Climate change prompts ‘forceful model adjustment’ at Swiss Re, says CFO
Natural catastrophe, sustainability and the Covid-19 coronavirus were high on the agenda for Swiss Re as its leaders pledged to reach net-zero emissions by 2030.
Parametric based insurtech pays out one day after storm Ciara
Recent flood damage caused by storm Ciara and Dennis has heightened awareness of growing flood risks again. Parametric flood policies and live flood forecasting are key developments allowing insurers and business to tackle flood risk.
The influences shaping future insurance M&A
Artificial intelligence and machine learning that leverage large legacy, and not so legacy, data caches are set to provide improved pricing accuracy for firms merging with or acquiring others, while Latin America and Asia offer fresh conquests for acquisitive firms. Intelligent Insurer investigates.
Coronavirus ‘a wake up call’ for insurers
As the coronavirus continues to spread, questions are being raised regarding its potential impact on the insurance industry and global economy
Economic reform key for burgeoning Brazilian reinsurance market
Brazil’s evolving reinsurance market still has significant barriers to entry, but economic reform and changes to regulation could whet foreign investor appetite.
Start-up broker aims to boost diversity in insurance
Two industry stalwarts, formerly of Willis Re and Maxfield Risk Consulting, have teamed up to create a more diverse and technologically aligned insurance industry with the launch of a fresh thinking re/insurance broker.
Nat cat events in US and Japan bring substantial losses for Hannover Re
Despite an ‘overall satisfying renewal’, according to CEO Jean-Jean Henchoz, natural catastrophe events in the US and Japan presented substantial loss burdens for Hannover Re and with €3.5 billion up for renewal in these regions in the coming months, significant rate increases are expected.
Axa in advanced stages to sell Polish side of business
After seeing losses in the life sector and a lack of scale in other sectors, the French insurer is progressing its preparations to sell the Polish side of its business.
Icebreaker One aims to address climate data latency in insurance industry
With more climate data collected than ever before, an organisation developing an open standard of climate data sharing claims to have the key to unlocking a sclerotic sharing system.
Insurance leader calls for greater government guidance to combat climate risk
Senior insurance sector leaders emphasised the importance of government leadership in combating climate change during a Fitch roadshow panel discussion on the future of the non-life market.
