Ruschlikon intensifies regional activity and technology focus
Ruschlikon, the global association of insurers, brokers and reinsurers, all committed to implementing e-administration in order to create an efficient and modern Market, announces intense activity in its Regional Implementation Groups with new operational relationships.
The Ruschlikon Steering Committee is supporting all new implementations, highlighting the tangible business benefits of e-administration as it did in the roadshow with the Bermudian insurance community in November 2016.
The North American Implementation Community is concentrating on the regional expansion of existing and new implementations. An introductory workshop was held in September, with the aim of informing new potential entrants about the benefits of Ruschlikon messaging and sharing the experiences of existing partner implementations.
Other market events are in preparation, in Europe and Asia in particular.
In the UK, the partnership with the LMG TOM program has been highly effective and has already led to concrete deliveries for a global and harmonized back-office.
The Ruschlikon community also comprises a full ecosystem of solution providers, which are helping all members with their implementations through specialized software and gateway applications. Two new solution providers have just been welcomed to the group, Docosoft and Deutsche Bank.
Finally, Ruschlikon is investigating how new technologies could improve business processes in the administration area. Blockchain has been operationally tested via a proof-of-concept for reinsurance accounts exchanged between brokers and reinsurers, developed by SCOR and ChainThat, a specialized blockchain startup.
Regis Delayat, chair of Ruschlikon and Senior Digital Advisor to the Chairman of SCOR, said “Ruschlikon is strengthening its footprint in all regions of the global (re)insurance market and is already achieving its two objectives: to increase exchanges within the community and to expand the community itself. Ruschlikon also plays a leadership role in terms of adopting innovation designed to optimize straight-through-processing and benefits for our member companies”.
Ruschlikon is the global community of insurers, brokers and reinsurers committed to implementing e-administration and driving an efficient and modern Market.
For more information, please go to www.ruschlikon.com and join our LinkedIn Group.
Scientific seminar at the Paris headquarters in March: “How will risk modelling shape the future of risk transfer?”
On March 9, 2017, SCOR will host a scientific seminar at its Paris headquarters entitled “How will risk modelling shape the future of risk transfer?”. The conference is organized by the SCOR Foundation in partnership with the Geneva Association.
The seminar, which will be attended by insurance and reinsurance professionals, academics, risk modelling specialists, and others from the risk universe, will include 4 panel discussions between 09:00 and 17:30, on the following topics:
- Challenges, opportunities and lessons learned from 25 years of developing and utilizing Catastrophe Risk Models
- Next generation risk models: approaches, opportunities, challenges
- Harnessing latest developments in weather/water/climate research, earth observations, forecasting for next generation of forward-looking risk models
- The role of Risk Modelling as an enabler to stimulate new sovereign and regional risk transfer.
To register, please contact email@example.com.
Click on the picture below for the full program
The CRO Forum’s Emerging Risk Initiative, led by SCOR in 2016, publishes a new Position Paper on Water Risks
Water risks constitute major challenges – both in terms of threats and opportunities – for society as a whole, and for the re/insurance industry. Yet, they are widely underestimated, disregarded or simply ignored.
With its new Position Paper on Water Risks, the Emerging Risks Initiative (ERI) of the Chief Risk Officer (CRO) Forum has aimed at synthesizing what water risks represent for the reinsurance industry in terms of scarcity, pollution, health, treatment, conflicts, regulatory and reputational risks.
Water risks are complex to assess. Such difficulty stems from the paradoxical nature of water: it is plentiful to many yet its scarcity affects hundreds of millions of people, it is both fossil and renewable, it is freely supplied by nature but its treatment, distribution and wastage have a cost.
This results in a global lack of preparation for future impacts and has implications for the re/insurance industry, as a majority of water risks represent externalities which are not properly priced or assessed.
SCOR salutes the recipient of the 2017 John S. Bickley Founder’s award, Georges Dionne
Georges Dionne, member of the Scientific Board of the SCOR Foundation for Science and the Board of SCOR Canada, has just been named as the recipient of this prestigious award for 2017.
The John S. Bickley Founder’s Award, instituted in 1972 and named in honor of the founder of the International Insurance Society, Dr. John S. Bickley, honors individuals who have made a significant and lasting contribution to insurance thought, products, practice or education. The Founder’s Award recipient is elected by the IIS Honors Committee, a body of senior insurance executives and leading academicians.
Georges Dionne, professor at HEC Montreal, Canada, will receive the 2017 Founder’s Award during the Global Insurance Forum, at the gala dinner due to be held on June 19th at the Park Plaza Westminster Bridge Hotel in London.
Denis Kessler, Chairman and CEO of SCOR, commends the award: “I would like to congratulate Georges Dionne on this very strong mark of recognition by the International Insurance Society. This award honors Georges Dionne’s work in the field of basic research, as well as his considerable contribution to the economics of uncertainty and of insurance. The SCOR group joins me in congratulating Georges, who is an excellent director on the board of SCOR Canada and one of the distinguished members of our SCOR Foundation for Science.”
SCOR Global Life launches Velogica in Asia, a state of the art New Business Acquisition Platform
The Velogica software offers to life insurers superior new business acquisition capabilities, enabling the issuance of policies to meet a range of consumer needs in one seamless and efficient, automated process. In order to provide a best-in-class underwriting solution to its customers in Asia, SCOR Global Life has formed an exclusive partnership with Adviser Connect.
At Velogica’s core is an automated underwriting solution designed and built to satisfy the requirements of today’s demanding users – be they consumer, adviser or underwriter. Quote and apply modules, whether from the Velogica suite or the insurers’ own, are integrated using market leading, flexible and configurable software. The result – a convenient, responsive and intuitive journey that overcomes the clumsiness of existing market propositions to support the growth of insurers in Asia.
Adviser Connect is a market leading technology company and chief provider of web-based business processing and underwriting automation software to the life insurance industry in Australia.
SCOR Global Life and Adviser Connect have assembled a team of more than 60 client and technical experts with platform knowledge, software expertise and underwriting skills to work with clients to produce solutions that meet their specific requirements.
Paolo De Martin, CEO SCOR Global Life, comments: "The combination of SCOR Global Life’s risk and underwriting expertise and of the leading-edge Adviser Connect technology represents a unique opportunity that will add significant value for our Asian clients. Bringing innovative distribution solutions to our customers is a key focus of our “Vision in Action” strategic plan. With this new Velogica™ offering in Asia, insurers can expect greater in-depth analysis of their business data and processes and improved customer and adviser interfaces to drive ambitious business growth."
Ian Jarvie, Adviser Connect’s founder, comments: “We at Adviser Connect are extremely excited to be working with SCOR Global Life to deliver cutting edge technology to insurers in Asia to revolutionise the industry’s underwriting offering. Our focus in Australia has always been to use technology to benefit the user and we look forward to continuing that in Asia.”