Articles

Insurance

Risk trading insurtech AkinovA unveils Series B investment round to fuel expansion

AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has launched a Series B investment round to fuel its expansion plans.   15 July 2019

Insurance

Hurricane Barry downgraded amid flooding, property damage and power outages

Flooding hit Louisiana and parts of Mississippi on Sunday 14 July after Hurricane Barry came ashore on Saturday 13 July bringing intense rain.   15 July 2019

Insurance

Mercer strikes five-year longevity risk partnership with Club Vita

Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, has entered into a five-year partnership with longevity analytics firm Club Vita.   15 July 2019

Insurance

Moody's withdraws financial strength rating of Genworth Australia

Rating agency Moody's has withdrawn the Baa1 insurance financial strength rating of Genworth Financial Mortgage Insurance (Genworth Australia) due to "insufficient information".   15 July 2019

Insurance

Lloyd's seeks to develop parametric insurance and smart contracts

Parametric insurance and smart contracts technology could help insurers increase efficiency and improve customer experience, finds new reports by insurance and reinsurance marketplace Lloyd’s of London.   15 July 2019

Insurance

Fannie Mae completes $14bn credit risk transfer deals

Fannie Mae, the US government-backed financial institution that provides liquidity to the US mortgage markets by buying mortgages from lenders, has completed two new front-end credit insurance risk transfer (CIRT) deals.   12 July 2019

Insurance

Complacency on innovation risks Bahrain’s re/insurance lead: AM Best

Bahrain’s status as the re/insurance hub in the Middle East is waning as other countries in the region have started to overtake it with newer risk based regimes, making the Arab-state’s insurance sector, historically viewed as progressive and comprehensive, look “slightly antiquated”, according to ratings firm AM Best.   10 July 2019

Insurance

Aon unveils new IFRS 17 solution to bridge gap between risk and finance

Re/insurance broker Aon has launched an IFRS 17 (International Financial Reporting Standard) solution on its capital modelling platform to help insurers fulfil their reporting obligations.   8 July 2019

Insurance

'Cyber risk is now a mainstream risk,' says Allianz as it launches new strategy

Allianz Group is launched a new strategy to address cyber risks in commercial, corporate, and specialty insurance policies of its property & casualty (P&C) companies, and has established a new center of competence to lead the initiative.   5 July 2019

Insurance

S&P ‘A’ rating for Korean Re Swiss subsidiary paves way for ‘major hub’

Korean Re’s reinsurance subsidiary in Switzerland, which opened on 1 June 2019, has achieved an ‘A’ rating from S&P Global Ratings.   5 July 2019

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