Archive for the ‘Property’ Category



August 21st, 2017

Cat Modelling Challenges in Europe: Part I

Posted at 1:00 AM ET

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Mark Weatherhead, Head of Model Development - International

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2016 marked the 60th year of the Monte Carlo Rendez-Vous. Since the first event in 1957 the insurance world has changed significantly, with economic and insured losses from natural catastrophes such as floods and hurricanes increasing dramatically.

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August 17th, 2017

The Insurance Of Things & Industry 4.0 – A Matrix View: Part III: Business Interruption Following Non-Physical Damage

Posted at 1:00 AM ET

morley-speed-small22Morley Speed, Managing Director

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Column D (below) outlines the areas in which cyber insurance would be expected to operate. However, to date, the cover has focused on data breaches rather than business interruption (BI) arising from disruption of industrial control systems.

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August 16th, 2017

The Insurance Of Things & Industry 4.0 – A Matrix View: Part II

Posted at 1:00 AM ET

morley-speed-small21Morley Speed, Managing Director

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Broadly speaking, the material world is covered by the property line and the virtual world by the cyber line. However, the demarcation is not absolutely clear, resulting in some overlaps in cover but also, more worryingly, some gaps in cover.

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August 15th, 2017

The Insurance Of Things & Industry 4.0 – A Matrix View: Part I

Posted at 1:00 AM ET

morley-speed-small2Morley Speed, Managing Director

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Technological progress and the accumulation of assets have not only stimulated the development of insurance products; they have in turn been nurtured by the availability of these offerings.

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August 14th, 2017

Insurtech in China: Revolutionizing the Insurance Industry: Part III: Risks and Uncertainties Facing the Insurtech Industry

Posted at 1:00 AM ET

cliff-sheng-portrait-sm3Cliff Sheng, Partner and Head of Financial Services, Greater China, Oliver Wyman

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Notwithstanding the tremendous scope and opportunity for certain simple products — such as travel insurance and shipping return insurance — in the Chinese insurtech market, several products such as auto insurance and universal life insurance face uncertainties owing to the following four factors:

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August 10th, 2017

Insurtech in China: Revolutionizing the Insurance Industry: Part II: Insurtech Makes Gains

Posted at 1:00 AM ET

cliff-sheng-portrait-sm1Cliff Sheng, Partner and Head of Financial Services, Greater China, Oliver Wyman

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Insurtech is revolutionizing the insurance industry by bringing disruptive products and services to a market that is fast adopting, and increasingly moving toward, an online ecosystem. The market is also seeing a surge in the number of people who are aware of and are starting to understand the benefits of insurance.

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August 9th, 2017

Insurtech in China: Revolutionizing the Insurance Industry: Part I

Posted at 1:00 AM ET

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Cliff Sheng, Partner and Head of Financial Services, Greater China, Oliver Wyman

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China’s capital markets aren’t yet mature enough to support financial innovation; meanwhile, existing state-owned financial institutions are not reforming quickly enough. This gap in supply has provided opportunities for Chinese fintech players — who are being supported by rapidly growing online ecosystems and a tech-savvy population — in diverse fields ranging from investing to payments.

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August 8th, 2017

Public Sector Risk Financing Perspectives in Europe/Middle East/Africa: Part IV: Closing the Protection Gap

Posted at 1:00 AM ET

whitmore_charles_photo-sm4Charles Whitmore, Managing Director

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These trends are likely to support broader product offerings and greater market stability around which the private sector may close the protection gap in EMEA and in other regions:

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August 7th, 2017

Public Sector Risk Financing Perspectives in Europe/Middle East/Africa: Part III: Highlights of Recent Public Sector Initiatives

Posted at 1:00 AM ET

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Charles Whitmore, Managing Director

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Following years of planning by the insurance Industry and negotiation with a wide group of stakeholders including the government, Prudential Regulatory Authority (PRA), the Financial Conduct Authority (FCA) and others, Flood Re launched in April 2016. The overarching aim of the market-based scheme is to ensure better access to more affordable household insurance for those in high flood risk areas.

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August 4th, 2017

GC Securities Completes First Listed P&C Cat Bond Issued by World Bank International Bank for Reconstruction & Development’s Capital-at-Risk Program

Posted at 5:30 AM ET

GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the placement of a catastrophe bond benefitting the government of Mexico’s Fund for Natural Disasters (FONDEN). The $360,000,000, three-class catastrophe bond is issued by the International Bank for Reconstruction and Development (”World Bank” or “IBRD”), and represents the first listed property and catastrophe bond issued under its Capital-at-Risk notes program.

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