Xceedance’s Rebecca Oliver says Lloyd’s will need some oversight of insurers’ technology transformation programmes Copy

In an Insurance Day article on the Blueprint Two initiative, Xceedance Technology Managing Director Rebecca says Lloyd’s of London will need some oversight of the technology transformation operations of market participants. Rebecca states it is unlikely Lloyd’s will need detailed oversight of the plans, but she adds: “Lloyd’s will, undoubtedly, was reassurance from its participants…

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”.…