Articles
Insurance
More severe convective storms are occurring in the US, meaning that insurers must increasingly see it as more than simply an attritional loss, Rajkiran Vojjala of RMS told Monte Carlo Today. 8 September 2019
Insurance
The global sharing economy is potentially the “biggest expanding area for insurance in the next 20 years”, according to Matt Newman, head of casualty at Apollo and lead for the company’s Ibott brand. 8 September 2019
Insurance
David Flandro, the well-known broker who has previously headed analytics teams at JLT Re and Guy Carpenter, told Monte Carlo Today that his new role with Hyperion X, the data and technology arm of Hyperion Insurance Group, represents his most exciting challenge yet and an opportunity to take the use of data in the insurance and reinsurance industry to another level. 8 September 2019
Insurance
Geospatial Insight has launched PropertyView, which combines artificial intelligence (AI) and scalable cloud computing to extract building information from satellite imagery 8 September 2019
Insurance
A palpable change is taking place in the narrative around technology in the insurance industry. “The question is no longer ‘why do we need technology?’ but instead ‘how do we fully utilise technology?’,” Peter Clarke, founder and managing director of Insurercore, a digital market directory for the insurance industry, told Monte Carlo Today. 8 September 2019
Insurance
Given the current robust capital position of the reinsurance industry, market conditions remain favourable for cedants. As reinsurers and the capital markets adjust their risk assumptions, a period of readjustment is under way—and cedants’ loss history is becoming increasingly important. 8 September 2019
Insurance
The relationship between historical risk-adjusted profitability and credit ratings is more profound but also more nuanced than many think, Stuart Shipperlee, director of Litmus Analysis, told Monte Carlo Today following a unique study. 8 September 2019
Insurance
Nearly three-quarters of respondents to an online Intelligent Insurer renewals survey expect the market to harden in the coming renewals season, with 53 percent of respondents expecting it to harden a little and 19 percent expecting it to harden substantially. 8 September 2019
Alternative Risk Transfer
The current stage of the market cycle is different from what the market might have expected, Mike Krefta, chief executive officer of Hiscox Re & ILS, told Monte Carlo Today. 8 September 2019
Insurance
The Lloyd’s Risk Exchange will bring more business into the London Market and will also shape and adapt to the future of the insurance market, according to James Willison, managing director of Web Connectivity Ltd (WCL), a company which has developed a solution that allows commercial insurance organisations to adopt ACORD XML standards. 8 September 2019
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