Articles
Insurance
InsurTech company CPP Group has launched a new cyber Insurance product, for SME businesses, on the Acturis insurance administration and trading platform. 21 October 2019
Insurance
The market should brace itself for some disruption if the Terrorism Risk Insurance Act (TRIA) is not extended in 2020—and carriers should definitely assume that changes to the terrorism backstop will be made, and prepare accordingly. 21 October 2019
Insurance
Credit fundamentals will continue to reflect intense pricing competition and low investment yields, limiting profitability in the reinsurance sector. 21 October 2019
Insurance
Changes to the rate used in the UK to calculate how much insurers should pay out in compensation to people who have suffered life-changing injuries will continue to have an impact on rates in the upcoming renewal, Simon Wigzell, underwriting manager of UnipolRe, told Baden-Baden Today. 21 October 2019
Insurance
CRESTA has updated all 4,901 low-resolution and 242,172 high-resolution CRESTA zones for the 137 countries it covers, following consultation with the industry. 21 October 2019
Insurance
With India providing the bedrock for its operations in the region, GIC Re sees the wider Asia-Pacific region as the growth engine for both the world economy and its own aims, Devesh Srivastava of GIC Re told APCIA Today. 20 October 2019
Insurance
Wildfire risk is considered a “new major peril” by reinsurers after the heavy losses of recent years. But the industry has a much better understanding of this risk following investments in risk models and better education about the nature of the risk. 20 October 2019
Alternative Risk Transfer
US carriers hit by losses in recent years could be looking at rate increases of between 15 and 25 percent and all carriers will probably have to absorb rate increases of between 3 and 5 percent, David Carson, head underwriter at Pioneer Cat, a London-based managing general agent, told APCIA Today. 20 October 2019
Insurance
US mortgage business Freddie Mac wants more reinsurers to embrace its credit risk transfer programme
Freddie Mac, the US-government sponsored enterprise (GSE) that provides liquidity to the US mortgage markets by buying mortgages from lenders, anticipates that its credit risk transfer (CRT) programme will continue to grow steadily—and 2020 could be one of its biggest years yet. 20 October 2019
Insurance
The number of complaints about motor and transport insurance fell 10% to 248,460 in the first half of 2019, down from 277, 363 from the second half of last year, according to the Financial Conduct Authority. 18 October 2019
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