BILTIR members explore challenges and opportunities for Bermuda’s long-term reinsurance sector

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…

Michael Parcelli of Xceedance says technology can help carriers to insure the uninsurable

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”.…

Machine Cover’s I-J Gujrat on the need for parametric pandemic insurance products

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 of GreenKite Associates says the pandemic is creating opportunities for innovation and insurtech investment

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…

Shân Millie of GreenKite tells Insurance Day that MGAs are best placed to lead insurance industry’s response to climate change

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…