Cat bond fund size matters, but bigger isn’t always better: Plenum’s Schmelzer
When it comes to constructing a catastrophe bond fund it is important to consider market limitations, in terms of size and the availability of diversification. Given the cat bond market is only so large, there is a point at which growth in fund assets can come at the expense of returns, according to Plenum Investments […]
Timing more important than tenure for ILS investors: Lane at ILS Asia
While it’s not essential to invest in the insurance-linked securities (ILS) asset class for decades to achieve expected returns, it is important that investors time their entry into the space, according to Morton Lane, President, Lane Financial LLC and Director, MSFE Program, The University of Illinois in Urbana-Champaign. As part of our virtual ILS Asia […]
Agricultural Impacts of Flooding in Henan, China
The record rainfall that hit the province of Henan in China the week of July 19 caused extensive flooding that led to mass displacement and casualties. Some reports provided estimated impacts to the agricultural sector. Here, we put those estimates into context for the agricultural insurance market in China. FULL PUBLICATION HERE
Российские аграрии потеряли миллиарды из-за погоды
В российских регионах, в которых был объявлен режим чрезвычайной ситуации (ЧС) из-за потерь в сельском хозяйстве, было застраховано более полутора миллионов гектаров посевов, пишет «Коммерсантъ» со ссылкой на данные Национального союза агростраховщиков (НСА). Всего с ЧС на фоне экстремальных погодных условий, засух и других природных бедствий к моменту подготовки оценок столкнулись 13 субъектов, в девяти […]
Germany & China see costliest disaster losses ever from July flooding: Aon
Both Germany and China have experienced their most costly insured natural disaster loss events in history in July, with both largely related to the impacts of devastating flooding, according to insurance and reinsurance broker Aon. Germany is expected to face around US $20 billion in economic losses, while across Europe the July flood event is […]
As ESG transparency factors into renewals, what does that mean for ILS?
Broking powerhouse Aon has highlighted that environmental, social and governance (ESG) transparency is increasingly a factor in commercial and business insurance renewals, which suggests this will eventually cascade to reinsurance and retrocession renewals as well. Commenting specifically on insurance renewals, Aon explains that ESG transparency is increasingly demanded of protection buyers, as major insurers become […]
В России проработают меры обязательного страхования в районах с рисками ЧС
Правительство России к ноябрю проработает предложения о целесообразности обязательного страхования граждан в районах с высокими рисками возникновения чрезвычайных ситуаций. Соответствующий пункт содержится в списке поручений по результатам совещания о ликвидации последствий ЧС на Дальнем Востоке, опубликованном на сайте кабмина. «Представить предложения о целесообразности использования комплексного механизма обязательного страхования имущества физических и юридических лиц, а также жизни и здоровья […]
ESG credentials of ILS attracting new investors & issuers: John Seo, Fermat
The environmental, social and governance (ESG) credentials of the insurance-linked securities (ILS) market have become a key driver for issuance activity, according to John Seo of Fermat Capital Management, LLC. The insurance-linked securities (ILS) asset class has experienced positive momentum and growth over the last year, with catastrophe bonds one area that has experienced particularly […]
China urges focus on disaster insurance product development
The Chinese government via its regulator has urged its insurance and reinsurance industry to focus on developing new products for disaster risk transfer and to help in covering more of the natural catastrophe risk in the country, given the current evident protection gap that exists. Recent flooding in Henan province in China has provided yet […]
Lloyd’s calls for re/insurance, investor & Gov work on disaster risk financing
The Lloyd’s insurance and reinsurance market has put out a call for a coordinated effort to enhance the disaster resilience of developing and developed economies, by bringing together the re/insurance sector with investors and governments to create new financial solutions. Lloyd’s launched a new report today called Insuring a sustainable, greener future, which it says […]