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Insurance
Most US cedants increasingly see using collateralised capacity as a mainstream option complementing their traditional reinsurance programmes—but education is still needed to help demystify the process for some carriers. 17 October 2017
Alternative Risk Transfer
Organisations increasingly recognise the growing value of technology and data assets relative to historical tangible assets, yet they are spending four times more budget on insurance for property, plant and equipment (PP&E) risks, a new report by Aon has revealed. 17 October 2017
Insurance
Beazley is seeking rate increases of between 5 and 10 percent on all international non-loss affected renewals, and potentially bigger increases on US lines as it looks to improve its return on capital, Patrick Hartigan, team leader, treaty team at Beazley, told PCI Today. Lines hit by losses could go up even more. 17 October 2017
Insurance
Aon Securities has published its annual ILS report: Alternative Capital Breaks New Boundaries. Paul Schultz, its chief executive, tells PCI Today about the key developments during what has been a record year for ILS. 17 October 2017
Insurance
While stressing that rate increases are needed, SCOR will take a nuanced approach in how it applies any rises to clients. It will consider a book’s loss experience, current level of rates and whether a client is able to achieve rate increases on its own portfolio. 17 October 2017
Insurance
Total losses from recent natural catastrophes could hit $100 billion and the industry needs to look at its exposures and learn lessons to help it manage its risks better, John Kapitan, head of Americas client development at RMS, told PCI Today. 17 October 2017
Insurance
The re/insurance industry needs to embrace the advantages in time and processing power that the cloud can give their modelling and other computer-generated planning processes, Jonathan Silverman, director of insurance industry solutions at Microsoft, told PCI Today. 17 October 2017
Insurance
The property/casualty industry is facing a time of unprecedented change, David Sampson, the president and chief executive officer of the Property Casualty Insurance Association of America (PCI), told delegates in his opening address at the PCI Annual Meeting on Monday October 16. 17 October 2017
Insurance
Re/insurers should view technology as providing the means to evolve and not view it as something that will disrupt the industry, Paul Mang, global CEO of analytics at Aon, told PCI Today. 17 October 2017
Insurance
While the industry is well capitalised and market sentiment mostly positive, there is still evidence of economic and market-based headwinds that will challenge profitable growth, according to a study by Guy Carpenter. 17 October 2017
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