The re/insurance world has been grappling with the possibilities posed by insurtech for some years, but is it just a slogan, or a bubble that will burst, or is there something more tangible emerging? Bermuda:Re+ILS investigates.
Dave Edwards of ChainThat tells Bermuda:Re+ILS about the company’s new blockchain-powered risk and capital exchange on Bermuda.
As the Bermuda M&A bubble shows little sign of bursting, Alan Bossin, partner at law firm Appleby, offers predictions on what else we should expect this year and suggests that good due diligence at the outset of the transaction can help avoid bumps in the road.
The understanding and ownership of scientific content will become a focal point of future catastrophe modelling, says Lixin Zeng, chief executive officer of Validus AlphaCat.
Insurtech investment has been increasing apace. Rather than fight the potential disruptors, re/insurers are being encouraged to pursue ‘open architecture innovation’ and collaborate with startups to achieve new industry growth, according to Paul Mang and Parr Schoolman of Aon’s Analytics team.
As the re/insurance industry deals with everything from hurricanes to Brexit, leadership has never been more important. Bermuda:Re+ILS takes a look at the people who are providing Bermuda with the leadership that circumstances now demand.
Identifying future moves in the market for a place such as Bermuda is always an interesting process. Bermuda:Re+ILS eyes the current trends.
London and Bermuda are both key hubs for the risk transfer markets globally. While they compete on some levels, they also have something of a symbiotic relationship in the way they share risk, expertise and information. Just how important is Bermuda to the London Market? Bermuda:Re+ILS looks for answers.
XL Catlin is well positioned to make a big difference in tackling the protection gap globally. This would be good for the company but it is also the right thing to do, as Charles Cooper, chief executive of Reinsurance at XL Catlin, tells Bermuda:Re+ILS.
As the size of its economy grows, Russia is increasingly vulnerable to the devastating effects of a big catastrophe hitting the country. To manage these growing risks, the country’s governments and insurers should consider the many advantages of using insurance-linked securities, say Kirill Savrassov of Phoenix CRetro, Clive O’Connell of McCarthy Denning, and Rom Aviv of IBI ILS Partners.