Reinsurance News
Reinsurance interviews
A series of interviews with prominent reinsurance industry executives, discussing the state of the global reinsurance market, opportunities for growth in reinsurance, disruptive factors and the influence of technology on risk transfer and reinsurance.
2024 a milestone year for European re/insurers as tech and regulation advances: Clearwater’s Wenzhe Sheng
9th April 2024
In a recent interview with Reinsurance News, Wenzhe Sheng, Senior Product Manager for EMEA Prudential Regulations at Clearwater Analytics, discussed the latest developments on technical regulation and how that is impacting insurers in the European Union (EU) and the UK, as well as an outlook for the year and a ... Read the full article
Reinsurers are clear about their own retro structures and capacity: Gallagher Re’s Vickers
3rd April 2024
Reflecting on the April 1 reinsurance renewals, James Vickers, Gallagher Re's Chairman of International, says that reinsurers were looking "to grow their portfolios and therefore were relatively accommodating within the confines of their own underwriting discipline." Speaking to Reinsurance News alongside the release of Gallagher Re's 1st View Report, Vickers ... Read the full article
Parametric insurance, an effective tool to address earthquakes: Swiss Re’s Linkin
28th March 2024
Parametric insurance is becoming more mainstream and has become a great tool to complement traditional insurance as the potential devastating impacts of perils like earthquakes increase, Megan Linkin commented in a recent interview with Reinsurance News. Findings from the latest USGS National Seismic Hazard Model (NSHM) revealed that there is a ... Read the full article
AI brings systematic accumulation risk potential towards portfolios: Munich Re’s Berger
21st March 2024
With artificial intelligence (AI) practically impacting all aspects of everyday life, the number of insurance gaps when using AI has staggered in recent years. Reinsurance giant Munich Re highlighted this in a recent whitepaper that showcased how AI exposures within traditional insurance policies possess the ability to become a significant ... Read the full article
Underwriter-built exposure management system Quex “addresses the pain points”: Quotech CEO
15th March 2024
Quotech, the developer of integrated technology solutions for underwriting and broking teams, recently launched a new exposure management platform, Quex, which according to the firm, resolves the frequent complaints users make about their old exposure management software. Reinsurance News recently spoke to the company's Chief Executive Officer, Guillaume Bonnissent, about ... Read the full article
MS Reinsurance eyes strategic expansion in LatAm: CUO (Americas), Segonzac
11th March 2024
In a recent interview with Reinsurance News, Louis de Segonzac, Chief Underwriting Officer (Americas) at MS Reinsurance, discussed the company's strategic focus on expanding its presence in the Latin America (LatAm) market. Segonzac explained that MS Reinsurance maintains a healthy appetite for business in the region, and intends to increase participation ... Read the full article
Demand for parametric insurance to rise in 2024 amid growth in confidence: Swiss Re’s Hotz
7th March 2024
Speaking in an interview with Reinsurance News, Martin Hotz, Head Parametric Nat Cat, Swiss Re Corporate Solutions, suggested that the demand for parametric insurance will continue to rise in 2024, as "there is no fine print in a parametric policy, which clients appreciate in these uncertain times." According to Hotz, the ... Read the full article
Terms & conditions, lack of discipline the biggest challenges for SRCC: IQUW’s Callow
21st February 2024
SRCC (Strikes, Riots, Civil Commotions, and Civil Unrest) as a product does work, but the way some insurers are underwriting it does not, according to IQUW’s Dan Callow, who stated that this is due mainly due to terms & conditions as well as a lack of discipline. As a peril, SRCC ... Read the full article
The decision is in the data. How accounting is evolving in a Gen AI world
5th February 2024
In uncertain times, trustworthiness comes from accurate, actionable, and timely data. And data-driven insights can power a forward-looking approach to accounting, according to executives at BlackRock®. Especially for insurers, data is key, as it acts as the “raw material for competitive innovation, risk management, and decision-making power,” said Griff Norquist, U.S. ... Read the full article
Diversification & tech key positives for investing in Indian re/insurance market: Kshema
30th January 2024
In a recent interview, Natraj Nukala, Founder of Kshema, the fully digitally powered Indian agricultural insurer, explained to Reinsurance News how the company is taking advantage of a capacity shortfall and leveraging advanced technology to bring vital insurance solutions to those in need. “There is a lot of reinsurance supporting India ... Read the full article
SecuRisk ensures the availability of reliable data for risk assessment & pricing: WRMS
29th January 2024
In April 2023, Weather Risk Management Services (WRMS), the agriculture and climate risk management firm, launched SecuRisk, a digital-first global parametric insurance marketplace, that aims to address the gaps and challenges in emerging economies regarding insurance coverage. During a recent interview with Reinsurance News, Anuj Kumbhat, Co-Founder & CEO of ... Read the full article
Parametric insurance a valuable addition to climate risk management landscape: WRMS
25th January 2024
Parametric insurance is said to be significantly disrupting and complementing traditional insurance models across the climate industry, by offering innovative solutions that address the shortcomings of conventional approaches. In the face of climate-related risks, assessing and quantifying damages accurately can be a very challenging task, but through the use of parametric ... Read the full article
DeNexus: Tackling cyber risk from the ground up
24th January 2024
Since its inception in 2019, DeNexus, the specialist provider of cyber risk quantification tools and software, continues to invest heavily to improve its technology and analytics, and with the sixth version of its DeRISK platform in the works and the receipt of a broker licence in Bermuda, the company sees ... Read the full article
Applying NLPs for managing bordereaux brings efficiency and accuracy: AM Specialty
19th January 2024
As technology continues to develop, the re/insurance sector continues to adapt and apply various methods into their systems to change the way how certain tasks are completed, ultimately allowing for automation and saving valuable time that can be used for future tasks. Artificial intelligence (AI) remains a heavy topic in the ... Read the full article
PlacingHub “well-suited” at addressing high costs associated with other electronic placement platforms: Ebix Europe
18th January 2024
Ebix Europe, the London-based technology specialist, released its electronic placing solution, PlacingHub, earlier this month, which has been developed by the London market’s most experienced digital placement experts, attracting interest from major re/insurance brokers and carriers across the market. During a recent interview with Reinsurance News, Ebix Europe's Vice President, Pete ... Read the full article