants to sell your goods and services to a trading partner based across the Atlantic? If…
2018-04-03Climate disasters call for new insurance policies
As weather-related catastrophes become more frequent and more costly, insurers and reinsurers are being pushed to rethink how protection is designed. Traditional…
2018-03-24Climate change possibilities for reinsurers
Climate change presents growth opportunities for reinsurers. It’s raising limits on the amount of money potential losses can absorb, reinsurance industry members…
2018-03-02Hello world! Reinsurance Weekly promises fresh news from the industry
Hello from the team of Reinsurance Weekly! Our team is super excited to grow into becoming one of the insurance industry best…
ArchiveRegulators and reinsurance risk
Insurance regulators monitor reinsurance arrangements closely, because an insurer that relies heavily on reinsurance depends on its reinsurers being able to pay.…
ArchiveManufacturer-branded car insurance and fronting carriers
Some car manufacturers have launched their own insurance products, using vehicle data to price cover for their customers. Because a manufacturer is…
ArchiveSpanish insurers turn to technology for growth
In mature markets where premium growth is limited, insurers look to technology to improve efficiency and customer satisfaction. Spanish insurers are an…
ArchiveBlockchain insurance platforms
Several start-ups have launched platforms that use blockchain to issue policies, record transactions and automate payments. The idea is that a shared…
ArchiveInsurtech growth and loss ratios
Many insurtech start-ups have grown quickly by offering simpler digital experiences, but rapid growth does not always mean profitable underwriting. Loss ratios,…
ArchiveRising sea levels and re/insurers
Sea-level rise increases the reach and severity of coastal flooding and storm surge. Over time it can change the risk profile of…
ArchiveCatastrophe loss warranty products
An industry loss warranty (ILW) is a reinsurance or derivative contract that pays out when total industry losses from an event exceed…
ArchiveDisability and unemployment cover: understanding the risks
Income protection products, including disability and unemployment cover, are designed to replace part of a person's earnings if they cannot work. Many…
ArchiveThe biggest cyber security challenges for businesses
Insurance brokers regularly publish research on the cyber threats their clients face. Common themes include ransomware, business email compromise, supply-chain attacks and…
ArchiveWhy 2017 was a tough year for U.S. reinsurers
2017 brought a series of major natural catastrophes, including hurricanes Harvey, Irma and Maria and wildfires in California. Losses from these events…
ArchiveInsurtechs and third-party data integration
Digital home insurers often integrate data from established analytics providers to speed up quoting and underwriting. Property characteristics, claims history and hazard…
ArchiveIs the reinsurance business model being challenged?
Traditional reinsurers earn returns from underwriting risk and from investing the premiums they hold until claims are paid. Low interest rates, alternative…
ArchiveReinsurers and GDPR compliance
The European Union's General Data Protection Regulation (GDPR), in force since May 2018, applies to reinsurers as well as insurers, because reinsurance…
ArchiveTechnology and growth opportunities for large reinsurers
Global reinsurers have restructured operations and invested in technology to find new sources of growth. Digital platforms, data partnerships and automated underwriting…
ArchiveCompetition from insurtech increases
Insurtech start-ups compete with established insurers on customer experience, speed and price, especially in personal lines such as home, renters and travel…