August 25th, 2016

Private Market Solutions for Public Risk Exposure

Posted at 1:00 AM ET

Here we review GC Capital Ideas posts on how the private sector is exploring the development of innovative solutions for public sector risk exposures.

Continue reading…

August 24th, 2016

Emerging Risks: Modeling Considerations Moving Forward: Part II

Posted at 1:00 AM ET

william-garland-sm1Will Garland, Managing Director

Contact

Clearly, we are entering a new phase of technological advances that will bring new exposures that were not present in any historical database. For example, two areas where technology risk has rapidly become apparent are nanotechnology and drones. Chemical technology breakthroughs from nanotechnology involved in making stronger and enhanced materials may have unknown liability outcomes many, many years in the future. Drones and other technological advances remove human input into the machine’s operations.

Continue reading…

August 23rd, 2016

Emerging Risks: Modeling Considerations Moving Forward: Part I

Posted at 1:00 AM ET

william-garland-smWill Garland, Managing Director

Contact

Technological progress is accelerating at a rapid pace and with it are the risks and opportunities that accompany those changes in many different segments of our economy:

Continue reading…

August 22nd, 2016

Chart: Evolution of Market Price, Capacity, Limit for Terror Pools

Posted at 1:00 AM ET

Chart shows the evolution of international reinsurance market price, capacity and limit for terror pools from 2009 to 2014.

Continue reading…

August 19th, 2016

Week’s Top Stories: August 13 - 19, 2016

Posted at 6:30 AM ET

Chart: Percentage of Insured Versus Uninsured Natural Catastrophes (2000 To 2015): Chart shows the global percentage of insured natural catastrophe loss versus uninsured natural catastrophe loss for the period 2000 to 2015.

Read the article>>


U.S. Northern Gulf Floods: In the U.S. Northern Gulf States, a significant and historic flood event has affected areas of southern Louisiana and Mississippi. Flood impacts have been particularly severe in areas of Baton Rouge and Hammond, Louisiana. Media reports indicate at least six fatalities, several thousand water rescues and at least 2,700 homes affected. It will take some time to fully assess the scope and severity of impacts of this event, and our thoughts are with those lost and directly affected by this event.

Read the article>>


Bluecut And Clayton Wildfires, California: The Bluecut and Clayton fires have caused significant impacts to affected areas and pose an ongoing serious threat to life and property. No serious injuries or deaths have been reported, however, the fires have destroyed multiple structures. Our first thoughts and concerns are with those directly affected by this event.

Read the article>>


Risk Profile, Appetite, and Tolerance: Fundamental Concepts in Risk Management and Reinsurance Effectiveness: Prior to the recent turbulence in the financial markets, insurers and reinsurers were increasing their use of enterprise risk management (ERM) to make risk and capital management decisions. While this was driven in part by rating agencies and regulators, many carriers began to recognize the value of metric-based frameworks and capital models in evaluating their portfolios.

Read the article>>


Chart: Regional Property Catastrophe ROL Index, 1990 to 2016: The chart shows the indexes for United States, United Kingdom, Asia Pacific and Europe.

Read the article>>


And, You May Have Missed…

Gaining Optimum Value from ORSA: Own Risk and Solvency Assessment (ORSA) was first introduced as a regulatory requirement as a result of Solvency II. (Re)insurers would be wise to take note of the many similarities between Solvency II and the National Association of Insurance Commissioners’ (NAIC) ORSA and, where possible, avoid reinventing the wheel when trying to implement them. Now, and especially with the introduction of the Insurance Capital Standard (ICS), it is increasingly important for (re)insurers to avoid unnecessary, redundant and duplicative activity in the attainment of regulatory satisfaction by striving for a uniform framework to establish risk management and controls, corporate governance, transparency and disclosures across borders. In so doing, (re)insurers will gain optimum value from their ORSA.

Read the article>>


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

August 18th, 2016

GC Capital Ideas Top Chart Room Entries: First Half, 2016

Posted at 1:00 AM ET

From one of GC Capital Ideas’ more popular categories, we highlight the top Chart Room stories viewed during the first half of 2016:

Continue reading…

August 17th, 2016

Bluecut And Clayton Wildfires, California

Posted at 1:52 PM ET

bluecut-wildfire-smThe Bluecut and Clayton fires have caused significant impacts to affected areas and pose an ongoing serious threat to life and property. No serious injuries or deaths have been reported, however, the fires have destroyed multiple structures. Our first thoughts and concerns are with those directly affected by this event.

Continue reading…

August 17th, 2016

GC Capital Ideas Top Stories: Cyber Risk, First Half, 2016

Posted at 1:00 AM ET

Here we review the most popular stories on the subject of cyber through the first half of 2016.

Continue reading…

August 16th, 2016

Advancing Technologies Raise Issues for (Re)insurers

Posted at 1:00 AM ET

Here we review GC Capital Ideas posts on advancing technologies that are creating new opportunities and new risks for (re)insurers.

Continue reading…

August 15th, 2016

U.S. Northern Gulf Floods

Posted at 1:43 PM ET

north-gulf-flood1-sm2In the U.S. Northern Gulf States, a significant and historic flood event has affected areas of southern Louisiana and Mississippi. Flood impacts have been particularly severe in areas of Baton Rouge and Hammond, Louisiana. Media reports indicate at least six fatalities, several thousand water rescues and at least 2,700 homes affected. It will take some time to fully assess the scope and severity of impacts of this event, and our thoughts are with those lost and directly affected by this event.

Continue reading…