Of Special Interest


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27th February 2022

Newslink Global Insurance Trends-Editor's Weekly Highlights

This week, Munich Re, SCOR and Swiss Re all reported strong 2021 financials. Hannover Re announced it had transferred altogether 11 catastrophe bonds with a record volume of $2.7bn(previous year: $1.6bn) to the capital market for its clients in 2021.
European insurers raised concerns about aspects of EIOPA’s climate change ORSA guidance. Insurance Europe also published its response to a consultation by the European Commission(EC) on its proposals regarding corporate reporting and its enforcement. DWF commented on the UK plan to reform Solvency II.
Strong interest in innovative new insurance solutions from consumers is overshadowed by poor communication and engagement from carriers, according to key benchmark survey of 2,000 global consumer published by Duck Creek. DQPro announced a further release of its market standard in collaboration with London Market carriers, Euler Hermes and Cofarco reported the binding of the first policy through Dialogue Exchange, and Prima Solutions opened a London office to distribute Prima XL reinsurance software to the Lloyd’s, UK and Irish Markets. In its 2021 EMEA-wide Life Financial Modelling Survey, WTW revealed that many life insurers are under significant pressure from regulators and management to improve their financial reporting, exacerbated by key barriers to adopting cloud technologies capable of transforming their modelling capabilities.
GlobalData reported that the General insurance industry in Taiwan is estimated to reach $10.4bn in 2025. European boutique Managing General Agent(MGA) Alta Signa Europe, announced that it has added to its line-up of A-Rated capacity providers, and RiverStone International completed an agreement with MS Amlin Underwriting to undertake a split reinsurance-to-close(RITC) transaction of the UK property and casualty portfolio of the 2019 and prior years. There were financial reports from Argo and Conduit Holdings, and senior appointments at BMS and Charles Taylor.

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