Last year was the fourth costliest year for nat cat losses, yet the ILS market enticed 12 new sponsors and saw investors pivot from collateralised reinsurance to catastrophe bonds, says Judy Klugman of Swiss Re.
It’s time for the reinsurance industry to stop replicating the same work and start realising efficiencies in its use of data, says a new whitepaper from Supercede. Intelligent Insurer talked to some of those involved.
How well is the re/insurance industry embracing digital innovation – and what are the keys to future success? Four industry experts gave their views in a recent Intelligent Insurer webinar. These are some of their main takeaways.
The risk-transfer industry will continue to rapidly evolve driven by the pressures of technology – but one of the biggest challenges could be changing mindsets and culture. That will be one of the themes of a virtual webinar hosted by Intelligent Insurer, “Digital Evolution and Industry 4.0: Re/insurers must adapt or die”, which will take place on December 7.
The US re/insurance industry gathered at the Sheraton Hotel in Denver in early November for the first in-person APCIA annual conference since 2019. Here are the key takeaways from this year’s event.
For those at Baden-Baden who had not decided so already, the protests made clear that the focus on ESG issues is not diminishing, only intensifying—and broadening.
Secondary perils were the primary topic at Baden-Baden this year. The consensus is that they mean Europe can no longer escape rate rises, and who pays will determine whether we’re truly seeing a hard market. Intelligent Insurer reports.
Talk of price increases at 1.1 is widespread, also Swiss Re’s Laure Forgeron expects continued rate hardening into 2022, but with decreasing momentum.
Swiss Re calls for new and improved data to modernise pricing methods, risk assessment and unlock growth
While the industry has steadily perfected its pricing and assessment of risks over the years, the current structure has its limitations without better access to information, says Swiss Re’s head of P&C analytics, Daniel Knüsli.
It has always been a volatile region, but there’s still massive scope for growth in South and Central America. After being hit hard by COVID-19, it’s still too early to say that Latin America won’t face further setbacks, according to panellists on a recent session of the Re/insurance Lounge.