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How Reinsurers Can Prepare for IFRS17 While Adapting to the ‘New Normal’

[fa icon="calendar'] 06-May-2021 10:08:22 / by Ray Johnston posted in Insurance, Reinsurance

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As the UK prepares to gradually reopen the economy over the coming weeks, all eyes now turn to how the (re)insurance industry will adapt to the ‘new normal ‘. While companies remain divided over whether the recent trend of homeworking will continue (HSBC boss Noel Quinn scraps executive floor at London HQ), two points remain clear:

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3 things that are and will continue to affect the (Re) Insurance Market – and how

[fa icon="calendar'] 14-Mar-2018 15:33:29 / by Dave Connors posted in Insurance, Reinsurance, Blog, Digitalisation, Operational Efficiency, Insurtech

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We were recently asked – what 3 things do you think are affecting/will affect the reinsurance industry from a technology perspective? 

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Recap: Monte Carlo Rendezvous 2017

[fa icon="calendar'] 22-Sep-2017 15:16:33 / by Rebecca Oliver posted in Insurance, Reinsurance

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As the 61st Monte Carlo Rendezvous comes to a close and the principality which the (Re)Insurance industry, for a few days claims as home, bids farewell for another year, it is an opportunity to reflect on why the Rendez-vous (RVS) after all this time is still relevant and an important event in the (re)insurance calendar. 

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From “the Blockchain” to “distributed ledger technology” – the direction of travel for insurance

[fa icon="calendar'] 18-Jul-2017 11:51:19 / by Dave Connors posted in Insurance, London Market, Reinsurance, Blog, Blockchain

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It's customary in any discussion of Blockchain to assert that there will definitely be a change to the insurance industry. We then go on to state a number of use cases unrelated or tangential to insurance (Land Title Registry, Fine Arts Ownership and Imogen Heap are the usual suspects). But the B3i initiative and other similar ventures are, at last, giving the insurance industry real examples to consider.

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Brexit and the insurance industry 1 year on...

[fa icon="calendar'] 05-Jul-2017 13:11:47 / by Dee Tshuma posted in Insurance, Reinsurance, Blog, Brexit, europe

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Here we are now - a year has passed since the Referendum and Article 50 was triggered in March by Mrs May.  It took some time but we got there eventually – a recurrent statement, used by many throughout the process, was the phrase “We have to respect the will of the people.” In this case, democracy means Brexit, and whichever side you sit on this: Patriotic or Pro EU; the show must go on!

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Modernisation

[fa icon="calendar'] 16-Jun-2017 07:36:22 / by Rebecca Oliver posted in Insurance, Reinsurance, Blog, Artificial Intelligence, modernisation, IT, legacy systems, change

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As computers have taken over the workplace, the insurance industry, along with others, now relies upon them for the basic day to day business functions. Initially, organisations began to build new systems upon existing legacy systems as processes and software evolved, but now it seems that these legacy systems may not be up to the job.

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The InsiderTech Conference London 2017

[fa icon="calendar'] 09-Jun-2017 15:34:17 / by Dave Connors posted in Insider, Insurance, Reinsurance, Blog, ILS, Insuretech, insidertech

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I recently had the pleasure of joining colleagues from across the world of insurance, technology and risk capital in attending the Insider Conference on InsurTech.

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Artificial Intelligence, Blockchain and Deep Learning

[fa icon="calendar'] 25-Apr-2017 15:51:45 / by Kevin Richmond posted in Insurance, Reinsurance, Blog, Blockchain, Artificial Intelligence, Deep Learning

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 It is no secret that the traditional (re)insurance firms have a reputation of reluctance to adopt and adapt to new technologies.  However, here we are, in the 21st century and technology is shaping as well as transforming our whole world and fast, and it does not intend to slow down for anyone.

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Employee Benefits – what’s in store for 2017?

[fa icon="calendar'] 21-Mar-2017 16:15:38 / by Kevin Richmond posted in Insurance, Captives, Reinsurance, Blog, Solvency II

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2016 was a challenging year for captives with much attention being placed on Solvency II, BEP’s and Employee Benefits (EB). Now 2017 is in full swing, it is clear to see that last year’s three hot topics are going to continue as trends in the market for the foreseeable future.

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BEPS – International Tax Compliance for Captives - and their Parent Companies

[fa icon="calendar'] 25-Aug-2016 09:32:15 / by Richard Boutcher posted in Insurance, Captives, Reinsurance, Blog, ILS, Regulation, Legislation, Tax, BEPs

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The OECD BEPS (Base Erosion and Profit Shifting) strategy 2015 is currently being rolled out globally. With many corporations in a preparation phase, the impact on the captive insurance market is starting to cause concern. 

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The aftermath of the referendum vote – what Brexit means so far.

[fa icon="calendar'] 01-Aug-2016 11:36:49 / by Kevin Richmond posted in Insurance, Banking, Reinsurance, Blog, Brexit

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Two recent articles in the Guardian, both covering the post Brexit situation, got me thinking about the impact so far of the referendum vote.

One of the authors represented the view that “the FTSE has shrugged off a quick post referendum dip” and is now stronger than ever and that the drop in the value of the British pound represents an opportunity for more exports.

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A perfect storm

[fa icon="calendar'] 08-Jul-2016 11:10:34 / by Richard Boutcher posted in Insurance, Reinsurance, ILS

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Man-made disasters, NAT-CAT, Reinsurance, ILS and Collateralised Reinsurance – how does all of this fit together?

There is no denying a constantly increasing trend of man-made disasters and NAT-CAT events both in frequency and severity. This can be seen in the charts taken from Swiss Re’s SIGMA 01/2016 publication for the year end 2015.

 

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