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Blockchain can help meet insurance sector’s challenges, say EY
Insurance
The insurance industry must keep a close eye on the transformative potential of technology, according to Ian Meadows, director for insurance at EY and a director of EY’s initiative Insurwave, which offers blockchain-enabled marine insurance.   9 September 2019
Insurance
Most reinsurers would like to lower their expense base—but new research suggests that those that spend more also achieve a better underwriting performance, Lewis Phillips of Litmus Analysis told Monte Carlo Today.   9 September 2019
Capacity providers look to the future
Insurance
As the world’s reinsurers gather in Monte Carlo for the annual Rendez-Vous, Ross Lazaroo-Hood of Landmark Holding Group explains that while there are opportunities for MGAs there needs to be more than just a compelling underwriting case.   9 September 2019
Insurance
Intense competition and overcapacity are among the biggest challenges for the global reinsurance industry. That was one of the key points in a presentation in Monte Carlo, given by rating agency AM Best, at which it also warned of some of the negative effects of Brexit.   9 September 2019
Insurance
Rates are increasing, but perhaps not fast enough, was one of the main themes of a discussion by a panel of industry experts speaking at S&P Global Ratings’ Annual Reinsurance Roundtable at this year’s Monte Carlo Rendez-Vous.   9 September 2019
News
The reinsurance market is entering a phase of extreme disruption where it is becoming clear that rates have been structurally too low and must change, David Flandro, the managing director of Hyperion X Analytics, a joint venture between Hyperion X and RKH Reinsurance Brokers, told Monte Carlo Today.   9 September 2019
Insurance
Cyber, climate change and achieving sustainable rates will be the three main talking points at the Rendez-Vous, as innovation becomes increasingly important to the industry, as Laurent Montador of CCR told Monte Carlo Today.   9 September 2019
Insurance
The insurance industry must keep a close eye on the transformative potential of technology, according to Ian Meadows, director for insurance at EY and a director of EY’s initiative Insurwave, which offers blockchain-enabled marine insurance.   9 September 2019
Insurance
The relationship between historical risk-adjusted profitability and credit ratings is more profound but also more nuanced than many think, Stuart Shipperlee, director of Litmus Analysis, told Monte Carlo Today following a unique study.   8 September 2019
Insurance
Rates in the global reinsurance market are improving—but a true hard market is some way away, according to the latest market sector report by Fitch Ratings.   8 September 2019

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