Reinsurance
Articles tagged “reinsurance”.
Reinsurance 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…
2019-07-19After 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…
2019-07-04Reinsurance 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…
2019-06-05Facultative 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…
2019-02-15How 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…
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…
2018-11-28Insurtech 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…
2018-10-25Blockchain 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…
2018-08-02Reinsurers 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…
2018-07-20A 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…
2018-04-03Climate 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…
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…
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…
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…