Praedicat responds to the PRA ‘Dear CRO’ letter in Insurance ERM

Praedicat responds to the PRA ‘Dear CRO’ letter in Insurance ERM and says the market needs a forward-looking view to casualty risk mitigation. In a recent interview with Insurance ERM, liability risk analytics software company, Praedicat, has outlined ways insurers and reinsurers can address the Prudential Regulatory Authority’s (PRA) regulatory concerns regarding the state of…

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”.…

The rise of the other C-suites

In this new virtual environment, something strange is happening. Rein4ce Director Sarah Hills is seeing an interesting new trend – the rise of the second in command. It’s a funny old world. We’re all finding new ways to work, communicate and run our schedules. Personally, I’ve had my own challenges – getting COVID-19, balancing work…

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…