As Amazon eyes an entry into the insurance industry, just how worried should insurers be? Intelligent Insurer investigates.
Lloyd’s has accelerated its profitability review as it attempts to turn around underperforming syndicates—but as its latest results prove, there remains a long and potentially winding road ahead. Intelligent Insurer reports.
The risk transfer landscape is being transformed by consolidation and the idea that bigger and more diversity is better—particularly if access to alternative capital is involved. But, just like in real life, some recent marriages—especially those rushed into for the wrong reasons—may well end in divorce. Intelligent Insurer reports.
The ILS sector did much to cement its position at the centre of risk transfer after its broadly positive response to the 2017 cat losses. But some investors feel they were misled on the size of those losses, which continue to escalate, and were overpromised on the rate increases that would result. Intelligent Insurer investigates.
Marsh & McLennan’s acquisition of JLT has been on the cards for some time. While the two players complement each other in many areas, Marsh has taken on a lot of debt to finance the deal—which may cause it problems. Intelligent Insurer reports.
Swiss Re believes it can insulate itself from downwards pressure on rates in the reinsurance market by offering clients value-added services such as data, technology and expertise, head of reinsurance Moses Ojeisekhoba, told Intelligent Insurer.
As autonomous vehicles start to become mainstream, it has the potential to change the very structure of the insurance industry – rather than simply how insurers manage the risk. But, according to Vincent Branch, CEO of AXA XL’s Accelerate division, insurers should see this as an opportunity to shape the future, rather than simply serve it.
Multi-cat bonds or other ILS solutions are the only viable solution for coping with natural disasters in the Eastern European and Commonwealth of Independent States region, and Bermuda could have a big role to play in making this happen, says Kirill Savrassov, chief executive of Bermuda-based Phoenix CRetro Reinsurance.
Insurance is not known for being at the forefront of innovation. By and large, customers are buying the same types of covers from the same carriers in the same way as they were 20 years ago, says Anthony Bice, partner and head of EMEA Insurance, Oliver Wyman.
Tom Johansmeyer of PCS, Verisk Insurance Solutions, reviews 2017’s cyber losses and assesses where the momentum is—and examines why the ILS market should be taking note.