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The 9th International Istanbul Insurance Conference started today in Istanbul

In emerging markets like Turkey, there can be a significant difference between the insured and total insurable losses. Parametric insurance is a smart way to close this protection gap. While the traditional products cover an insured loss, parametric products provide financial protection for various expenses from financial liabilities to contingent loss of profit which, in return, decreases the economic loss burden following a CAT event.

61st "Rendez-Vous de Septembre" ends today in Monte Carlo: review

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers ends today in Monte Carlo. The Nat Cat insurance protection gap, as well as the global insurance market readiness to deal with the increasing complexity of the cyber risks were among the most debated topics.

MONTE CARLO: Live news from the "Rendez-Vous de Septembre"

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers has started yesterday in Monte Carlo. XPRIMM publications on the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel as well as at the other event's venues.

RVS Live: Swiss Re, the largest reinsurer in 2016

Swiss Re has surpassed Munich Re as the world's largest reinsurer (from the reinsurance gross premiums written -GPW - in 2016), a position that it has not held since 2009, according to the AM Best rankings presented in Monte Carlo.

RVS Live: Silent cyber" exposure, a growing concern for insurers

Almost 50% of the industry practitioners consider the risk of "silent cyber" exposure—potential cyber-related losses due to silent coverage from insurance policies not specifically designed to cover cyber risk—as growing over the coming year, according to a study of Willis Re, presented during a press conference in Monte Carlo.

RVS Live: AON Benfield: the reinsurance industry is well capitalized

The Reinsurance industry is well capitalized with 605 billion as of end of June 2017, 2% up from the end of 2016. But sustained growth in reinsurance demand is dependent upon increasing the relevance of insurance to the global economy, according to the Reinsurance Market Outlook report launched by AON Benfield during the Rendez-vous de Septembre in Monte Carlo.

RVS Live: CEE to get new cat models in 2018

AIR Worldwide will launch in 2018 a severe thunderstorm model for Central and Eastern Europe, according to Dr. Milan SIMIC, EVP and Managing Director, Global Business Development Insurance Solutions of VERISK Analytics. The model will cover Estonia, Latvia, Lithuania, Poland, Czech Republic, Slovakia and Slovenia. 

VIDEO: GIF 2017, LONDON: HRH The Prince of Wales welcome address

"Insurers have to play an important part not only in managing current risks, but also in modelling the future by contributing to a better understanding of risks, to closing the insurance gap and setting an example of responsible investment policy," HRH The Prince of Wales said in his welcome address at GIF 2017.

Insurance NEXT'UA 2017 to force digitization in Ukrainian insurance industry

Ukrainian Federation on Insurance and the digital economy and fintech focused Future magazine with the support of the German (GDV), the Austrian Association of Insurers(VVO) and the League of Insurance Organizations of Ukraine held the first edition of the Insurance NEXT'UA 2017 in Ukraine Conference. The event was dedicated to the preconditions for digital changes in the insurance market of Ukraine and the world.

The 20th edition of FIAR: A new location, conferences & workshops held by international specialists, hundreds of bilateral meetings

Taking place between May 21 and May 25, in a new location - Poiana Brasov in Romania - the 20th edition of the International Insurance-Reinsurance Forum - FIAR gathers well-known specialists representing over 125 international companies and offers its participants the chance to join specialized conferences and workshops analyzing the latest trends in the insurance, reinsurance and brokerage fields, as well to participate at networking events and bilateral meetings which will enable them to discover new business opportunities and to gather valuable insights and experience.