Reinsurance Pricing Technology That Works During Hard and Soft Markets November 9, 2021 By L.S. Howard Sean Bourgeois, the chief executive officer of Tremor, often hears people say that his company’s reinsurance price optimization technology works...
Why Reinsurance Prices Are Wrong—and How to Fix Them November 9, 2021 By L.S. Howard Each reinsurance renewal season sees brokers feverishly chasing down the best premium prices in the market. Frequently, when the panel...
AIG Europe’s Chief Executive Expects Slowdown in Insurance Rate Rises November 5, 2021 Insurance premium rates are likely to continue to climb in Europe, the Middle East and Africa in 2022, but probably...
Bermuda’s Tax Advantage for Re/Insurers to Be Cut With 15% Global Minimum Tax: Fitch October 22, 2021 Bermuda’s advantageous tax status for the re/insurance industry will be reduced at the margin with the expected passage of the...
Re/Insurers Need a Data Strategy to Build Underwriting Transformation Programs October 20, 2021 By Sachin Kulkarni Years of low interest rates and burgeoning catastrophe losses have accelerated the hardening of the reinsurance market, as the January...
Reinsurer Natural Disaster Losses to Exceed Budget Expectations for 5th Year: S&P October 15, 2021 For the fifth consecutive year, insured losses from natural catastrophes are expected to be at or above global reinsurers’ budget...
Everest Re, AXIS Capital Estimate Costs of Q3 Natural Catastrophe Losses October 15, 2021 Everest Re Group Ltd. and AXIS Capital announced their preliminary third quarter 2021 catastrophe losses. In advance of its full...
RenaissanceRe and Arch Capital Estimate Impact of Q3 Natural Catastrophes October 13, 2021 RenaissanceRe Holdings Ltd. estimated losses from certain catastrophe events will have a net negative impact of approximately $725 million on...
Re/Insurance Cyber Rates Could Double Before 2023, as Attacks Skyrocket: S&P September 30, 2021 By L.S. Howard The pandemic caused economic and insured losses from cyber attacks to skyrocket, which has heightened awareness of the risk and...
Global Reinsurers Could Be Greatly Underestimating Exposure to Climate Risk: S&P September 24, 2021 Reinsurers’ estimates of their exposure to natural catastrophe risk could be underestimated by 33%-50%, according to a report published by...