Of Special Interest

Filters

[x] [x]

2nd February 2020

Newslink Global Insurance Trends-Editor's Weekly Overview
Trend

This week, Swiss Re's latest sigma report highlighted that digitalisation is transforming insurance for consumers and suppliers alike. Meanwhile, total new worldwide funding commitments to the InsurTech sector in 2019 were $6.37bn, 33.9% of the historical total, following a record-breaking $1.99bn of investment in 75 projects during Q4 2019, according to the new Quarterly InsurTech Briefing from Willis Towers Watson. Adoption of RegTech will also increase as insurers wake up to its benefits reported GlobalData. GlobalData also said sustainability, prevention of cyber-attacks and connecting with generation hashtag were the key insurance trends for 2020-the researcher separately projected health insurance business in China would reach 36% of total general insurance business by 2022. Moneyfacts said last year was good for UK pensions drawdown but not for the annuity market. DBRS published a commentary headed "Wildfire Challenges Manageable for Australian P&C in Q1 2020.”
European insurers face stable risk exposures, but macro and market risks remain high, according to EIOPA. Insurance Europe reflected on whether the General Data Protection Regulation(GDPR) has fully achieved it aims, and its president outlined the problems with Solvency II at a conference on the subject.
Pro Global Holding Limited(Pro) global re/insurance outsourcing and consulting specialists announced a formal partnership with VIPR, experts in delagated authority. Willis Towers Watson integrated SecurityScorecard's security ratings with its proprietary cyber risk quantification modelling platform. and Sapiens solutions achieved the Service Organization Control (SOC) 1 and 2 Type 2 compliance certification in North America.
Generali ceo, Philippe Donnet said that the insurer was dedicated to sustainabiliby. Helvetia is to acquire a majority holding in Spanish insurer Caser, and Randall & Quilter announced the completion of the acquisition a Swedish captive. There were financial statements from AXIS Capital, Brown & Brown, Gallagher, and Marsh MaClennan. Senior appointments were announced by Fidelis, MS Amlin, Swiss Re Corporate Risks, and Marsh.


Full articles on the above topics are included in those added this week to the Newslink Global Trends Database Research Matrix service at www.onlystrategic.com
The Insurance Newslink self-search and automatic reporting service across all insurance/reinsurance sectors has been a trend recording catalyst since its launch in 1993-bringing together significant global market and IT/InsurTech intelligence from source-editing and linking across a Matrix of region/country, regulatory, surveys/research, results, and IT by business application area. The database contains over 52,000 linked articles and is updated twice-weekly.
A 14 day free full trial of the service is available from the website.
There is an opportunity to become a Marketing Partner leading to possible acquisition of our global Insurance and Banking Newslink database services.