Property Claim Services

Blockchain: Getting Smarter than Smart Contracts

Admittedly, my interest in blockchain has been fairly narrow. Given the role of PCS® in the global industry loss warranty (ILW) market, I’ve been particularly focused on how blockchain-enabled smart contracts could benefit the reinsurance and insurance-linked securities (ILS) market.

Will Catastrophe Bonds Experience a “Retail Revolution”?

During a track at the IFoA Asia Conference 2018 last week, a speaker laid out a “future state” vision that included access to insurance-linked securities (ILS)—or at least some version of ILS—for retail investors.

September 2017 Preview: Historical Catastrophe Activity

Since 2007, PCS® has designated 25 events in the month of September, totaling 2.5 million in estimated losses or approximately $20.6 billion.

August 2017 Preview: Historical Catastrophe Activity

The National Hurricane Center says a named storm forms in the Atlantic Basin in June once every other year.

July 2017 Preview: Historical Catastrophe Activity

From 2007-2016, PCS designated 33 catastrophic events in this month-- resulting in total insured losses of roughly $9.7 billion.

March 2017 Preview: Historical Catastrophe Activity

Since 2007, the average catastrophe frequency for the month of March is 3.2 events, with 220,000 claims generating $1.4 billion in industry losses.

February 2017 Preview: Historical Catastrophe Activity

It’s midwinter in the Northern Hemisphere, and we’re looking ahead to February with a review of historical catastrophe activity.

January 2017 Preview: Historical Catastrophe Activity

With winter on its way, we look ahead to January cat event risks. Catastropic January storms since 2007 have caused nearly $5.9 billion in insured losses.

December 2016 Preview: Historical Catastrophe Activity

The 2016 hurricane season ended November 30 with two PCS® catastrophe designations from Atlantic Basin hurricanes that made landfall in the United States.

November 2016 Preview: Historical Catastrophe Activity

The 2016 hurricane season will come to an end on November 30. So far this year, two catastrophes have been designated as tropical events.