Articles
Alternative Risk Transfer
The dynamic around rates and terms and conditions, the impact of alternative capacity on the market and how to grow those will be some of the biggest talking points at this year’s annual American Property Casualty Insurance Association conference in Boston, according to a survey of Intelligent Insurer readers. 20 October 2019
Insurance
Insurers at Lloyd’s could benefit from the rapid growth of the legal cannabis industry in the US and Canada, a legal expert has claimed. 20 October 2019
Insurance
The creation of an ever-more standardised blockchain framework represents a key moment for the evolution of blockchain technology and the insurtech sector more widely. 20 October 2019
Insurance
One of the top priorities of the Reinsurance Association of America (RAA) over the next 12 months will be working with state regulators to ensure the bilateral covered agreement on insurance and reinsurance between the EU and the US, signed in 2017, is implemented by all states before the five-year deadline is reached. 20 October 2019
Alternative Risk Transfer
After several years of heavy losses and other unexpected challenges such as loss creep and trapped capital, insurance-linked securities (ILS) investors are much more cautious going into the year-end renewals, with many readjusting their portfolios and attempts being made by some to solve the problem of trapped capital. 20 October 2019
Alternative Risk Transfer
Loss creep remains a big issue for the insurance-linked securities (ILS) market, with some investors grappling with developments around the impact of 2017’s Hurricane Irma, which inflicted $77 billion in economic losses in the Northern Caribbean, Puerto Rico and Florida. 20 October 2019
Insurance
Wildfire risk is considered a “new major peril” by reinsurers after the heavy losses of recent years. But the industry has a much better understanding of this risk following investments in risk models and better education about the nature of the risk. 20 October 2019
Insurance
Concern in the US casualty market that pricing hikes are not enough to cover some of the increases in loss costs is causing an element of fear in the market and could mean further upward pressure on rates. 20 October 2019
Alternative Risk Transfer
US carriers hit by losses in recent years could be looking at rate increases of between 15 and 25 percent and all carriers will probably have to absorb rate increases of between 3 and 5 percent, David Carson, head underwriter at Pioneer Cat, a London-based managing general agent, told APCIA Today. 20 October 2019
Insurance
The reinsurance industry must do more to prepare the industry for a future with more frequent and severe weather events, particularly around water-related disasters, Daniel Vestergren, Hiscox Re’s chair of international business, told APCIA Today. 20 October 2019
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