Archive for May, 2017



May 31st, 2017

Guy Carpenter Appoints Hans van Oort as Managing Director of Benelux Operations

Posted at 11:00 PM ET

Guy Carpenter & Company today announced the appointment of Hans van Oort as Managing Director, Guy Carpenter Benelux, effective December 1, to further strengthen the regional team.

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May 31st, 2017

Public-Private Sector Initiatives Address Catastrophe Risk Exposure

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts about public-private sector initiatives working to help alleviate the strain on the public balance sheet post catastrophe event.

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May 30th, 2017

The Growing Exposure to Cyber Risk

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts about the development of cyber insurance to meet the growing risk exposure from technological advancement.

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May 29th, 2017

GC Capital Tip: Tagging

Posted at 1:00 AM ET

Every article on GC Capital Ideas is “tagged.” Tags are keywords used to label a particular article. Since few stories deal with only one topic, tags give you several ways to find the information you need. To see an article on a specific subject, just click a tag at the end of an article. Examples include reinsurance rates, cyber and catastrophe bonds. Within each article, key terms are set up as links to tags, as well. Clicking one of these links (see the examples in the previous sentence) is the same as clicking a tag. It shows you all stories related to that keyword.

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May 26th, 2017

Week’s Top Stories: May 20 — 26, 2017

Posted at 6:30 AM ET

Chart: The Matrix of Cyber and Property Lines Insurance Coverage: Chart examines the policy coverage matrix between cyber and property lines of insurance coverage. Below shows how the four types of subject matter (columns A-D) are generally covered by direct policies, relative to the various types of cyber and property perils (rows 1-5). Where cover is predominantly provided by property or cyber, the relevant icon is shown in blue. Where there is a degree of ambiguity, or coverage is limited, the icon is shown in gray.

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Guy Carpenter Sees Market Shift Towards Core Model Strategy: Insurers and reinsurers are increasingly adopting a core model strategy based around a detailed assessment of its capabilities, instead of the multi-model or blended approach as investment in modeling capabilities comes under pressure, says Matthew Eagle, Head of GC Analytics® - International at Guy Carpenter.

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Evolving Risks Landscape: 2008–2017: Social and environmental risks have supplanted economic ones as issues of greatest concern among respondents to the Global Risks Perception Survey. The survey was completed by almost 750 members of the World Economic Forum’s global multistakeholder community and the results analyzed in the World Economic Forum 2017 Global Risks Report, which was published by the World Economic Forum with support from Marsh & McLennan Companies and other partners.

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New Study Identifies Winners in Growing Insurtech Space: A new report from consulting firm Oliver Wyman and insurtech investor Policen Direkt analyzes insurtech business models worldwide and pinpoints winners and losers.

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Disruptive Forces Redefining the Role of Insurance: Fundamental disruptive forces are driving monumental changes in the global economy at an unprecedented rate. These forces compel the (re)insurance industry to adjust to the new reality and capitalize on the opportunities created.

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And, You May Have Missed…

Chart: Return On Equity for Guy Carpenter Reinsurance Composite, YE 2016: Chart presents return on equity for the Guy Carpenter Global Reinsurance Composite, 2005 through year-end 2016.

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May 25th, 2017

New Study Identifies Winners in Growing Insurtech Space

Posted at 1:00 AM ET

A new report from consulting firm Oliver Wyman and insurtech investor Policen Direkt analyzes insurtech business models worldwide and pinpoints winners and losers.

Continue reading…

May 24th, 2017

Guy Carpenter Sees Market Shift Towards Core Model Strategy

Posted at 1:00 AM ET

eagle_matthew-sm1Matthew Eagle, Head of International Analytics

Contact

Industry Moves Away From Multi-Model Approach Given Current Market Conditions

Insurers and reinsurers are increasingly adopting a core model strategy based around a detailed assessment of its capabilities, instead of the multi-model or blended approach as investment in modeling capabilities comes under pressure, says Matthew Eagle, Head of GC Analytics® - International at Guy Carpenter.

Continue reading…

May 23rd, 2017

Evolving Risks Landscape: 2008—2017

Posted at 1:00 AM ET

Social and environmental risks have supplanted economic ones as issues of greatest concern among respondents to the Global Risks Perception Survey. The survey was completed by almost 750 members of the World Economic Forum’s global multistakeholder community and the results analyzed in the World Economic Forum 2017 Global Risks Report, which was published by the World Economic Forum with support from Marsh & McLennan Companies and other partners.

Continue reading…

May 22nd, 2017

Chart: The Matrix of Cyber and Property Lines Insurance Coverage

Posted at 1:00 AM ET

Chart examines the policy coverage matrix between cyber and property lines of insurance coverage. Below shows how the four types of subject matter (columns A-D) are generally covered by direct policies, relative to the various types of cyber and property perils (rows 1-5). Where cover is predominantly provided by property or cyber, the relevant icon is shown in blue. Where there is a degree of ambiguity, or coverage is limited, the icon is shown in gray.

Continue reading…

May 19th, 2017

Week’s Top Stories: May 13 — 19, 2017

Posted at 6:30 AM ET

Disruptive Forces Redefining the Role of Insurance: Fundamental disruptive forces are driving monumental changes in the global economy at an unprecedented rate. These forces compel the (re)insurance industry to adjust to the new reality and capitalize on the opportunities created.

Read the article>>


Canada Flood Events, May 6 - 11: A slow-moving upper-level weather pattern with an embedded frontal system has brought periods of heavy rainfall to areas of eastern Canada to include the Saint Lawrence, Ottawa and Rideau Rivers and surrounding watersheds. The heavy rainfall together with melting snow has caused significant flooding for areas of southern Québec and eastern Ontario to include areas of Montréal and the National Capital Region. Flood control measures in north Montréal were also compromised, causing the flood threat to amplify. At least 4,141 homes have been flooded in Québec.

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Chart: Top Ten Catastrophe Bond Transactions for 2016: The table lists the top ten catastrophe bond transactions that were completed in 2016.

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Public Sector Risk Financing Perspectives in Asia Pacific: According to United Nations estimates, 54 percent of the world’s population lives in Eastern, Southern and Southeastern Asia. The region hosts 778 million urban inhabitants and seven out of the world’s top ten most populated cities. The region is also home to every major peril - from cyclone to tsunami - and has experienced some of the world’s largest catastrophes based on economic loss. While there are natural catastrophes all over the world, Asia is a unique confluence of people and perils.

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Insurtech in China: Revolutionizing the Insurance Industry: China’s capital markets aren’t yet mature enough to support financial innovation; meanwhile, existing state-owned financial institutions are not reforming quickly enough. This gap in supply has provided opportunities for Chinese fintech players - who are being supported by rapidly growing online ecosystems and a tech-savvy population - in diverse fields ranging from investing to payments.

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And, You May Have Missed…

Assessing Insurers in a Period of Rapid Change: Insurance Equity Analyst Survey 2016: Guy Carpenter has collaborated with Mercer to survey insurance equity analysts to understand the possible objectives and aspirations of insurance company shareholders. Incorporating or at least considering the views of various stakeholders will be critical for insurers in ensuring that they are moving along the right path, especially in this uncertain environment.

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