March 29th, 2013

Week’s Top Stories: March 23 - 29, 2013

Posted at 9:00 AM ET

Chart Room: Reserve Cycle, General Liability Claims Made and Products Liability Claims Made: The lines have begun to show deteriorating results in the most recent accident years.

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Approaching April Renewals: As we approach the April 1 Japan reinsurance renewals, we review recent GC Capital Ideas stories focusing on Asia Pacific.

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Profitable Growth Opportunities: Here we present recent GC Capital Ideas stories focusing on profitable growth.

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Marsh United States Insurance Market Report 2013: Guy Carpenter sister company Marsh’s 2013 United States Insurance Report reveals that although U.S. commercial insurance rates are expected to continue firming in many lines of business and industry sectors in 2013, traditional signs of a conventional hard market are not evident as price increases are not uniform, capacity is plentiful and competition among insurers remains intense.

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Japan Values Long-Term Continuity: As in every past year, Japanese (re)insurers look to the January 1, 2013, reinsurance renewal for guidance as to the likely state of the market for their renewals at April 1. This year they will have been encouraged with a market characterized by excess capital, overcapacity and easing prices for loss-free business. This scenario is evidenced by the Guy Carpenter Global Property Catastrophe Reinsurance Rate on Line index, which fell at renewal, albeit marginally.

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Most Popular Keyword:  economic capital model

 

And, you may have missed…..

Extension of Guy Carpenter’s Asia Flood Model to China: Floods are among the most destructive hazards and as more people move to urban areas, flooding is having a growing impact on larger populations and economic losses.

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