Thought Leadership

The powerful earthquake that rocked Myanmar on Friday, has undoubtedly brought tragedy, with lost lives, homes, and livelihoods. Fresh from a country visit in early March Axco's 'man-on-the-ground' examines how prepared is the local insurance market to address this crisis.

by Martin Tomlinson

Europe’s demographic landscape is shifting towards an increasingly older population. The continent, once benefiting from a demographic dividend, now faces a profound transformation, with ageing populations dominating. Alongside this ageing phenomenon, there is an increasing emphasis on old-age income support, driven by the significant demographic transition

by Barnaby Parr

In an increasingly interdependent global economy, insurance companies face an intricate web of legislative and regulatory requirements to manage their clients’ global insurance programs. Global insurance compliance is a necessity to mitigate risks, avoid legal action, and maintain a strong corporate reputation. To do so, companies need to be continuously vigilant and adaptable. This article outlines why compliance is critical and how global insurance companies can successfully navigate the complex global compliance landscape.

by Steve Douvas

This year marks an exciting milestone in our journey into the heady waters of events. Since our beginning three years ago, we’ve expanded geographically with the launch of Axco Americas this year and continue to host Axco Global Insurance Week in London. The reception to our events has been fantastic; we've seen a remarkable increase in attendance and participation, reflecting the growing enthusiasm and engagement from the community, and we feel exceptionally privileged to use our impartial position as an information provider to the multinational insurance market to bring the whole market together.

by Axco Insurance Information

Kenya’s life insurance sector has demonstrated consistent double-digit growth, more than tripling its written premiums between 2013 and 2022. A recent market entrant has captured 8.7% of market share in two years.

by Natasha Keats

The catastrophe bonds (cat bonds) market, the vast majority of the insurance-linked securities (ILS), has experienced substantial growth in recent decades, driven by increased (re)insurer demand for alternative risk transfer solutions and investor appetite to diversify their investment portfolios. According to market statistics, cat bonds issuance increased more than sevenfold between 2003 and 2023. There is not just an increase in the number of cat bonds issued; coverage has also expanded from natural catastrophes to human-made disasters such as terrorism and cybersecurity events.

by Chris Ip & Serena Coid

Are you looking to expand your operations or international client base? If so, we may have some good news for you. Argentina has eliminated its PAIS tax, a 25% tax on the purchase of goods or services in a foreign currency.

by Axco Insurance Information

Work as an Axco consultant takes you far and wide, and 2024 was no different for me. Bookended by visits to two neighbouring African nations - Angola in January, and recently Zambia as a pre-Christmas trip.

by Martin Tomlinson

Every year, Axco’s Global Risk team looks at developing trends across the globe, which we believe will have a significant impact on our clients. This process brings together all of our risk analysts and incorporates feedback from other insurance specialists inside Axco.

by Axco Insurance Information

Two years ago, the Axco Global Insurance Conference opened its doors for the first time. This was our first step into the world of events and, admittedly, a slightly nerve-wracking one. However, we felt confident that, with our privileged position of providing international insurance information up and down the value chain, we were perfectly suited to bring the global insurance community together.

by Axco Insurance Information

Parametric insurance, also known as index-based insurance, pays out claims based on predefined parameters. Common examples include rainfall levels, peak windspeeds and soil moisture. This type of insurance could be used to help close protection gaps across the world – with regulators playing an important role in its growth.

by Ali Smedley

For the most part, rates and conditions were hardening in the Brazilian market throughout 2021 to 2023, especially within property and engineering. However, rates have been flat and softer in the 2024 renewals, but after the flood losses in Rio Grande do Sul, key market sources do not expect further softening to continue throughout the 2024 renewals.

by Axco

State involvement in the reinsurance sector is far from unprecedented. However, a growing trend in the face of Western sanctions is that the state is more than a backstop; it is the entire reinsurance industry. In 2016, in response to Western sanctions following the 2014 annexation of Crimea and intervention in the Donbas, the state-owned Russian National Reinsurance Company (RNRC) was formed.

by Patrick Grady