Content

News

US P&C insurers must focus on underwriting as investment lags

Low rates, competition driving underwriting pressures, says Guy Carpenter

European cyber risk market could reach $5bn by 2025

Compound annual growth rate of 37%, predicts Munich Re at Baden Baden

BaFin raises supervision challenges of capital modelling with AI

Question raised whether to supervise data providers

Insurance heavyweights join Federal Reserve advisory team

Inaugural members have backgrounds in life insurance, property and casualty insurance and reinsurance

Bermudian insurers target efficient and scalable risk modelling

More “industrial” processes needed as insurers grow, according to Aon

CNA names CRO to replace Al Miralles

Mark James to lead enterprise risk management functions

Japanese typhoons won't dent insurers' capital

Faxai and Hagibis will not severely affect Japan’s three main non-life insurers’ capitalisation, says AM Best

Internal auditors should consider five areas in IFRS 17 projects

Deloitte advises on internal audit process of adopting IFRS 17

Loma Prieta quake would cause $38bn economic loss today

RMS warns of large protection gap if 1989 Californian earthquake is repeated

Axis Capital limits coal underwriting and investment

The policy forms part of the re/insurer’s broader corporate citizenship programme

Insurtech roundup: Talanx; Zesty.ai; Munich Re; Sapiens; Bank of England

InsuranceERM rounds up the latest developments in the fast-moving world of insurtech

FCA gets tough on climate change disclosures

UK watchdog will consult on new rules in 2020

Everest Re estimates Q3 cat losses of $280m

The Bermudian re/insurer said losses are driven by hurricane Dorian and typhoon Faxai

Emerging reinsurance vehicles could mean lower capital requirement

Deloitte outlines tips for setting ‘lean reinsurers’

Geneva Association forms cyber terrorism joint task force

Its initial findings are expected to be published in mid-2020.

Insurance guide launched to protect world heritage sites

Insurers worldwide have collaborated with the United Nations and the World Wildlife Fund

Traditional insurance approaches "fail" on cyber risk

Milliman reviews the findings of a recent Eiopa cyber risk re/insurance study

Typhoon Hagibis devastates Japan

Local authorities have called the typhoon the worst storm to hit Japan in decades

Falco Valkenburg to chair AAE for 2020

Dutch national to focus on low interest rate environment, climate change and regulations

RNA Analytics completes IFRS 17 project for Orange Life

The software provider used its R³S offering for the South Korean insurer

UK view on US insurance price rise for vapers

It comes amid health concerns about vaping, which involves the use of e-cigarettes

RGAX and Mutual of Omaha transact reinsurance on blockchain

Distributed ledger technology can reduce administrative burden in reinsurance

RT1 debt issues top $5bn but unlikely to reach full potential

Tier 1 grandfathering provisions limit development of market, says DBRS

Denmark's Gefion gets €6m capital boost

The need to increase Gefion’s capital position became apparent after regulatory intervention

Axis Capital predicts up to $175m Q3 nat cat hit

Hurricanes Dorian and Japanese typhoons were cited as the key loss drivers

InsuranceERM's Technology Guide 2019-20 is now live

New search facility launched this year

Athene's reinsurance sidecar receives "A" rating

Vehicle aims to deliver on-demand third-party equity capital to fund major deals

CatIQ upgrades catastrophe platform

Additional visualisation tools have been added and extra data feeds

Lloyd's chairman takes role at insurtech Cuvva

Carnegie-Brown said the job will help his understanding of the digital market

Typhoon Hagibis puts Rugby World Cup in a spin

The latest wind speeds from Hagibis are reported as 161 mph - equivalent to a Category 5 hurricane.

Analysis

B3i readies blockchain tech for year-end reinsurance renewals

The Blockchain Insurance Industry Initiative (B3i) has deployed the latest version of its property catastrophe excess of loss (XoL) reinsurance application. Paul Walsh discusses where the technology sits within the industry and what the future holds

Keeping control over deep learning models

How can insurers' model risk management frameworks cope with the introduction of deep learning models? Ronald Richman, Nicolai von Rummell and Mario Wüthrich explain

Eiopa proposes extensive reforms for Solvency II 2020 review

Over 878 pages, the European Insurance and Occupational Pensions Authority has put forward dozens of important reforms to the EU’s solvency regime. Christopher Cundy summarises the main issues and shares his opinion on the potential impacts

InsureTech Connect: What happens in Vegas?

Insurers piled into the Nevada desert last month to meet their technological future at the InsureTech Connect event. It all points to the inviolable certainty that insurtech is no longer just a buzzword. Sarfraz Thind reports

The technology trends in risk and capital management

As re/insurers look to implement IFRS 17, manage cyber risk and drive modelling efficiencies, software vendors are gearing up to respond. Cloud and process automation solutions also figure highly in this year's InsuranceERM Technology Guide, introduced by Ronan McCaughey

Insurance ERM Americas: Predictive analytics, AI and the risk function

Forget the hype. Insurers see the real promise for predictive analytics and artificial intelligence in helping them sharpen their business priorities and spot risks faster. Ronan McCaughey reports from last month’s Insurance ERM Americas conference.

What's on the horizon for Bermuda's re/insurance market

Deloitte’s Gokul Sudarsana talks to Christopher Cundy about his thoughts on some of the trends and challenges that face Bermuda's insurance market

How insurers are thinking about sustainability - part 2

In the second part of this two-part feature, Christopher Cundy and Paul Walsh ask seven primary insurers about their approach to climate change, who has responsibility for sustainability and how to measure improvements

Scor's Frieder Knüpling: everything starts with the risk function

The chief risk officer of Scor tells Cintia Cheong how the risk function has helped the company deliver its strategic plan and how the French reinsurer plans to implement IFRS 17

IFRS 17: on the verge of another delay?

Important EU stakeholders are calling for the insurance contracts accounting standard to be delayed once more. Cintia Cheong reports