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Insurance
Diversification is essential for evolving the cyber insurance market, yet expanding the cyber remit beyond data confidentiality and further into areas such as operational technology risk, data availability and integrity demands a common cyber risk currency, according to Morley Speed, managing director, and Carolyn Morley, chairman, global casualty, Guy Carpenter. 11 September 2017
News
Munich Re’s projections for the reinsurance industry show little growth for the sector as excess capital continues to compete for business. But the reinsurer also believes that the losses generated by the recent hurricanes will trigger more demand. 11 September 2017
Insurance
Hurricane Irma could possibly be a market-changing event, depending on its path and the level of damage it causes, according to Fitch Ratings. 11 September 2017
Insurance
Five seasoned executives from the re/insurance industry discussed technology, talent, reserves and, of course, pricing in the context of potentially costly hurricane losses at the annual S&P Reinsurance Roundtable at the Monte Carlo Rendez-Vous. 11 September 2017
Insurance
Reinsurers—especially those writing long-tail quota share business—should pay much closer attention to the financial health of their cedants or face what could be dire consequences if that insurer goes out of business. 11 September 2017
Insurance
There is a real opportunity to improve reinsurance processes with the use of blockchain technology, which can deliver cost savings and efficiency gains of 30 percent by taking out unnecessary reconciliation, repetitive duplication of work and waiting times. 11 September 2017
Insurance
Flaspöhler, part of NMG Consulting, conducts an annual, global survey of brokers and insurance executives to illustrate reinsurers’ competitive positioning and concerns. Here, we reveal the top challenges for insurance executives in EMEA. 11 September 2017
Insurance
Cyber risk has topped the list of concerns for reinsurers for the first time, reflecting the anxieties around underwriting a risk that’s constantly changing and the rising threat to reinsurers themselves, according to a new report by PwC. 10 September 2017
Insurance
London’s position as a reinsurance hub could be strengthened in the medium to long term if the UK government and regulators come to terms with London becoming an offshore jurisdiction again, Peter Allen, partner at Moore Stephens, told Monte Carlo Today. 10 September 2017
Insurance
The ‘counterfactual analysis of historical events’—scenarios that could have happened but have not—is an important tool not only for the assessment of uncertainty and disaster preparedness, but also for catastrophe insurance risk management, such as the estimation of the probable maximum loss. 10 September 2017
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