Reinsurance

September 2016 Preview: Historical Catastrophe Activity

Traditionally, the Atlantic hurricane season runs from June 1 to November 30. While forecasters have predicted a relatively normal hurricane season for this year, there have been five named storms in the Atlantic thus...

PCS Terror Index: What You Need to Know

Unfortunately, 2016 has been an active year for terror. Year to date, two incidents in the United States have led to 49 fatalities. Turkey has suffered more than the recent attempted coup d’etat and Ataturk airport...

August 2016 Preview: Historical Catastrophe Activity

Traditionally, hurricane season runs from June 1 to November 30. While forecasters have generally predicted a near-normal hurricane season for this year, there have been a small number of unusual storms thus far....

July 2016 Preview: Historical Catastrophe Activity

Taking a look at significant weather activity in 2016 to date, we saw a rare January hurricane, Alex, as well as Tropical Storm Bonnie in May. June started the Atlantic hurricane season. In that month, Tropical Storm...

June 2016 Preview: Historical Catastrophe Activity

The Atlantic hurricane season runs from June 1 to November 30. Although forecasters predict average activity for this year, we’ve already experienced the first tropical event of the season, Hurricane Alex—unusual...

PCS Commercial Lines Catastrophe Planning and Response Report is released

Property Claim Services ® (PCS ® ) has published a new benchmarking study, the PCS Commercial Lines Catastrophe Claims Planning and Response Report . This report details results of a survey of industry participants on...

May 2016 Preview: Historical Catastrophe Activity

To the U.S. insurance industry, the month of May signals that hurricane season is right around the corner—with claims teams preparing for an unpredictable next few months. Significant catastrophe activity has occurred...

Blockchain, IoT, and Streamlined Claim Handling

At the Uniglobal Insurance Claims Management Conference, I heard a lot of doom and gloom about the future of claim handling—and the future of the insurance industry in general. New business models are poised to enter...

Top ILS Market Trends: Q1 2016

We’ve put another record-setting quarter  for catastrophe bond issuance behind us, with $2 billion in fresh capital coming to market. In some ways, the first quarter of 2016 offered more of the same, with no first-tim...

Blockchain, Smart Contracts, and Index Triggers: Count the Frictional Costs As They Disappear

Is the insurance industry watching developments in blockchain  technology? Some of our folks in the market are, but it’s pretty clear to me that the focus is the other way around. The blockchain community has its eye ...