Reinsurance News

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Reinsurance tech adoption a mixed bag, but opportunity is huge: Webcast

5th November 2021

As the push for efficiency, digitalisation and innovation continues to gain traction in the global reinsurance industry, leaders and executives from across the risk transfer and technology sectors are optimistic about the future. Yesterday, we hosted a live webcast alongside sister publication Artemis, and in association with ... Read the full article

Reinsurance: The data driven future – Register for this live webcast

18th October 2021

We're holding another live webcast on November 4th and this time the discussion will be focused on the use of technology within the reinsurance sector and the importance of data as a driver of future innovation. The webcast is being held in association with our ... Read the full article

Aon backs hurricane Ida as one of US mainland’s costliest yet

13th September 2021

With economic losses anticipated to reach well into the tens of billions of dollars, Aon expects Hurricane Ida to become one of the costliest US mainland hurricanes yet, both on a nominal and inflation-adjusted basis. Commenting during its monthly catastrophe report, the broker explained how despite a sizeable insured portion of ... Read the full article

Intact adds former Partner Re CEO Emmanuel Clarke to Board

22nd July 2021

Intact Financial Corporation today announced the appointment of Emmanuel Clarke to its Board of Directors. Clarke brings over twenty-five years experience working at PartnerRe to the role, and was most recently serving a President and Chief Executive Officer. "We are pleased to welcome Emmanuel Clarke to our Board of Directors at this ... Read the full article

We’re in the very early innings of tech improving reinsurance: Prospectus 2021

20th November 2020

Advancements in technology and analytics have the potential to dramatically improve the reinsurance industry as it strives for efficiency, but to date, the market remains in the very early stages of realising the benefits, according to industry experts. To end the inaugural re/insurance and insurance-linked securities (ILS) conference, Prospectus ... Read the full article

The question is whether changes are cyclical or structural: Roundtable

22nd November 2019

With re/insurance a completely different market now than the one 18 months ago, key industry executives speaking at the 2019 Reinsurance News Monte Carlo Rendezvous Roundtable reflected on whether the longer-term decline in rates is cyclical or structural. If it has been cyclical and the factors driving this new ... Read the full article

Epitaph of Lloyd’s prematurely written several times before: Roundtable

8th November 2019

As the Lloyd’s of London wades into a pivotal phase of digital transformation, key industry executives speaking at the 2019 Reinsurance News Monte Carlo Rendezvous Roundtable reflected on how and why the marketplace will remain key to the industry for years to come. “I think over the course of ... Read the full article

Catastrophe models a tool, not the whole answer: Roundtable

29th October 2019

An over-reliance of catastrophe model data could be generating some dramatic learning experiences for industry participants, according to key executives speaking at the 2019 Reinsurance News Monte Carlo Rendezvous roundtable. Swiss Re’s Head of Property & Specialty Underwriting, Mike Mitchell, described what he considered a “somewhat slavish enthrallment to ... Read the full article

Cali quake losses expected to be insignificant, damage less than initially feared

8th July 2019

Analysts at Credit Suisse expect the insurance industry loss from the recent earthquakes that struck Southern California to be less than $500 million, with emergency officials reportedly stating that the damage is less considerable than initially feared. The Ridgecrest City area of the state was hit by a magnitude 6.4 quake ... Read the full article

Strongest earthquake in 20 years hits southern California

5th July 2019

California experienced its strongest earthquake in two decades on Thursday after a magnitude 6.4 quake struck near the town of Ridgecrest in Kern County. There are reports of “significant damage” to the city, which is home to nearly 30,000 people, with cracked roads, felled power lines, and broken walls and windows ... Read the full article

Lloyd’s Lab reveals second cohort of insurtechs

26th April 2019

Lloyd’s Lab, the innovation accelerator launched by the Lloyd’s market last year, has revealed the second cohort of insurtechs to be selected for its 10-week program. As with the first cohort, which commenced in October 2018, 10 teams of insurtech start-ups have been chosen to develop technology driven products and processes ... Read the full article

Sicily rocked by earthquake following Mount Etna eruption

28th December 2018

An earthquake triggered by the ongoing eruption of Mount Etna has rocked eastern Sicily, injuring at least ten people, damaging churches and houses on the volcano's slopes, and forcing villagers to flee their homes. Italy's Civil Protection officials said the quake, which hit at 3.19am local time on Wednesday, was part ... Read the full article

Aon catastrophe report highlights protection gap in Asia

20th September 2018

Figures from the latest iteration of Aon’s monthly Global Catastrophe recap report have highlighted the scale of Asia’s protection gap following the severe flood and earthquake events in India and Indonesia respectively. The report states that the Kerala state in India was hit by its worst flooding in over 90 years, ... Read the full article