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Private Market Driven Innovations/Solutions, Part I | GCCapitalIdeas.com
Private Market Driven Innovations/Solutions, Part I | GCCapitalIdeas.com
"The 2015 Global Insurance Forum addressed the topic “Filling the Protection Gap” (1). During the conference, key speakers noted the growing divide between the economic losses societies are facing and the role of the insurance industry. Many (re)insurance leaders believe the industry can play a significant role in a rapidly changing global risk landscape with pre-loss financing solutions designed to spread risk, relieve the burden on public finances and improve the resiliency of communities."
#ILS#CAT#ART#Climate
·gccapitalideas.com·
Private Market Driven Innovations/Solutions, Part I | GCCapitalIdeas.com
Private Market Driven Innovations/Solutions, Part II | GCCapitalIdeas.com
Private Market Driven Innovations/Solutions, Part II | GCCapitalIdeas.com
"Community-level insurance programs are clear examples of industry innovation that can serve as the switch to initiate broader market change. These utilize index insurance products and pay out benefits if a pre-determined event occurs (a quake with an intensity of a certain level, or a certain rainfall level) (1). Such products provide solutions for many different types of stakeholders:"
#ILS#CAT#ART#Climate
·gccapitalideas.com·
Private Market Driven Innovations/Solutions, Part II | GCCapitalIdeas.com
Risk Analytic Tools, Part I | GCCapitalIdeas.com
Risk Analytic Tools, Part I | GCCapitalIdeas.com
"Public sector-related data can be expansive, containing census data, property risk characteristics, historical loss information, risk rating matrices and natural hazard event scientific tracking. In order to facilitate packaging the sometimes unwieldy data in a way that is useful for risk decision making, utilizing outside resources to improve data transparency can be valuable. Public sector resources devoted to building tools that measure risks that are perceived as “uninsurable” can unlock private sector funding."
#ILS#CAT#Climate#ART
·gccapitalideas.com·
Risk Analytic Tools, Part I | GCCapitalIdeas.com
Mexico spends $1bn to lock in oil export prices for 2017 - FT.com
Mexico spends $1bn to lock in oil export prices for 2017 - FT.com
"Mexico has spent more than $1bn to lock in prices for oil exports next year to help protect public finances as its underperforming economy faces intensifying international headwinds, including the timing of a US rate rise and the US elections."
#ART
·ft.com·
Mexico spends $1bn to lock in oil export prices for 2017 - FT.com
African Risk Capacity in $8m parametric insurance payout to Malawi | Artemis.bm
African Risk Capacity in $8m parametric insurance payout to Malawi | Artemis.bm
"The African Risk Capacity (ARC), Africa’s sovereign parametric catastrophe insurance pool, is to make a US$8 million payout to Malawi after its 2015/16 agricultural season parametric drought insurance policy was triggered by ARC’s model."
#ILS#ART
·artemis.bm·
African Risk Capacity in $8m parametric insurance payout to Malawi | Artemis.bm
Swiss Re backs MiCRO catastrophe index business interruption cover | Artemis.bm
Swiss Re backs MiCRO catastrophe index business interruption cover | Artemis.bm
The Microinsurance Catastrophe Risk Organisation (MiCRO), a Barbados based reinsurance company that leverages the capital efficiency of the international reinsurance market alongside donor capital, has launched a novel index-linked business interruption policy.
#ART#CAT
·artemis.bm·
Swiss Re backs MiCRO catastrophe index business interruption cover | Artemis.bm
Speedwell unveils weatherXchange, a parametric risk transfer platform | Artemis.bm
Speedwell unveils weatherXchange, a parametric risk transfer platform | Artemis.bm
"Speedwell Weather, a provider of weather data, forecasting information, analytics, software and consultancy to the weather derivatives and weather risk management market, has unveiled its awaited parametric weather risk transfer platform weatherXchange. weatherXchange is an online technology based weather trading platform, that will enable protection buyers and sellers to meet and transact parametric or index based weather risk transfer contracts."
#ILS#CAT#ART
·artemis.bm·
Speedwell unveils weatherXchange, a parametric risk transfer platform | Artemis.bm
Public Sector Risk Financing Perspectives in Latin America: Part I | GCCapitalIdeas.com
Public Sector Risk Financing Perspectives in Latin America: Part I | GCCapitalIdeas.com
"Given the overall impact of catastrophes on public sector finances, governments in Latin America are transitioning from an over-reliance on post-event disaster financing to a pre-event approach to disaster risk mitigation and supporting a “building back better” concept. Societies are realizing that transferring risk to the private sector provides efficient and cost-effective solutions that relieve already strained public sector budgets."
#ILS#CAT#ART
·gccapitalideas.com·
Public Sector Risk Financing Perspectives in Latin America: Part I | GCCapitalIdeas.com
Public Sector Risk Financing Perspectives in Asia Pacific: Part I | GCCapitalIdeas.com
Public Sector Risk Financing Perspectives in Asia Pacific: Part I | GCCapitalIdeas.com
"According to United Nations estimates, 54 percent of the world’s population lives in Eastern, Southern and Southeastern Asia. The region hosts 778 million urban inhabitants and seven out of the world’s top ten most populated cities. The region is also home to every major peril - from cyclone to tsunami - and has experienced some of the world’s largest catastrophes based on economic loss. While there are natural catastrophes all over the world, Asia is a unique confluence of people and perils."
#CAT#Climate#ART
·gccapitalideas.com·
Public Sector Risk Financing Perspectives in Asia Pacific: Part I | GCCapitalIdeas.com
Public Sector Risk Financing Perspectives – Terror Risk: Part II | GCCapitalIdeas.com
Public Sector Risk Financing Perspectives – Terror Risk: Part II | GCCapitalIdeas.com
"In 2015, Swiss Re’s Sigma report calculated that 27 terrorist events resulted in 1082 fatalities, but no insured losses. Unlike other lines of business, recent pricing and capacity trends have not been driven by a better technical understanding of the impact of losses that normally translates into improved peril understanding or advances in pricing or modeling techniques. This has generally inhibited the industry from expanding its product base for terrorism in line with the evolution of the peril, concentrating more on supporting the pools and the current established bounds of insurable loss."
#ART#Terrorism#CAT
·gccapitalideas.com·
Public Sector Risk Financing Perspectives – Terror Risk: Part II | GCCapitalIdeas.com
Weather risk transfer a billion dollar opportunity for wind power | Artemis.bm
Weather risk transfer a billion dollar opportunity for wind power | Artemis.bm
"GCube Underwriting Ltd. (GCube) has underlined the significant financial impact wind speed volatility can have on wind energy stakeholders throughout the world, highlighting the potential for insurance, reinsurance, and insurance-linked securities (ILS) players to capitalise on that sector’s billion-dollar opportunity."
#ILS#ART
·artemis.bm·
Weather risk transfer a billion dollar opportunity for wind power | Artemis.bm
DFID disaster risk transfer plans hint at capital markets potential | Artemis.bm
DFID disaster risk transfer plans hint at capital markets potential | Artemis.bm
"The UK’s Department for International Development (DFID) has underlined its commitment to improving and advancing economic development in the world’s poorest and most vulnerable countries, which includes the expansion of innovative climate and catastrophe risk insurance solutions from the private sector."
#ILS#CAT#ART
·artemis.bm·
DFID disaster risk transfer plans hint at capital markets potential | Artemis.bm
Sovereign cat bonds can help governments borrow, improve welfare | Artemis.bm
Sovereign cat bonds can help governments borrow, improve welfare | Artemis.bm
"For sovereign governments, having a source of disaster risk financing and insurance provided by catastrophe bonds can help the government to borrow more on the capital markets, improve its standing with debtors and ultimately provide welfare gains to the population, according to a study."
#ILS#CAT#ART
·artemis.bm·
Sovereign cat bonds can help governments borrow, improve welfare | Artemis.bm
APEC needs disaster risk financing, ILS should play a role | Artemis.bm
APEC needs disaster risk financing, ILS should play a role | Artemis.bm
The 21 member economies of the Asia-Pacific Economic Cooperation (APEC) are once again meeting this week and disaster risk financing, insurance and reinsurance are hot on the agenda, as leaders in the region recognise the importance of increasing protection.
#ART#CAT#ILS
·artemis.bm·
APEC needs disaster risk financing, ILS should play a role | Artemis.bm
GDP-linked bonds: A primer | VOX, CEPR’s Policy Portal
GDP-linked bonds: A primer | VOX, CEPR’s Policy Portal
"Policymakers and economists have been looking for ways to make it easier to manage increasing debt burdens. This column assesses one possible solution: GDP-linked bonds that tie the size of debt payments to an economy’s wellbeing. There are clear benefits to a government from issuing GDP-linked bonds, but establishing investor confidence in these instruments will require a better approach to the obstacles posed by data revisions and changes in methodology."
#ART
·voxeu.org·
GDP-linked bonds: A primer | VOX, CEPR’s Policy Portal
The benefits of GDP-indexed bonds | VOX
The benefits of GDP-indexed bonds | VOX
Interest in nominal GDP-indexed bonds has grown in the context of the debate on how to prevent future sovereign debt crises. This column uses simulations up to 2040 to identify which countries would benefit from using such bonds instead of conventional debt. By issuing GDP-indexed bonds, these countries would protect their debt ratios against deflation and recession, and investors could benefit from the catching-up of emerging economies, could partially hedge their currency risk, and could diversify their portfolio compared to equity. The contribution of GDP-indexed bonds to international financial stability would justify international coordination to promote their use.
#ART
·voxeu.org·
The benefits of GDP-indexed bonds | VOX
ARC and African Development Bank partner to expand risk transfer | Artemis.bm
ARC and African Development Bank partner to expand risk transfer | Artemis.bm
"The African Risk Capacity (ARC) and the African Development Bank (AfDB) are to collaborate to enhance Member states’ understanding of the need for and value of disaster insurance and ultimately to help expand and embed risk transfer within countries policy and development objectives."
#ART#ILS#CAT
·artemis.bm·
ARC and African Development Bank partner to expand risk transfer | Artemis.bm
Pacific Alliance cat bond progress being made | Artemis.bm
Pacific Alliance cat bond progress being made | Artemis.bm
The Pacific Alliance, a Latin American trade bloc, has again been discussing issuance of a joint catastrophe bond at a recent trade meeting in the region, and progress is being made with the help of the World Bank.
#ART#ILS#CAT
·artemis.bm·
Pacific Alliance cat bond progress being made | Artemis.bm
Mexico said planning cat bond market return in 2017 | Artemis.bm
Mexico said planning cat bond market return in 2017 | Artemis.bm
According to a report from Reuters, the Mexican government is planning to sponsor another catastrophe bond and is currently seeking bids from companies that can help to facilitate the issuance of a three-year cat bond covering hurricane and earthquake risks.
#ART#ILS#CAT
·artemis.bm·
Mexico said planning cat bond market return in 2017 | Artemis.bm
ADB examines disaster risk financing options for the Philippines | Artemis.bm
ADB examines disaster risk financing options for the Philippines | Artemis.bm
The Philippines has long been the focus of disaster risk financing and insurance discussions, given its exposure to typhoons, earthquakes, fires, rainfall, floods and drought, and now the Asian Development Bank (ADB) is examining options for disaster insurance facilities.
#ILS#CAT#ART
·artemis.bm·
ADB examines disaster risk financing options for the Philippines | Artemis.bm
Weather derivatives mooted for Thai futures exchange | Artemis.bm
Weather derivatives mooted for Thai futures exchange | Artemis.bm
The Stock Exchange of Thailand (SET) is assessing launching weather futures and perhaps other weather derivatives in order to provide weather risk management tools in an exchange traded environment for farmers.
#ART
·artemis.bm·
Weather derivatives mooted for Thai futures exchange | Artemis.bm