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Insurance
Cedants’ needs are unchanged in terms of requiring access to capital and more insightful data, but their expectation as to how this is being delivered is changing, Jonathan Howe, global insurtech leader at PwC, told Baden-Baden Today. 23 October 2017
Insurance
Blockchain—distributed ledger technology (DLT)—is the latest ‘next big thing’ across all industries, but as it infiltrates the insurance industry it faces an uphill battle, Marek Kaszczyc, vice president and head of Poland operation at Xceedance, told Baden-Baden Today. 23 October 2017
Insurance
Reinsurers are preparing to expand their nat cat exposure at the upcoming January renewals as historically high nat cat losses in the third quarter boost rates. 23 October 2017
Insurance
Reinsurers are gradually changing their market strategy, which will support the sector’s long-term sustainability, Andrew Wu, board director at Dagong Europe Credit Rating, told Baden-Baden Today. 23 October 2017
Insurance
Broker SJL Insurance Services, a regional UK broker, has received a “much sought-after” Lloyd’s accreditation and launched new offices in London as it looks to diversify and expand its business. 23 October 2017
Insurance
The US National Flood Insurance Program’s (NFIP’s) reinsurance purchase in 2017, in which many European reinsurers participated, represented a good deal for the US government and it should look to purchase more limit in 2018. 23 October 2017
Insurance
Patria Re expects more reinsurers to shift capacity into a ‘stable’ European market—a strategy the Mexican reinsurer has adopted as it targets the region to balance its own portfolio. 23 October 2017
Insurance
Reinsurance technology, dubbed reinsurtech, such as blockchain has the capacity to significantly change how the traditional reinsurance market operates. 23 October 2017
Insurance
Negotiations at this year’s Baden-Baden reinsurance conference might be much more lively than in previous years as cedants, reinsurers and brokers attempt to make sense of the impact of hurricanes Harvey, Irma and Maria and how they should respond when it comes to rates. 23 October 2017
Insurance
Despite apparent trends towards bigger global reinsurers benefiting from economies of scale, specialist regional reinsurers with strong local knowledge and expertise remain important, as Fuad Kuliyev, CEO of Az Re explains to Baden-Baden Today. 23 October 2017
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