ART

2164 bookmarks
Custom sorting
Public-Private Insurance Partnerships Bolster Latin American/Caribbean Resilience – Brink – The Edge of Risk
Public-Private Insurance Partnerships Bolster Latin American/Caribbean Resilience – Brink – The Edge of Risk
Damage from natural catastrophe losses as a proportion of GDP tends to be much higher than in developed economies (see tables 1 and 2). If the LAC region is to build on the economic and social gains of recent years, its governments must align with the private sector through public–private partnerships to improve risk management and disaster preparedness strategies.
#ART#CAT#ILS
·brinknews.com·
Public-Private Insurance Partnerships Bolster Latin American/Caribbean Resilience – Brink – The Edge of Risk
World Bank to build on Pacific parametric insurance facility | Artemis.bm
World Bank to build on Pacific parametric insurance facility | Artemis.bm
"A new, regional disaster risk financing project that supports and builds on the experience of the Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) has been launched in Fiji, significantly expanding regional collaboration and financial resilience."
#ART#ILS#CAT
·artemis.bm·
World Bank to build on Pacific parametric insurance facility | Artemis.bm
Jamaica’s work with World Bank suggests ILS role on disaster risks | Artemis.bm
Jamaica’s work with World Bank suggests ILS role on disaster risks | Artemis.bm
"The World Bank is working with the Jamaican government and general insurance companies to develop an adequate and effective disaster risk financing strategy in the region, amidst concerns CCRIF SPC coverage is not sufficient alone to support the country in the face of major losses."
#CAT#ILS#ART
·artemis.bm·
Jamaica’s work with World Bank suggests ILS role on disaster risks | Artemis.bm
World Bank’s IFC partners on Indonesian parametric climate insurance | Artemis.bm
World Bank’s IFC partners on Indonesian parametric climate insurance | Artemis.bm
"The World Bank Group’s global development institute, International Finance Corporation (IFC), will collaborate with Indonesia’s PT Reasuransi MAIPARK to develop parametric insurance solutions for the country’s agribusinesses against the increasing threat and costs of natural disaster and climate events."
#ILS#CAT#ART#Climate
·artemis.bm·
World Bank’s IFC partners on Indonesian parametric climate insurance | Artemis.bm
Swiss Re in Taiwan parametric aquaculture insurance first | Artemis.bm
Swiss Re in Taiwan parametric aquaculture insurance first | Artemis.bm
Global reinsurance firm Swiss Re, with the assistance of local specialist insurer Taiwan Fire & Marine Insurance, has developed the first parametric aquaculture insurance solution covering fish farmers in Taiwan against extreme rainfall.
#ILS#CAT#ART
·artemis.bm·
Swiss Re in Taiwan parametric aquaculture insurance first | Artemis.bm
Public Sector Risk Financing Perspectives in Asia Pacific: Part II: Highlights of Recent Initiatives | GCCapitalIdeas.com
Public Sector Risk Financing Perspectives in Asia Pacific: Part II: Highlights of Recent Initiatives | GCCapitalIdeas.com
Alternative capital sources comprise 17 percent of total global reinsurance capital. As early as ten years ago, alternative capital accounted for only three to five percent of the total. Deployment of catastrophe bonds and collateralized reinsurance primarily occurs in more mature Asian markets such as Japan and Australia, but cedents throughout Asia may benefit - although indirectly - in the coming years as third party investors search for diversification through new lines of business and geographies.
#ILS#CAT#ART
·gccapitalideas.com·
Public Sector Risk Financing Perspectives in Asia Pacific: Part II: Highlights of Recent Initiatives | GCCapitalIdeas.com
Meteo Protect helps French farmers to parametric weather risk transfer | Artemis.bm
Meteo Protect helps French farmers to parametric weather risk transfer | Artemis.bm
Weather risk management, risk transfer, pricing, data, broking and structuring firm, Meteo Protect’s weather insurance platform has been launched by the National Union of Potato Producers (UNPT) of France, providing farmers with resilience against climate and weather-related risks.
#ART#CAT
·artemis.bm·
Meteo Protect helps French farmers to parametric weather risk transfer | Artemis.bm
Peru to expand El Niño agricultural catastrophe insurance cover | Artemis.bm
Peru to expand El Niño agricultural catastrophe insurance cover | Artemis.bm
"The Peruvian government and the Ministry of Agriculture have chosen to expand the country’s El Seguro Agrario Catastrófico (SAC), or the Agricultural Catastrophe Insurance scheme, to include five more regions, with the launch of an international tender, according to reports."
#ILS#CAT#ART
·artemis.bm·
Peru to expand El Niño agricultural catastrophe insurance cover | Artemis.bm
World Bank calls for pandemic facility expansion to include private BI cover | Artemis.bm
World Bank calls for pandemic facility expansion to include private BI cover | Artemis.bm
"The World Bank has called for the ongoing development of its Pandemic Emergency Financing Facility (PEF), to incentivise greater investment in preparedness, and take advantage of the opportunity to deliver business interruption (BI) cover for the private sector as it works towards PEF-2."
#ART#CAT#CyberRisk
·artemis.bm·
World Bank calls for pandemic facility expansion to include private BI cover | Artemis.bm
Agricultural index based insurance under the loupe in Africa - Reinsurance News
Agricultural index based insurance under the loupe in Africa - Reinsurance News
"The African agriculture industry is in the throngs of change surrounding the technology, regulation and distribution of index based insurance – developments which are improving the operating environment for insurers as demand for insurance solutions grows."
#ART#ILS#CAT
·reinsurancene.ws·
Agricultural index based insurance under the loupe in Africa - Reinsurance News
Target for Mexico’s FONDEN 2017 cat bond lifted to $360m | Artemis.bm
Target for Mexico’s FONDEN 2017 cat bond lifted to $360m | Artemis.bm
"The target size of the recently launched IBRD / FONDEN 2017 multi-peril catastrophe bond, which will secure a source of reinsurance risk transfer for Mexico’s Fund for Natural Disasters (El Fondo de Desastres Naturales), has been increased by 24% with the deal now expected to result in issuance of up to $360 million of notes."
#ILS#CAT#ART
·artemis.bm·
Target for Mexico’s FONDEN 2017 cat bond lifted to $360m | Artemis.bm
Public Sector Risk Financing Perspectives – Pandemic Risk: Part I | GCCapitalIdeas.com
Public Sector Risk Financing Perspectives – Pandemic Risk: Part I | GCCapitalIdeas.com
Public entities' use of capital markets-based risk transfer capacity for the assumption of natural disaster losses, such as the cost of emergency relief and infrastructure and property damage has demonstrated success in de-risking public sector balance sheets. Capital markets innovators are beginning to leverage the outcomes achieved in the natural disaster sphere to other types of public sector severity losses, notably pandemic diseases.
#ILS#CAT#Mortality#ART
·gccapitalideas.com·
Public Sector Risk Financing Perspectives – Pandemic Risk: Part I | GCCapitalIdeas.com
Mexico’s FONDEN cat bond secures $360m, priced at lowest guidance | Artemis.bm
Mexico’s FONDEN cat bond secures $360m, priced at lowest guidance | Artemis.bm
The latest catastrophe bond that will provide a source of reinsurance risk transfer for Mexico’s Fund for Natural Disasters (El Fondo de Desastres Naturales), the IBRD / FONDEN 2017 multi-peril cat bond, has secured its targeted $360 million size, while the pricing has now been fixed at the lowest end of reduced guidance.
#ILS#CAT#ART
·artemis.bm·
Mexico’s FONDEN cat bond secures $360m, priced at lowest guidance | Artemis.bm
Multi-billion dollar electric grid risks need risk transfer: Swiss Re | Artemis.bm
Multi-billion dollar electric grid risks need risk transfer: Swiss Re | Artemis.bm
Risks to the electric grid due to severe weather, natural catastrophes and climate change can cause losses in the billions of dollars, and while threats make our energy future more uncertain there is a role for risk transfer and potentially the capital markets in helping to stave off economic disruption.
#ART#ILS#CAT
·artemis.bm·
Multi-billion dollar electric grid risks need risk transfer: Swiss Re | Artemis.bm
Lottoland renews jackpot ILS at upsized EUR 120m, adds flexibility | Artemis.bm
Lottoland renews jackpot ILS at upsized EUR 120m, adds flexibility | Artemis.bm
Fast-growing Gibraltar licensed online lottery provider the Lottoland Group has renewed its Fortuna collateralized reinsurance or insurance-linked securities (ILS) transaction at an upsized EUR 120 million, increasing the size of its capital markets-backed jackpot insurance coverage.
#ILS#CAT#ART
·artemis.bm·
Lottoland renews jackpot ILS at upsized EUR 120m, adds flexibility | Artemis.bm
Philippines cat bond still planned, will expand new parametric insurance | Artemis.bm
Philippines cat bond still planned, will expand new parametric insurance | Artemis.bm
"The Philippines government is still planning to sponsor a sovereign catastrophe bond, in order to further enhance its national level disaster risk financing, and the recently announced parametric disaster insurance pilot is expected to be expanded to cover the entire country."
#ILS#CAT#ART
·artemis.bm·
Philippines cat bond still planned, will expand new parametric insurance | Artemis.bm
Harvey Costs Seen at Catastrophic Levels With Many Uninsured - Bloomberg
Harvey Costs Seen at Catastrophic Levels With Many Uninsured - Bloomberg
"Most people with flood insurance buy policies backed by the federal government’s National Flood Insurance Program. As of April, less than one-sixth of homes in Houston’s Harris County had federal coverage, according to Aon. That would leave more than 1 million homes unprotected in the county. Coverage rates are similar in neighboring areas. Many cars also will be totaled."
#ILS#CAT#ART
·bloomberg.com·
Harvey Costs Seen at Catastrophic Levels With Many Uninsured - Bloomberg
Hurricane Harvey floods could hit NFIP’s $1 billion reinsurance layer | Artemis.bm
Hurricane Harvey floods could hit NFIP’s $1 billion reinsurance layer | Artemis.bm
"As early estimates of damages from hurricane Harvey point towards an overall economic impact in the low tens of billions of dollars with flooding likely to have caused the majority, the National Flood Insurance Program’s (NFIP) reinsurance layer looks increasingly at risk of paying out."
#ILS#CAT#ART
·artemis.bm·
Hurricane Harvey floods could hit NFIP’s $1 billion reinsurance layer | Artemis.bm
ILS can help to narrow the flood risk protection gap: Miller, JLT Capital Markets | Artemis.bm
ILS can help to narrow the flood risk protection gap: Miller, JLT Capital Markets | Artemis.bm
"The insurance-linked securities (ILS) market and providers of capital market backed reinsurance capacity can help with the job of narrowing the flood risk protection gap in the wake of hurricane Harvey, according to Rick Miller Managing Director – Co-Head of Insurance Linked Securities at Jardine Lloyd Thompson Capital Markets."
#ILS#CAT#ART
·artemis.bm·
ILS can help to narrow the flood risk protection gap: Miller, JLT Capital Markets | Artemis.bm
Guidelines for Risk Assessment to Support Sovereign Risk Financing and Risk Transfer | Geneva Association
Guidelines for Risk Assessment to Support Sovereign Risk Financing and Risk Transfer | Geneva Association
"This document has been developed in response to a request from the United Nations Office for Disaster Risk Reduction (UNISDR) as part of Words into Action Guideline on National Disaster Risk Assessment: Governance System, Methodologies, and Use of Result. This module provides governments with a framework for risk assessment to support development of sovereign risk financing and risk transfer programmes. It also offers a checklist for conducting the underpinning risk analysis to guide the design of such programmes."
#ILS#CAT#ART
·genevaassociation.org·
Guidelines for Risk Assessment to Support Sovereign Risk Financing and Risk Transfer | Geneva Association
Caribbean regional catastrophe bond back on the agenda | Artemis.bm
Caribbean regional catastrophe bond back on the agenda | Artemis.bm
"Following the devastating impacts of hurricanes Irma and Maria in the Caribbean discussion has once again turned to how to secure an increased amount of parametric disaster risk financing for the region, with a regional catastrophe bond issuance rising up the agenda once again."
#ART#ILS#CAT
·artemis.bm·
Caribbean regional catastrophe bond back on the agenda | Artemis.bm
Colombia set for quake catastrophe bond within weeks: Finance Minister | Artemis.bm
Colombia set for quake catastrophe bond within weeks: Finance Minister | Artemis.bm
"The first catastrophe bond covering earthquake risks from the government of Colombia is expected to be launched within a matter of weeks, according to the country’s Minister of Finance and Public Credit, as the country looks to capital market sources to improve its disaster risk transfer and financing."
#ILS#CAT#ART
·artemis.bm·
Colombia set for quake catastrophe bond within weeks: Finance Minister | Artemis.bm
African Risk Capacity & UN partner to expand climate risk insurance access | Artemis.bm
African Risk Capacity & UN partner to expand climate risk insurance access | Artemis.bm

"The African Risk Capacity (ARC), an organisation providing parametric sovereign disaster risk insurance and resilience building support to African nations, has entered into a partnership with the United Nations Economic Commission for Africa (ECA) aiming to increase uptake and coverage of climate risk insurance in the region. "

#CAT#ART
·artemis.bm·
African Risk Capacity & UN partner to expand climate risk insurance access | Artemis.bm
Pacific Alliance earthquake cat bond target rises to $1.39 billion | Artemis.bm
Pacific Alliance earthquake cat bond target rises to $1.39 billion | Artemis.bm
"The first catastrophe bonds to benefit all four member nations of the Pacific Alliance trade bloc in Latin America is set to increase in size, as the mooted $1 billion cat bond issuance has now had its target increased to as much as $1.39 billion of earthquake risk coverage for the region."
#ILS#CAT#ART
·artemis.bm·
Pacific Alliance earthquake cat bond target rises to $1.39 billion | Artemis.bm
Disaster risk transfer is critical to protect development gains: World Bank | Artemis.bm
Disaster risk transfer is critical to protect development gains: World Bank | Artemis.bm
"The World Bank sees the ability of its Treasury to mobilise fixed income capital to fund sustainability as a key piece of its mandate, with disaster risk transfer, in the form of catastrophe bonds, insurance and weather risk trades, seen as important tools to protect against the erosion of specific countries development gains."
#ILS#CAT#ART
·artemis.bm·
Disaster risk transfer is critical to protect development gains: World Bank | Artemis.bm