We present here the top stories on microinsurance that have appeared on GC Capital Ideas, recently.
Reactions Magazine Recognizes Two Guy Carpenter Specialists as Industry “Rising Stars”: Reactions magazine has selected two Guy Carpenter & Company specialists as part of its sixth annual “Rising Stars” feature. Published in the February issue, the prestigious list honors the “names to watch in insurance, reinsurance and broking,” those recognized as having the potential to serve as “the next generation of leaders in the insurance industry.” (Alex Bernhardt, Head of GC Micro Risk Solutions (SM))
Guy Carpenter Asia Pacific Catastrophe Report; Executive Summary: The Asia Pacific region has significant exposure to a wide variety of catastrophe perils: within the region lie some of the world’s most active earthquake areas, the northwest Pacific typhoon zone and numerous other localized threats of windstorm, flood, hail, snow, freeze and fire. In fact such catastrophe exposures could be said to be the “greatest” of any region of the world. These exposures generate a clear need for insurance for commercial ventures and for individuals with economic well-being and reinsurance for the insurance company aggregators of this exposure.
Microinsurance: A Market with Untapped Potential: In 2008 Guy Carpenter was awarded an Innovation Grant by the Microinsurance Innovation Facility to develop risk transfer capacity for microinsurance risks throughout the developing world. Since then, Guy Carpenter has worked tirelessly with microfinance institutions (MFIs), insurers and reinsurers worldwide to narrow the gap between microreinsurance market supply and demand.
GC Videocast - Rendez-Vous Press Briefing, International Growth (Henry Keeling): Henry Keeling, President and CEO, International Operations, Guy Carpenter & Company, describes the restructured European organization of Guy Carpenter. New teams, new individuals and strengthened and enhanced operations have been set up in many territories in Europe. New leaders are focusing on European operations and many global Guy Carpenter executives are now based in Europe. The new structure provides a platform for integrating the analytical and broking sides of our business.
Guy Carpenter & Company a Media Partner at MicroInsurance Summit 2010, London: Microinsurance, an emerging category of microfinance, works in a manner similar to traditional commercial insurance - except products are designed for and distributed to low-income populations, predominantly in emerging economies that have had historically low insurance penetration. Because this corner of the market is relatively new, many insurers find it difficult to write “micro” policies with little access to loss history, exposure data, and other essential underwriting information. Without access to reinsurance, the situation becomes even more challenging.