Guy Carpenter and Oliver Wyman Publish Third Annual Insurance Risk Benchmarks Report: Guy Carpenter and its sister company, Oliver Wyman, the international management consulting firm, published the third annual Insurance Risk Benchmarks in September of 2013. We highlight the report here again.
Reinsurance Renewals in 2014: As we complete the April 1, 2014 reinsurance renewal, we review the GC Capital Ideas renewal stories of 2014.
10 Most Popular Chart Room Entries: Here we review one of GC Capital Ideas more viewed categories, the Chart Room, with the top 10 most popular stories viewed since March 1st.
ERM Benchmark Review Update 2013: Here we bring together the GC Capital Ideas four part Enterprise Risk Management Update story for 2013.
Catastrophe Bond Outlook for 2014: The growing influence of alternative markets capacity is pressuring traditional reinsurers’ business model and challenging them to compete against a model with lower-cost of capital that continues to enter the reinsurance market. Most reinsurance companies have responded to the challenge by leveraging their incumbent status on reinsurance programs, offering similar or better terms and similar or reduced pricing. Particularly, traditional players are emphasizing their ability to efficiently provide reinstatements, which are seen by many as a critical part of core reinsurance programs, particularly for working reinsurance layers.
And, You May Have Missed…
Americas Catastrophe Review, 2013: As with Europe, 2013 was a year of flood in the Americas, with notable events in Alberta, Toronto and Colorado. The flood event in the Calgary, Alberta area of Canada resulted in estimated insured losses of around USD2 billion, with economic losses of USD4.8 billion. This event, combined with flash-flooding in Toronto, Ontario in July, meant Canada experienced its most expensive insured catastrophe loss year on record.
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