Posts Tagged ‘Casualty’



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

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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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July 31st, 2017

Disruptive Forces Redefining the Role of Insurance: Part II

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Victoria Carter, Vice Chairman, Global Strategic Advisory

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In our previous post we discussed three major disruptive trends driving change in the global economy. The world’s ageing population is causing the fourth disruptive phenomenon. For example, as Europeans’ lifespans increase and they have fewer children, the share of people aged 65 and older is projected to double from 16 percent in 2005 to 30 percent in 2050. Simultaneously, the most economically active age group (25- to 64-year olds) in Europe is projected to decline to less than half the population by 2050. These trends may pressure society’s ability to fund the increasing costs of retirement and healthcare for the elderly.

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July 27th, 2017

Disruptive Forces Redefining the Role of Insurance: Part I

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Victoria Carter, Vice Chairman, Global Strategic Advisory

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Fundamental disruptive forces are driving monumental changes in the global economy at an unprecedented rate. These forces compel the (re)insurance industry to adjust to the new reality and capitalize on the opportunities created.

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July 26th, 2017

Public Sector Risk Financing Perspectives – Pandemic Risk: Part II

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Cory Anger, Global Head of ILS Structuring, GC Securities*

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As investors become comfortable with pandemic risk, alternative capital is beginning to pivot its capacity to providing more action oriented pandemic protection during the beginning or ongoing phases of a pandemic (1) rather than focusing solely on replenishing capital post-event. Alternative capital also has the ability to provide multi-year protection when interim response structures are important for governmental organizations such as development banks, health organizations and sovereigns, to rapidly manage the needed monetary support. The goal is to contain and mitigate epidemics at their origin and prevent their potential global migration. The migration may impact key industries (tourism, hotels and transportation) and government budgets.

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July 25th, 2017

Public Sector Risk Financing Perspectives – Pandemic Risk: Part I

Posted at 1:00 AM ET

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Cory Anger, Global Head of ILS Structuring, GC Securities*

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Public entities’ use of capital markets-based risk transfer capacity for the assumption of natural disaster losses, such as the cost of emergency relief and infrastructure and property damage has demonstrated success in de-risking public sector balance sheets. Capital markets innovators are beginning to leverage the outcomes achieved in the natural disaster sphere to other types of public sector severity losses, notably pandemic diseases. The capital markets may help fund resources to rapidly contain the spread of a pandemic, share the burden of associated medical expenses and/or manage the financial impact of the higher mortality rates.

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