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