by AIP Online Bureau | Apr 3, 2023 | International News, Non-Life, Reinsurance
“Despite this more uniform and global approach, a client-led underwriting process remained evident. Clients and markets who had seen significant price increases and tightening of reinsurance conditions in recent years consequently experienced more measured...
by AIP Online Bureau | Jan 25, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
The Open Exposure Data Standard will also lower barriers of entry for model developers – including commercial vendors, third-party data providers and academia and other research institutions. Initial testing on reinsurance placement data for Japan, Australia and China...
by AIP Online Bureau | Jan 6, 2023 | Eco/Invest/Demography, Non-Life, Reinsurance
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk insurance rates, industry sources said The Black Sea is crucial for the shipment of grain, oil and oil products....
by AIP Online Bureau | Jan 4, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
Aviation reinsurance rates, heavily impacted by hundreds of stranded aircraft in Russia, rose by as much as 200%, Gallagher Re said. “The sector is experiencing its most acute, cyclical price increases since the 2001-2006 period, if not before,” said David Flandro,...
by AIP Online Bureau | Dec 16, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Hannover Re and Munich Re are among reinsurers who have warned that they will cease to underwrite any kind of risks — even indirect ones — related to the conflict in Ukraine from the start of next year, according to people familiar with the matter. The major German...
