Category Archives: Reinsurance

Digital technology, big data and the mutual sector

Mutual and cooperative insurers have justifiable pride in the high levels of service they offer to their members. But, with improved and deeper customer relationships being a key focus for the commercial sector’s application of technology, should they be taking … Continue reading →

The 2017 hurricane season: Will it transform the energy insurance markets?

In the aftermath of hurricanes Harvey and Irma, the thoughts of our colleagues in the energy sector and insurance market are quite rightly directed towards the human tragedy that’s unfolding as new details of the death and destruction wrought by … Continue reading →

Avoid a reporting crisis: Useful tips – part 3

Having gone to the time and trouble of identifying and following through on objectives that help transform reporting processes, the last thing companies want, or can afford, is to miss out on the longer-term efficiencies and payback. As anyone who … Continue reading →

Deadly Hurricane Irma continues towards Florida

Sitting in a conference hall at Columbia University seems far away from violence and destruction being caused by Major Hurricane Irma. However, this conference (The Workshop on Atlantic Climate Variability – Dynamics, Prediction and Hurricane Risk) hosts some of the … Continue reading →

Peak hurricane season is approaching. What can we expect?

Two months of 2017 Atlantic Hurricane season down, four more to go. With the peak of this year’s hurricane season yet to pass, so far we have seen seven named storms. None of these storms have become hurricanes, but echoes … Continue reading →

Multi-patient losses create real financial challenges for medical professional insurers

Recent headlines have confirmed that health care providers are increasingly being held liable for multiple patient injuries and deaths, an issue previously highlighted in research by Willis Re. Since our initial blog following the conviction of breast surgeon Ian Paterson, reports … Continue reading →

Avoid a reporting crisis: Useful tips – Part 2

Implementing reporting process transformation has to be a multi-discipline, collaborative exercise. Continuing our recent series of blog posts on the driving forces behind reporting process transformation in European insurance companies and some tips for achieving it, we move on to … Continue reading →

Highlights from the ACORD Insurance Innovation Challenge (Semifinals)

Those who deal with insurance or reinsurance, and even those removed from it, are immediately aware of how far behind the industry is in terms of the technology that is used to support and facilitate the companies working in this … Continue reading →

Threat vs opportunity? InsurTech is largely a matter of perspective

Regarding InsurTech from a ‘them’ and ‘us’ standpoint increasingly misses the point. It’s understandable that many insurers have perceived InsurTech as a threat to the value chain. Yet the biggest threat lies not in technology itself, but in competitors of … Continue reading →

Solvency II makes M&A harder – Educated guesswork isn’t good enough

Sellers of life insurance portfolios have to meet buyers’ growing expectations for understanding the capital implications of a transaction in advance of a deal. Two overriding issues have shaped mergers and acquisition (M&A) activity in the European life insurance market … Continue reading →