News
Insurance
The re/insurance industry is facing a structural shift as a consequence of the impact of technology, but not every insurtech venture and vendor will be successful, Stefan Holzberger, chief rating officer at AM Best, told delegates at PCI yesterday. 30 October 2018
Insurance
India remains a land of opportunity for reinsurers—but those that collaborate and innovate will benefit the most, says Devesh Srivastava, general manager of GIC Re. 29 October 2018
Insurance
The underwriting performance of motor insurers in China has been further polarised since the introduction of motor de-tariffication in 2016, which is transforming the market, Christie Lee, director and head of analytics for North East Asia at AM Best, told SIRC Today. 29 October 2018
Insurance
An increasingly complex political environment is causing challenges for insurers as they grapple with the consequences of trade wars and sovereign uncertainties, says Philip Chung of S&P Global Ratings. 29 October 2018
Alternative Risk Transfer
Freddie Mac, the US government-sponsored enterprise (GSE) that provides liquidity to the US mortgage markets by buying mortgages from lenders, wants to increase the panel of reinsurers it works with over time to as many as 50—a move intended to ensure its credit risk transfer programme will remain stable and sustainable in the long term. 29 October 2018
Insurance
Swiss Re wants to work with, and complement the efforts of, risk transfer bodies such as the National Flood Insurance Program (NFIP) and the California Earthquake Authority (CEA) to help reduce the protection gap in the US, Keith Wolfe, president of property & casualty, US at Swiss Re, told PCI Today. 29 October 2018
Alternative Risk Transfer
The ILS market has continued its spectacular growth and steady evolution to become an important part of the re/insurance toolbox, according to Paul Schultz of Aon Securities. 29 October 2018
Insurance
With its centenary just around the corner, reinsurance broker Holborn is enjoying almost unprecedented growth as US cedants seek a true alternative solution, the firm’s Frank Harrison tells PCI Today. 29 October 2018
Insurance
The US re/insurance market is relatively stable and in good health as the industry gathers for the PCI conference in Miami this week—but carriers have one eye on cat losses and another on innovation and insurtech, Stefan Holzberger, chief rating officer at AM Best, told PCI Today. 29 October 2018
Insurance
Reinsurers must learn to manage prices in a more holistic way across the portfolio with a higher baseline in terms of what they will accept by way of a response to the disappointing increases in the aftermath of the 2017 catastrophe losses, Axel Freiboth, managing director, North America at Hannover Re, told PCI Today. 29 October 2018
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