Summer 2022 cohort of our course has passed the qualification exam
Our sincere congratulations to the 4th cohort: Timothy Nielander, Shib Shankar Saha, Suguru Fujita, Richard Griffiths, Dewald Cillie, on obtaining “Certified ILS specialist” qualification with impressive average pass ratio of 92% at the exam. Kirill & Toby
Super typhoon Noru a potential threat to Philippines catastrophe bond
In the space of just 24 hours, typhoon Noru has explosively intensified into super typhoon Noru as it approaches the Philippines and now packing sustained winds of more than 150 mph the storm is a potential threat to the countries World Bank facilitated catastrophe bond. Meteorologists have been surprised by super typhoon Noru, which is […]
Mexico shows intent with $250m catastrophe insurance renewal
In a positive signal for the continuing use of private insurance and reinsurance capital to support the country’s natural disaster and catastrophe insurance needs, the Mexican government has renewed a $250 million layer of traditional catastrophe protection. As part of the government’s economic plans for 2023, the Mexico Ministry of Finance and Public Credit explained […]
Singapore’s capital market focus for re/insurance development continues
The government of Singapore continues to look to the capital markets to push the boundaries in developing its insurance and reinsurance market, with an ambition to further develop the ability of the sector to tap capital market appetite for risk. In revealing a new growth strategy for the Singapore financial services industry, the Monetary Authority […]
Typhoon Nanmadol not expected to trigger catastrophe bonds: Plenum
Typhoon Nanmadol’s impacts in Japan are not expected to result in insurance and reinsurance market losses high enough to trouble any catastrophe bonds, according to Plenum Investments. Typhoon Nanmadol continues to affect Japan with heavy rain and its winds caused damage across a relatively wide swathe of the south west of the country. However, as […]
Focus on the ‘resilience gap’
The industry should talk about the ‘resilience gap’ rather than the protection gap, says UN Development Program advisor Daniel Stander. The insurance industry will never be able to entirely close the protection gap—and the same is true for the public sector. That’s why the United Nations Development Program’s (UNDP) senior advisor Daniel Stander believes the […]
African Risk Capacity Presents Award
The Bermuda Business Development Agency [BDA] said they were pleased to facilitate an important dialogue and award presentation between the board of directors of African Risk Capacity Limited [ARC Ltd.] and Bermuda’s Deputy Premier. A spokesperson said, “To recognise the formation of ARC Ltd. being formed in Bermuda ten years ago, ARC Ltd.’s board of […]
Reinsurers divided on natural catastrophe risk: S&P
S&P Global Ratings has said that global reinsurers are parting ways on natural catastrophe risk, with half growing their exposure in this area over the course of the year. Meanwhile, the S&P said that the remainder are taking a more cautious and defensive stance by reducing their exposure. The firm said that this divergence in […]
Climate change stimulates catastrophe bond market development: Fitch
In a new report, rating agency Fitch states that climate change is stimulating the development of the catastrophe bond market, as demand for protection rises and the capital markets offers an efficient source of reinsurance against climate-linked catastrophe events. While the reinsurance market is facing challenges from macro-economic factors such as inflation, a persistent threat […]
African Risk Capacity (ARC) seeks cost-efficiency and capacity
The African Risk Capacity (ARC), a provider of parametric disaster insurance products to countries and now other entities in Africa, wants to become the continent’s disaster risk financing provider of choice, but increasing its capacity and lowering-costs for country members remains key. Efficiency has always been important for the African Risk Capacity (ARC), particularly in […]
