New technologies are starting to enter the relatively unchanged world of re/insurers’ reserving departments—and companies willing to invest in and embrace some of the applications could gain a significant advantage, as Bill Miller from KPMG in Bermuda tells Bermuda:Re+ILS.
Attracting the best talent from Generation Y and getting the best from them represents one of the biggest challenges for reinsurers. Those in Bermuda, however, might be having an easier time of it than elsewhere. Here, as part of a bigger feature available online, Bermuda:Re+ILS tracked down and interviewed 29 young executives—all 35 or under–who explain why they chose this industry.
For the third year running, this publication has selected a handful of profiles of the entrants from 2017 which are presented below.
Litigation funding, the practice by which a third party funds a costly litigation or arbitration case and receives a fee if the case is won, is increasingly a factor in claims inflation. Jon Steer, global head of claims at Aspen Re, highlights why this is a growing concern for reinsurers.
Bermuda’s reinsurers and their priorities are changing as they become bigger, broader and willing to accept new risks. Brokers must keep pace with that and even facilitate the process, as Tony Fox, chairman of Aon Benfield Bermuda, explains to Bermuda:Re+ILS.
Don Kramer officially retired a long time ago. Comfortable in his own skin, reflecting on the failures that taught him everything about success, industry legend Kramer discusses with Bermuda:Re+ILS his appetite for volatility in his latest venture and why the industry must embrace young talent.
For the third year running, BermudaRe+ILS present Women in Hamilton, a feature profiling some of the most successful and influential Bermuda-based female executives working in or servicing the risk transfer sector.
For the third year running, this publication profiles some of the most successful female executives working in risk transfer in Hamilton. BermudaRe+ILS has selected a handful of profiles of the entrants from 2016 and 2017 which are presented below.
Despite the immediate challenges and tough trading conditions, there could be no better time for re/insurers to innovate and drive forward the next big change in the industry, which may be a technology or disrupter that now does not exist, argues EY’s David L. Brown.
Blockchain is the newest technological buzzword, a new way of recording transactional information that is said to reduce paperwork and minimise fraud. Bermuda:Re+ILS talks to Wei Keat Ng and Bing Lin from KPMG in Bermuda about what the technology has to offer.