The Chief Executive Officer of specialist insurance broker – New Dawn Risk -, Max Carter, has expressed concern over an expected post-COVID claims crisis in healthcare sector. Speaking on how COVID-19 has impacted the healthcare system, Carter said: “If there is one thing that parties on all sides can agree, it is that COVID has […]
Moody’s Analytics has launched Risk Integrity Investment Insight, an asset-liability management (ALM) solution for risk underwriting companies. The new tool combines data and modeling capabilities from across Moody’s Analytics to help insurers build liability-aware investment portfolios and better evaluate their investment strategies across a range of business metrics. Commenting on the new risk management solution, […]
New research findings by GlobalData, a leading data and analytics company, have indicated that the general insurance industry in China, the world’s fastest growing economy, could grow, in terms of direct written premiums (DWP), from CNY 1.36 trillion (USD 196.8 billion) in 2020 to CNY 2.13 trillion (USD 313.0 billion) in 2025. The firm’s latest […]
Global reinsurance company, Swiss Re, has increased its forecasts for global insurance premium growth, based on foreseen acceleration and now forecasting the market will surpass $7 trillion in global premiums by mid-2022. A few months ago, the company had projected that global insurance premiums would reach $7.2 trillion by the end of 2022, with a […]
New research findings have indicated that some re/insurers may discontinue their risk coverage from the property catastrophe space in 2022 due to rising frequency and severity of secondary perils that are adding pressure to margins, leading to greater diversification towards other classes of business A report by Peel Hunt, a United Kingdom-based boutique investment banking […]
New research findings have indicated that some re/insurers may discontinue their risk coverage from the property catastrophe space in 2022 due to rising frequency and severity of secondary perils that are adding pressure to margins, leading to greater diversification towards other classes of business A report by Peel Hunt, a United Kingdom-based boutique investment banking […]
A new study by investment management company, BlackRock, has reflected that re/insurers executives were increasingly concerned about the implications of climate risk, with 95% of them confirming it will have a significant impact on portfolio construction over the next two years. The latest research findings by BlackRock in its 10th Annual Global Insurance Report came […]
S&P Global Ratings, a leading ratings firm, has reported that the global reinsurance sector outlook remained negative still despite gradual economic activity recovery in most countries as returns for the sector still fell short and the industry continues to battle against its commoditization, in particular from non-traditional capital. The ratings agency stated that the capital […]
Tom Johansmeyer, Head of PCS, at ISO Claims Analytics, a division of Verisk Insurance Solutions, has described ransomware as becoming one of the largest cyber risks threatening the insurance-linked securities (ILS) market in the provision of reinsurance and retrocession capacity. Johansmeyer, who made this disclosure during a recent video interview with Artemis.com, said that ransomware was […]
The Saudi Central Bank (SAMA) has released a new set of draft rules for the country’s insurtech sector to ensure that the rights of both companies and customers are protected. A news report by Reinsurance News, an online medium with special focus on global reinsurance business, quoted the apex bank as stating that the draft […]