July 24th, 2014

The Drivers of Agriculture Insurance in Asia, Part II: Factors At Play

Posted at 1:00 AM ET

peter_book_-smaller-hs2Peter Book, Head of Agriculture, Asia Pacific

Contact

Some would argue that individual governments have limited means to control the demand side of the equation. In respect of drivers such as food security and standard of living they are likely to be the main protagonists for change. Certainly the agricultural production sector and individual producers have even less influence.

Continue reading…

July 23rd, 2014

The Drivers of Agriculture Insurance in Asia, Part I: Introduction

Posted at 1:00 AM ET

peter_book_-smaller-hsPeter Book, Head of Agriculture, Asia Pacific

Contact

Greater demands are being placed on Asia’s agricultural sector as the region’s rapidly changing economies and their increasingly affluent populations seek to boost living standards. This, in turn, will fuel the development of insurance products necessary to underpin the growth in agriculture.

Continue reading…

July 22nd, 2014

2014 Tropical Cyclone Landfall Predictions

Posted at 1:00 AM ET

A recent study shows it is possible to use a regional climate model to more accurately predict the number of tropical cyclone formations compared to predictions based solely on a global climate model. 

Continue reading…

July 21st, 2014

Guy Carpenter’s Global Marine & Energy Specialty appoints Head of EMEA & International P&I Business

Posted at 11:40 PM ET

Guy Carpenter announced the appointment of Simon Smith as Head of EMEA & International P&I Business, effective September 1.  

Continue reading…

July 21st, 2014

Atlantic Hurricane Season: What We Know Can Happen — Historical Impacts: Hurricane Betsy

Posted at 1:00 AM ET

Hurricane Betsy made landfall on Key Largo, Florida, in 1965 with estimated winds of 125 mph — a Category 3 hurricane on the Saffir-Simpson scale — before entering the Gulf of Mexico.

Continue reading…

July 18th, 2014

Week’s Top Stories: July 12 — 18, 2014

Posted at 8:00 AM ET

Chart: U.S. Landfall To Basin Ratio - Detected Hurricanes (1900-2013): The chart indicates that the proportion of hurricanes counted in the Atlantic Basin and those that made landfall has been very volatile through the years. While there is indeed a weak correlation between hurricane counts in the Atlantic Basin and the number of U.S. landfalls, statistical significance is a subject of some debate in the scientific community (Coughlin et al., 2009; Dailey et al., 2009).

Read the article>> 

 

July 1 Renewals Reveal Continued Double Digit Price Decreases Across Many Lines and Geographies: Guy Carpenter reports that market pressures at July 1 renewals continued to drive price decreases across virtually all geographies and lines of business, many in the double digit range. As loss activity remained minimal, reinsurers added to surplus capacity and additional capital continued to come into the market via alternative sources.

Read the article>> 

 

2014 Atlantic Hurricane Season Part III: What Are We Preparing For Anyway?: Any hurricane can produce wind, surge and inland flood impacts. The severity and scope of impacts is not always consistent with ratings on the Saffir-Simpson scale, particularly for surge as we have seen with Katrina (2005) and Sandy (2012).

Read the article>> 

 

Chart: Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on Line index is presented for 1990 through 2014. The index fell by 11 percent at January 1, 2014.

Read the article>> 

 

Chart: Combined Ratio for Guy Carpenter Composite, Q1 2014: Chart presents combined ratio for the Guy Carpenter Global Reinsurance Composite, 2004 through first quarter, 2014.

Read the article>>

 

And, You May Have Missed…

The Total Value of Reinsurance for Long-Tail Business: Can we learn from Solvency II to unlock the hidden value of reinsurance for long-tail business?

Read the article>> 

 

Click here to register to receive e-mail updates>>

July 17th, 2014

Atlantic Hurricane Season: What We Know Can Happen — Historical Impacts: Hurricane Andrew

Posted at 1:00 AM ET

Hurricane Andrew made U.S. landfall in 1992. The storm originated from a tropical wave and experienced disruptive wind shear until arriving in the West Atlantic. Once in the West Atlantic, Andrew first reached hurricane status on the morning of August 22 and then developed explosively into a Category 5 hurricane on the Saffir-Simpson scale with maximum sustained winds of 165 mph when it made landfall on Florida’s coast.

Continue reading…

July 16th, 2014

Atlantic Hurricane Season: What We Know Can Happen — Historical Impacts: Hurricane Charley

Posted at 1:00 AM ET

Hurricane Charley made U.S. landfall in 2004 with maximum sustained winds of 145 mph, a Category 4 hurricane on the Saffir-Simpson scale. Storm surge of six to seven feet was observed near Sanibel and Estero Islands, Florida.

Continue reading…

July 15th, 2014

Chart: U.S. Landfall To Basin Ratio — Detected Hurricanes (1900-2013)

Posted at 1:00 AM ET

The chart indicates that the proportion of hurricanes counted in the Atlantic Basin and those that made landfall has been very volatile through the years. While there is indeed a weak correlation between hurricane counts in the Atlantic Basin and the number of U.S. landfalls, statistical significance is a subject of some debate in the scientific community (Coughlin et al., 2009; Dailey et al., 2009).

Continue reading…

July 14th, 2014

2014 Atlantic Hurricane Season Part III: What Are We Preparing For Anyway?

Posted at 1:00 AM ET

james-waller2James Waller, Ph.D, Research Meteorologist

Contact

Any hurricane can produce wind, surge and inland flood impacts. The severity and scope of impacts is not always consistent with ratings on the Saffir-Simpson scale, particularly for surge as we have seen with Katrina (2005) and Sandy (2012).

Continue reading…