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European women wonder why their insurance premiums will increase

December 15, 2011

In March 2011, the European Court of Justice ruled that gender could no longer be a risk factor for the calculation of insurance premium rates. Following this decision, motor insurance premiums for women will increase dramatically while premiums for male insureds will decrease.

The run-off insurance market: Is it flourishing?

October 17, 2011

Analysis of:Run-off: Opportunities abound in legacy portfolios. | www.ft.com

Run-off specialized businesses are growing. Solvency II in Europe is expected to provide a further spin to the market. Some value the market at more than $500 billion of liabilities in run-off. The latest transaction was done between ZFS and Swiss Re for $950 million. This article will illustrate a few ways to structure these transactions.

How much will Solvency II cost the insurance industry?

October 17, 2011

Analysis of:Financial Times October 4, 2011: Solvency II faces year's delay | www.ft.com

European political authorities are expected to postpone again the implementation of Solvency II until January 2014. S2 projects are sources of huge expenses for the insurance industry. The total cost for the implementation and monitoring of S2 at one company is probably in the area of tens of millions of euros. For a first tier insurer the charges are not a huge issue but for medium and small-sized companies they are burdensome. And what if S2 is never implemented or is delayed further?

Medical Tourism Insurance

August 18, 2011

Analysis of:Medical Tourism Insurance | www.assitheque.com

Medical Tourism is a growing industry across the globe, around 50 destinations are considered today as valid places to be treated for cosmetic, dental or other types of surgery.  The most popular ones are India, South-Africa, … The industry global revenues are estimated to be in excess of $ 100 bio in 2012, whilst 700’000 patients will be traveling for medical reasons in one year.What are the risks incurred by the international medical patients and what are the insurance solutions ?

When Insurance and Psychological Rehabilitation meet together

August 18, 2011

Analysis of:Corporate Absence Management Insurance | www.assitheque.com

Corporations of whatever size have to face increasing absence rates during the lowest parts of the economical cycle. Absences have a negative impact on results and shareholding values: decreasing productivity, absence management costs and higher insurance premiums to name but few.Absences can be classified as short-term or long-term. Early intervention by professional rehabilitation specialists after a dedicated triage can reduce the frequency of long-term absence.

Reinsurance Cycles: Management of Soft and Hard Cycles

January 23, 2010

Analysis of:Reinsurer Profit Outlook pressed by Soft Renewals | www.insurancetimes.co.uk

One of the most exciting challenges in P&C Reinsurance is an efficient Cycle Management. This is not only reducing exposures when prices are decreasing, it is also anticipating the cycles and their up (-down) turns. A crystal ball is not really helpful but an adequate observation of the global markets together with a dynamic capital management can help to develop a successful strategy.

Swiss Pension Funds: Trade Unions against Actuaries

January 16, 2010

Analysis of:Hands off pension fund, say unions | www.swissinfo.ch

On 7th March 2010, Swiss voters will decide on the future of their Pension Fund System and particularly on the level of the conversion rate of the saved capital into an annuity. The conversion rate is presently 7% for men at age 65 and 6.90% for women at age 64. The government proposes to reduce it to 6.80% gradually until 2014. Whilst Trade Unions and left politicians are against this reduction, the Swiss Association of Actuaries has demonstrated that this reduction is accurate and necessary.

P&C Reinsurance Rates for the Renewals 2010

September 13, 2009

Analysis of:Munich Re, Swiss Re May Struggle to Increase Rates | www.bloomberg.com

Although the major reinsurance players have anticipated in Monte Carlo a hardening or stabilization of the renewal reinsurance terms and conditions, most of the lights show a trend toward a softening. Only a major catastrophe happening during the remaining part of the year or a further crash of the financial markets could justify a hardening.

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