Insurance Capital Markets Research

  • Quantitative (re)insurance research
  • Home of ICMR.Matrix and RISX Index

RISX Index Press release: ICMR launches RISX Index

ICMR.Matrix: Unique insight into Lloyd’s

ICMR.Matrix provides capital transparency on Lloyd's syndicates.

The ICMR.Matrix data engine of strategic information and associated cloud-based apps can support you in:

  • Demonstrating your value drivers to Lloyd's, NEDs, parent companies and investors
  • Pathfinding to top quintile / light touch status

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Scalable tools - Bespoke reports

ICMR.Matrix lets you understand Lloyd's competitive landscape in performance, capitalisation and valuation

ICMR.Matrix brings together a unique mix of comparative Lloyd's data; we can even adapt to your internal management information template. See whether your performance is getting the CPG recognition it deserves in your capital setting and how effective you are at achieving this compared to others

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Research & Resources

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Press release: ICMR launches RISX Index with Moorgate Benchmarks

ICMR launches innovative new ‘(re)insurance specialty equity index’ and selects Moorgate Benchmarks as its administrator

The Lloyd's 2021 $15bn stakes

ICMR.Matrix; a new tool to assess which syndicates are best placed to win the race for more new business

The reserving cycle and how to avoid it

The Casualty Actuarial Society publishes reserving paper using probabilistic programming

A new metric to assess the insurance cycle?

Research by ICMR shows that comparing stock performance of specialty re/insurance companies with the S&P 500 can provide new …

Lloyd’s return on capital: the good, the bad and the ugly

For the first time investors can review Lloyd’s syndicates’ return on capital and compare them directly with other re/insurers.

Performance transition frequencies at Lloyd's

Maintaining performance is one thing, improving performance is a lot more challenging

Lloyd's combined ratio performance distribution

Only top quartile and very few second quartile performers achieved underwriting profits in 2019.

Value creation at Lloyd's

Materials from the cancelled joint LMA event 18 March 2020

Review of syndicates' results 2015 - 2019

You don’t have to be big to be successful, but you can get big if you are successful.

Lloyd’s 2019 results by syndicate: Bigger was better

In 2019 there were 110 syndicates, including special purpose arrangements (SPA), of which 105 stated positive GWP, with 56 breaking …

First look at Lloyd's results 2019: The tide hasn't turned yet

Today Lloyd’s released the 2019 pro-forma results for the market stating a profit of £2.5bn. This is a huge improvement to last …

Cancelled: Joint LMA event 18 March 2020

In response to the evolving COVID-19 situation “Value Creation at Lloyd’s” panel discussion will not go ahead on 18 March.

Joint event with LMA on Value Creation at Lloyd's

On 18 March together with the LMA we are organising a panel discussion on the topic of ‘Value Creation at Lloyd’s’

What does value creation mean in the Lloyd’s market?

Introducing the London Insurance Market Index

About Insurance Capital Markets Research

The insurance and capital markets have existed in very close proximity for centuries. Yet, they drifted apart as each industry …

About ICMR

Insurance Capital Markets Research is the trading name of IC Markets Research Ltd, registered in England & Wales with number 12561699

At Insurance Capital Markets Research (ICMR), we provide quantitative research on the global specialty (re)insurance industry. Our clients are insurance carriers, intermediaries and investors.

One of our core capabilities is the independent assessment of performance and return profiles of insurance entities and portfolios, both within Lloyd’s and globally. Our research focuses on investment strategies and the development of products to access the global specialty (re)insurance industry and Lloyd’s of London in particular.

Our founders were Lloyd’s former heads of analysis and research who also worked together in the capital markets and ILS. ICMR was established in early 2020 and launched the RISX Index in 2021.

Experience

ICMR was founded by Lloyd’s former heads of research and analysis Quentin Moore and Markus Gesmann.

Markus and Quentin were instrumental in the establishment of the Performance Management framework at Lloyd’s. Their teams have developed and established many of the performance reports and data driven assessment tools used today.

Having also worked together in the capital markets and ILS, they founded ICMR in early 2020 and launched the RISX Index in 2021.

 
 
 
 
 
Markus

Markus Gesmann

 
 
 
 
 
Quentin

Quentin Moore

  • 4 years as Head of Research at Lloyd’s of London and co-author of Chairman’s Strategy Group Consultation Document - Lloyd’s performance management template
  • Co-founder of investment bank ILS joint venture
  • Private Equity advisor on insurance assets and capital structuring
  • Co-founder of specialist London Market analytics firm
  • Former director of Lloyd’s managing agency and occasional university lecturer

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