Insurance
Lightning Rounds Webinar Showcases Cutting Edge Disaster Mitigation Technologies
Please join us on October 22, 2020, at 10 a.m. central time as we showcase emerging and growth-stage technologies, products and services that mitigate the impact of severe weather on homeowners, businesses and communities. This webinar is the third event in a series of Lightning Rounds, fast-paced pitch panels for insurance and non-insurance investors. It…
Read MoreEconomic Datain the Age of COVID-19
Dr. Steven N. Weisbart, CLU, Triple-I Senior Vice President and Chief Economist COVID-19 pandemic has not only disrupted our economy – it has complicated the data we routinely use to understand economic developments. This is a bit like finding out the thermometer you use to tell if you have a fever is unreliable. Here are…
Read MoreInsurance kicks it old school: Virtual campus event series to showcase alumni in insurance
By James Ballot, Senior Advisor, Strategic Communications, Triple-I Is insurance the ultimate high return/low-risk career option? Many career experts and insurance professionals agree that few fields offer as many outstanding career paths and opportunities. To spread the word to college students, Gamma Iota Sigma (GIS) is teaming with Triple-I to host virtual sessions at three…
Read MoreDeaths Resulting from Louisiana Hurricanes Underscore Need for Personal Power Generator Safety Awareness
(Photo by Rob Foldy/Getty Images) By James Ballot, Senior Advisor, Strategic Communications, Triple-I On October 1, Hurricane Delta hit Louisiana as a Cat. 2 storm, cutting power to almost 700,000 residents and causing further setbacks to people in that region who were still recovering from Hurricane Laura, the Cat. 4 storm that ravaged the region…
Read MoreArbol lines up $250m non-traditional capacity, targets $1bn+ next year
Arbol, a provider of marketplace technology that supports parametric risk transfer or weather insurance and utilises smart contracts, told us that it has lined up $250 million of capacity from non-traditional market sources to help it expand. Arbol acquired well-known specialist provider of weather risk transfer and weather hedging solutions eWeatherRisk in April 2020, as…
Read MoreCOVID drove higher ILW demand. Positive trends expected for 2021: City National Rochdale
Demand for reinsurance and retrocessional protection in the form of industry loss warranties (ILW’s) increased due to the COVID-19 pandemic and favourable market conditions are expected to persist, with a chance of higher demand again towards the end of this year, City National Rochdale has explained. Reporting on its industry loss warranty (ILW) focused mutual…
Read MoreSeasonality hits rates, but cat bond hard market to persist: Lane Financial
Catastrophe bond and insurance-linked security (ILS) rates-on-line retreated during the third-quarter of 2020, as the expected effects of seasonality hit one of the market benchmarks, the synthetic ILS rate-on-line Index calculated by Lane Financial. Despite the clear retreat in rates, as they tumbled by almost 18% during the quarter, ILS focused consultancy Lane Financial LLC…
Read MoreOngoing COVID-19 loss uncertainty to fuel reinsurance rates: Berenberg
One of the factors fuelling reinsurance rates as we move towards the end of year renewals and the key January 2021 contract signings is the ongoing uncertainty over COVID-19 and just how high the industry loss from the pandemic will rise. Analysts at Berenberg said highlighted that, for now, COVID-19 losses reported by insurance and…
Read MoreTheory reinsurance capital is highly fungible challenged: Vickers, Willis Re
The theory that reinsurance risk capital has become highly fungible in nature, which came about partly due to the advent and growth of the insurance-linked securities (ILS) market, has now been challenged, James Vickers, Chair of Willis Re International believes. The reinsurance cycle was pronounced as dead more than five years ago, something many in…
Read More