Monte Carlo

European legacy remains competitive and strong

Over the past decade, as the impact of Solvency II capital requirements has become evident, continental insurers have warmed to the solutions offered by legacy providers. The established legal frameworks, with UK Part VII transfers just one example, have aided the expansion of the sector. Legacy companies and their clients have also benefitted from regulators’ increased awareness of and familiarity with run-off. Growth is set to continue over the coming years, as the legacy sector has been far from static.

Disrupt from within

For all the talk of collapsing the capital-to-risk chain, little has been accomplished.

The property data revolution

Many traditional exposure models are unfit for purpose. High resolution data tools can take property underwriting to the next level, says Jason Futers, CEO, Insurdata.

New data standards for a new era of risk

The positive impact of catastrophe data exchange formats, such as the RMS Exposure Data Model (EDM) and Results Data Model (RDM), and other vendor formats, is a testament to the pioneering work carried out in the first decades of cat modelling. But the (re)insurance industry now requires a new data structure to capitalize on better technology to drive innovation and efficiency.

Seeing beyond the short term

Liberty Mutual Re’s president Dieter Winkel examines how best to respond to what seems an increasingly chaotic world.

Underwriters have gone back to underwriting…

Reinsurers are going back to basics to focus on profitable underwriting in a move that they believe will add momentum to hardening conditions at 1.1 beyond loss-affected lines.

What happens when an ILW trigger under delivers?

What happens when everything you’ve counted on fails right in front of you? When everything you’ve believed just collapses, leaving you with questions and regret?

Evolution not revolution

It was Justin Trudeau who in 2018 first coined the phrase that ‘the pace of change has never been this fast – yet it will never be this slow again’. One year later these words seem wiser than ever and the phrase has become a truism. While exciting, it can feel like if you stand still for a minute, then you’ll get left behind. That’s certainly true of the insurance industry where we seem to live in permanent fear of disruption.

Record catastrophe years have been catalyst for seamless automation

After the major loss years of 2017 and 2018, Aon’s head of Impact Forecasting, Adam Podlaha, explained how the development of more efficient underwriting and modelling systems underpinned by seamless automated pricing algorithms are the silver lining to the costly nat cat storm clouds that still linger over the industry.

How climate change is influencing reinsurance buying patterns

Scor’s head of cat research, Junaid Seria, spoke to The Insurer about the importance of assessing cat risk tolerances in light of the impact of climate change on extreme weather events.

Pursuing real partnerships in high growth regions

Far removed from the property cat woes of US-focused (re)insurers, the senior leadership of Swiss-domiciled Echo Re, CEO Gilles Meyer and CUO Piotr Nowakowski, spoke to The Insurer about the significant growth opportunities they see in pairing with local insurers, especially in Asia.

Neal’s Lime Street revolution exposes Lloyd’s capital conundrum

The revelation that Lloyd’s is being accused of “bad faith” in the High Court by a high profile Name has shone a light on this determined-but-small community of private investors who may prove a challenge to CEO John Neal’s plans to overhaul some of the market’s complicated structures.

The end of AIG’s reinsurance revolution?

It is hard to find any insurer whose reinsurance strategy has been overhauled as much as AIG’s has in the past few years. The signs are now pointing to some further changes to the US insurance giant’s programme, but with a stable underlying strategy informing reinsurance buying. This will likely mean the amount of reinsurance it buys will fall.

$1.8bn Convex readies E&S platform as Lloyd’s talks continue

Convex Group – the $1.8bn specialty (re)insurer launched by industry entrepreneurs Stephen Catlin and Paul Brand – anticipates its excess and surplus lines (E&S) platform could be live by 1.10, providing transatlantic market access and further kick-starting its growth, The Insurer can reveal.

Monte Carlo 2019: Tuesday edition

Welcome to the third day of our coverage from the 2019 Monte Carlo Rendez-Vous!

(Re)insurance stocks enjoy strong 2019 despite summer sell off

Non-life (re)insurance stocks have continued to do well in 2019, despite an equities sell-off in July-August, but traded ILS has remained relatively moribund after the traumas of 2017-18.

Hyperion’s “big bet on Lloyd’s”

Hyperion Group co-founder David Howden has welcomed Lloyd’s CEO John Neal’s reform agenda and said a major new initiative by its group subsidiary RKH demonstrates the firm’s commitment to the 300+ year-old market.

Putting the brakes on claims inflation

Casualty claims inflation shows no sign of slowing. Liberty Mutual Re’s head of casualty reinsurance, Thomas Greene, asks why and explains what action the market is taking.

Solving for X

Following The Insurer’s exclusive coverage of Hyperion X Analytic’s reinsurance market analysis published on Sunday, David Flandro explains how the newly launched data and technology business differs from competitors.

A rare (earths) dilemma – how to quantify precious metals risks

Suki Basi disucsses the work that Russell Group is undertaking to quantify the changing risk and exposure landscape.

Region

Topics

Events & Conferences

Content Types