Reinsurance News
Your search for “verisk”
We love cyber. But how do we bring more into the reinsurance market?
10th September 2017
Cyber risk is a hot topic for the insurance and reinsurance industry, perhaps the highest profile of the new lines of business everyone would like to break into. But to date, the industry has been a little tentative at assuming too much cyber risk, something that can change according to ... Read the full article
ISO’s new commercial flood program offers coverage that’s excess of the NFIP
11th August 2017
ISO, a Verisk Analytics business, has announced a new commercial flood insurance program that provides insurers with the ability to set their own limits and offer additional protection for risks not covered by the National Flood Insurance Program (NFIP). ISO has announced that the new insurance program enables insurers to provide additional ... Read the full article
Microinsurance: Should You Rely on Regulation to Drive Distribution?
23rd May 2017
‘Compulsory’ is perhaps the most tempting potential characteristic of any insurance business model. It nods to the prospect of complete market coverage. Total. One hundred percent. The need to attract customers becomes unnecessary—the regulation does that for you! And you can begin to imagine a wide range of operational alternatives ... Read the full article
U.S. property/casualty insurers fall to $4.7bn underwriting loss in 2016: ISO, PCI
12th May 2017
U.S. property/casualty (P/C) insurers recorded a $4.7 billion net underwriting loss in 2016 with a combined ratio of 100.7%, compared with an underwriting gain of $8.9 billion and a combined ratio of 97.8% a year earlier, as higher catastrophe losses and less favourable reserve development impacted profitability, according to ISO, ... Read the full article
PCS launches Global Marine & Energy loss data services
5th April 2017
Property Claims Services, a Verisk Analytics business, has for the first time ventured away from the property-catastrophe sector as it kicks-off its Global Marine and Energy loss aggregation solution services. The PCS Global Marine and Energy risk model index is set to provide industry loss estimates for ocean marine and offshore energy events ... Read the full article
Blockchain: Why re/insurers need to take control of their future
14th March 2017
In this contributed article, Tom Johansmeyer, assistant vice president, PCS Strategy and Development, at ISO Claims Analytics, a division of Verisk Insurance Solutions, discusses the need for insurance and reinsurance market participants to engage with the global blockchain community. Blockchain: Why re/insurers need to take control of their future Waiting for a ... Read the full article
Insured loss from U.S. catastrophes in 2016 above ten-year average: PCS
2nd March 2017
The insurance and reinsurance industry loss from catastrophe events in the U.S. during 2016 reached $21 billion, with the frequency of events increasing to the highest level since 1980, according to data and analysis from Property Claims Services (PCS), a division of Verisk Analytics. The $21 billion recorded by PCS comes ... Read the full article
JLT Re grows ability to broker ILWs with expanded PCS relationship
27th February 2017
Reinsurance broker and advisory JLT Re has increased its ability to offer industry loss warranty (ILW) products to its clients, by expanding its relationship with PCS, a division of Verisk Analytics. The expanded relationship means that JLT Re, which is already one of the leading ILW brokers, now has the ability ... Read the full article
Reinsurance News – Wednesday 25th January 2017
25th January 2017
Here’s your daily Reinsurance News for Wednesday 25th January 2017: Reinsurers to use up Q4 cat budgets: Deutsche Bank The large European reinsurers are expected to either use or exceed their fourth-quarter 2016 catastrophe budgets, according to analysts at Deutsche Bank. Reinsurance price declines moderated at 1/1: JLT ... Read the full article
Reinsurance News – Tuesday 24th January 2017
24th January 2017
Here’s your daily Reinsurance News for Tuesday 24th January 2017: AIG deal big enough to risk Berkshire underwriting profit: Credit Suisse The recently announced adverse development reinsurance agreement between Berkshire Hathaway and AIG is big enough to jeopardise underwriting profit in Warren Buffett's P&C business, warns Credit Suisse. Re/insurers ... Read the full article
Reinsurance News – Friday 20th January 2017
20th January 2017
Here’s your daily Reinsurance News for Friday 20th January 2017: Lloyd's get final approval, to launch in India before April renewals The Lloyd's of London insurance and reinsurance marketplace has received final approval from the IRDAI to establish a branch in India, and plans to launch before the April reinsurance ... Read the full article
Reinsurance News – Tuesday 29th November 2016
29th November 2016
Here’s your daily Reinsurance News for Tuesday 29th November 2016: AXIS Capital to acquire aviation re/insurer Aviabel AXIS Capital has announced the acquisition of general aviation insurance and reinsurance entity Aviabel, which will help the firm expand its presence in the global aviation marketplace. Willis Re names James ... Read the full article
Reinsurance News – Tuesday 25th October 2016
25th October 2016
Here’s your daily Reinsurance News for Tuesday 25th October 2016: Additional reinsurance demand seen for January renewal – Hannover Re Reinsurance giant Hannover Re has said there is likely to be some additional demand for reinsurance capacity from European and German cedants at the key January 1st reinsurance renewal. Read the full article
Reinsurance News – Tuesday 20th September 2016
20th September 2016
Here’s your daily Reinsurance News for Tuesday 20th September 2016: Hurricane Hermine insured losses expected below $400m: RMS Catastrophe risk modeller RMS has said that insurance and reinsurance industry losses from hurricane Hermine are not expected to exceed $400 million. Lloyd's and LMA in deal to make ... Read the full article
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