News
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
Insurance
Everyone is talking about insurtech, but apart from its being a useful portmanteau term, does the reality live up to the hype that surrounds it? Intelligent Insurer asks those in the know. 18 October 2019
Insurance
Blockchain should be viewed as a “team sport” by the risk-transfer industry as opposed to a specific technology; more a way of connecting companies and people and gaining efficiencies. 18 October 2019
News
As reinsurers and buyers begin their annual negotiations leading to the year-end renewal, there seems to be a consensus that the losses of recent years will lead to rate increases as long as this applies to those other buyers, as Intelligent Insurer finds. 17 October 2019
Insurance
More life insurance businesses are starting up than general insurance (GI) businesses, according to analysis by Policy Expert, the digital home insurer. 17 October 2019
Insurance
London-based insurance start-up Dinghy has announced the appointment of Dorian Zanker as chief executive as part of its strategy to accelerate its growth in the UK and international freelancer business insurance market. 17 October 2019
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