The formation of a new state-backed reinsurer in Russia will hit the long-term growth potential of global reinsurers in the country, which will be forced to cede a percent of premium to the new entity even on existing long-term treaties.
The US National Flood Insurance Program (NFIP) has tested the transfer of flood risk to the private reinsurance sector, paving the way for a large-scale privatisation of US flood risk. While the potential business for reinsurers is significant, it is likely to be a long and complex process.
Progressive insurers are quickly grasping the potential of telematics to both cut claim costs and get closer to their customers. But further innovation will require a partnership with manufacturers.
Technology could play a significant part in the ongoing evolution of the insurance market – and also impact the ILS segment as well, claims Rafal Walkiewicz, chief executive officer of Willis Capital Markets & Advisory.
Innovative analytic tools and solutions can help insurers optimise capital and drive profitable growth, as Tim Gardner of Guy Carpenter explains.
Uncertainty arising from the status of past deals and Brexit made 2016 pale in comparison to 2015, but most experts are sure this setback is temporary. Intelligent Insurer reports.
Insurance-linked securities have continued to strengthen their position as an attractive capital option in the current cycle, according to Paul Schultz, chief executive officer at Aon Securities.
The ILS markets are leading the way in risk transfer in a number of ways and could even help open up brand new opportunities, closing the protection gap in the process, John Seo, co-founding partner of Fermat Capital Management, tells Intelligent Insurer.
An investment in innovation to bring new risks to market is crucial to the future of the ILS sector, says Tom Johansmeyer of ISO/Verisk Insurance Solutions.
The changing needs and demands of reinsurance buyers and how they fit with the direction of innovation in the industry was discussed by six senior executives at Intelligent Insurer’s annual roundtable in Baden-Baden, organised in association with S&P Global Ratings.