Aon Benfield, the global reinsurance intermediary and capital adviser of Aon plc, has launched ReMetrica Version 7.0 – its next generation platform for risk and capital modeling. Following Solvency II and equivalent regulation, insurers are demanding more value from their …
If Mike McGavick is right, the business world will soon be carrying the equivalent of a massive data base in a cell phone. Technology has moved so rapidly that not only the insurance industry, but also business in general, is …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced the launch of version 6 of ReMetrica – its dynamic financial analysis tool. The bulletin said it would “reduce model size by up to 95 percent, when …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that it has launched “ELEMENTS 7, the loss calculation platform from Impact Forecasting, which enables insurers to more easily customize catastrophe models.” The bulletin explained that the …
New research from the Willis Research Network (WRN) addresses scientific forecasts that “global warming is likely to lead to stronger tropical cyclones, but also that the overall global frequency of tropical storms and hurricanes is likely to decrease.” WRN’s report …
Hiscox Bermuda has appointed Dr. Michael Palmer as Head of Analytics and Research for the group’s Bermuda operation. He will report to Damien Smith, Hiscox Bermuda’s Underwriting Director, and “will take responsibility for the analytics team in Bermuda, helping to …
“Rate increases in the North American and International reinsurance markets are due to modest losses and poor results – not a hardening market,” according to a newly release report from Willis Re, the reinsurance arm of Willis Group Holdings. The …
“We need information that can only be gained directly from our clients,” said Hans-Joachim Guenther, Chief Underwriting officer of Endurance Specialty Holdings for Europe and the Asia-Pacific region. In an interview at the Reinsurance Rendezvous he gave some of the …
Solvency II, the European Union’s imminent imposition of new and more sophisticated risk based regulation of its insurers, may not be the only elephant in the room It is, however the main focus of a great deal of activity within …
The European insurance industry is becoming increasingly aware that the Solvency II regulations, which are scheduled to take effect as of January 1, 2013, will not only impose a different set of rules for the industry, but could also fundamentally …
