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Insurance
The extent to which rates may or may not increase in the aftermath of severe losses remains the biggest debate in the industry. Arno Junke, the CEO of Deutsche Rück, tells Baden-Baden Today that there will be a wide range of implications in the market. 23 October 2017
Insurance
The risk of physical damage arising from a cyber attack is a growing area of concern, driven by recent incidents and the potential scale of future events, according to Tom Harvey, product manager of RMS Cyber Solutions. 23 October 2017
Insurance
The bilateral “covered agreement” between the US and EU provides regulatory clarity and reduces the regulatory burden for US and EU reinsurers operating in each other’s markets, according to AM Best. 23 October 2017
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
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