The coronavirus has shaken up the tried and tested PR channels and strategies used in the global insurance and reinsurance markets. Here are five new PR trends to look out for in 2021, according to Rein4ce Managing Director Stephen Breen. The coronavirus has shaken up the tried and tested PR channels and strategies used in…
Members of Bermuda International Long Term Insurers and Reinsurers (BILTIR) took part in a round table looking at challenges and opportunities for the island’s long-term reinsurance sector. The Bermuda Finance event, hosted by Intelligent Insurer, examined the strength of the long-term sector, diversification, the island’s regulatory regime, and current market conditions. To read a transcript…
Justin Davies of Xceedance tells Intelligent Insurer that the accelerated digitalisation of the insurance market which took place in 2020 due to COVID-19 must continue into 2021. Justin is quoted in the magazine’s 2020 review ‘the year of the swan event.’ where he argues that the enforced digitalisation of the insurance market ushered in by…
Writing in Insurance Day, Michael Parcelli of Xceedance argues that insurers can leverage technology to help insure the uninsurable. Michael states that insurers traditionally assess tangible, static risks such as vehicles and real estate, but some exposures such as cyber and the COVID-19 pandemic are “often impossible to predict, and therefore, extremely difficult t underwrite”.…
I-J Gujrat, Chief Executive Officer of Machine Cover , tells Leader’s Edge magazine why the COVID-19 pandemic has highlighted the benefits of using parametric insurance products. I-J said that recent disputes about non-payment of business interruption insurance arising from the pandemic could have been avoided if insurers used parametric triggers. He said current insurance products “essentially…
Sara Ager, Chief Executive Officer of GreenKite Associates, argues that the Covid-19 pandemic is creating opportunities for carriers to innovate and invest in insurtech. In an interview for Intelligent Insurer’s Monte Carlo Today, she states: “We are definitely finding our clients are more willing to invest management time and resources; they are spending more time…
Xceedance Head of EMEA Justin Davies has published an opinion piece in The Actuary arguing for a single industry data format for catastrophe modelling. Justin notes that reinsurers and brokers can spend millions on licence fees for cat models and are closely tied in to their chosen vendor’s data formats, making it very difficult to…
Rein4ce Co-Founder and Partner Stephen Breen is intrigued by how the industry will conduct the renewals season with the Monte Carlo Rendez-Vous cancelled, and hopes it will not signal the death knell for the event. In normal times, today would be the most frantic day of the year. Cross-eyed at the keyboard having sent probably…
GreenKite Associates’ Innovation and Customer Lead Shân Millie tells Insurance Day that managing general agents (MGAs) are best placed to take advantage of the opportunities offered by climate change. In an opinion piece, she notes that they are unencumbered by legacy technology and are in a good position to benefit from a plethora of specialist data…
Life after lockdown – will the City of London ever return to normality? Last week, for first time since lockdown was announced five months ago, I ventured into London to meet up again with my Rein4ce colleagues. While it was a real joy to meet up person after spending an eternity chatting on Teams, Zoom…