Lloyd’s of London: Future risks. Skip to navigationSkip to content All the benefits of a standard digital subscription plus: ePaper - the digital replica of the printed newspaper Full access to Lex - our agenda setting daily commentary Exclusive emails, including a weekly correspondence from our editor, Lionel Barber Full access to EM Squared - data-driven news and analysis service on emerging markets Unlimited access to all FT.com articles and blogs on desktop, mobile and tablet access Personalised email briefings by industry, columnist or sector Portfolio tools to help you manage your investments Fast FT - market-moving news and views, 24 hours a day For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news * Terms and conditions apply Other subscription options.
How mobile is transforming insurance. The “anytime, anywhere” interactions that mobile enables are allowing a new level of intimacy in the insurer-policyholder relationship with the potential to change the insurance game.
This research programme, sponsored by SAP, explores how insurers can become trusted partners that provide valuable new services that help policyholders identify and assess risks as well as gain protection tailored to their individual needs. Key findings include: 62% of insurance executives believe mobile has unique capabilities with the potential to change the insurance business76%-87% of consumers express concern about mobile data privacy and security. Insurance Industry Shows 'Profound Lack Of Preparedness' For Climate Risks. Driving returns. Report Summary In June and July 2014 The Economist Intelligence Unit, on behalf of BlackRock, surveyed senior executives from insurance and reinsurance companies around the world to understand how they were responding to the pressures their fixed income portfolios are under, and how they viewed private market asset classes such as real estate and infrastructure as an investment opportunity.
Key findings Insurers are worried most about the risks posed by uncertainty over economic growth, inflation and interest rates.Duration risk is set to replace book yield as the top concern in fixed income for insurers.Absolute return is becoming more important as a key measure of performance for fixed income portfolios. One in three insurers intends to increase risk exposure over the next three years. Private asset classes are becoming crucial to insurers’ diversification strategy.Barriers to investing in private assets remain high for insurers. Lloyd’s to proactively embrace reinsurance convergence trend. Will Lloyd’s look to embrace third-party reinsurance capital? Comments made two days ago by the leadership at the Lloyd’s of London insurance and reinsurance market, when announcing its annual results, may suggest that it is set to become more accommodating to capital from new sources and new markets.
Lloyd’s announced its annual results yesterday morning, demonstrating a very strong year in 2013 but, at the same time acknowledging that pressure and competition from both traditional and alternative sources of reinsurance capital remains high and may intensify as we move through 2014. GlobalReinsuranceSegmentReview.pdf. Reinsurance-2020.pdf. Fitch-global-reinsurance-guide-2014-with-links.pdf. Capital market threat could be reinsurance game-changer: A.M. Best. The latest report on the global reinsurance sector from rating agency A.M.
Best suggests that the market may be at an apex point, with the only way being down as the impact of recent trends including the capital markets threatens to be game-changing. A.M. PowerPoint Presentation - 10TonyGallagher.pdf. The Latest Legal News, Research and Legal Profiles - Who's Who Legal. While natural catastrophes have resulted in incredibly high insured losses for the global insurance and reinsurance market, it has not been all doom and gloom for practitioners.
Regulatory, transactional and contentious experts have all been in demand over the past year, in what has been described as an “interesting market”. A greater number of specialist firms are recognised in our research than in the previous edition, as well as practitioners from several new jurisdictions. There is the potential for further changes to the legal market in the near future as more US firms are setting up shop in London to cater to clients’ European needs, as well as increased interest from international firms in the Asia market. Levels of activity – disputes Practitioners across the regulatory, transactional and disputes field have overall reported on a busy year although there have been some interesting developments. Alternative capital continues to transform reinsurance sector: Guy Carpenter. The ongoing influx of alternative capital is continuing to have a profound effect on the traditional reinsurance sector, according to a report issued Tuesday by reinsurance brokerage Guy Carpenter & Co.
L.L.C. Over the past 24 months, roughly $20 billion has entered the reinsurance market through a combination of insurance-linked securities, specialist funds, sidecars and the creation of hedge-fund related reinsurance companies and collateralized reinsurance vehicles, leading to significant change, Guy Carpenter said in “Reinsurance: The Capital Markets Evolution Continues.” Video: Reinsurance Trends in Asia Pacific, Middle East, Turkey, and Africa. In this interview Maurice Williams, who is Managing Director of Willis Re for Asia Pacific, Middle East, Turkey and Africa (APMETA), outlines the dynamics driving the reinsurance markets in those regions.
He says: “The key market dynamics within the reinsurance world of APMETA, which are emerging markets essentially, are driven by underlying economic growth that is considerably faster than we’re seeing in the developed world. Investors see far more opportunities for the future in emerging markets. The attraction of future growth opportunities means that traditional reinsurers are moving in, in substantial numbers.” While APMETA regions offer many opportunities, Williams acknowledges that there are also potential pitfalls.
He says: “We have seen the dangers of not having enough data to measure your exposures accurately, in events such as the Thailand floods.” SPGRH2013.pdf. Reinsurance Webinar (2014-08-21).pdf. Harrismartin-article-17546.pdf. Reinsurance in the CIS - the main trends and forecasts for 2014. Trends in Reinsurance and Alternative Forms of Capital. Reinsurance at Crossroads As New Factors Sweep Away Old Habits. Part I – The Market in the Developed Economies A significant number of reinsurance treaties were renewed this month, heavily concentrated in property catastrophe coverage.
It’s become apparent, however, that this market, for a number of reasons, has seen changes that have set it on new paths and perhaps into uncharted waters. Analyzing why this has occurred is complicated, as each factor involved impends on all the others.