June 1st, 2018

Week’s Top Stories: May 26 - June 1, 2018

Posted at 10:13 AM ET

Terrorism Risk Modeling Poses Challenges: Terrorism risk modeling methods have been continually updated since leading modeling companies AIR Worldwide and Risk Management Solutions released their first terrorism models in 2002. Quantifying the economic, insured and human losses from terrorist attacks poses major challenges for insurers, reinsurers and alternative capacity providers.

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More Firms Using Captives to Finance Emerging Risks: Captive growth has not been a “numbers only” trend. Captives have spread geographically into dozens of countries, evolved into multiple forms and financed a variety of risks. Most industries now have captives, with notable year-over-year growth in the Asia-Pacific region and the largest captives becoming even bigger and more strategic.

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The 2017 Hurricane Season Was Among the Top-Ten-Most-Active, But Was Not Entirely Unprecedented: As the 2018 hurricane season approaches, we take a look back at the 2017 season. It was among the top-ten most-active seasons in recorded history since 1900 for the North Atlantic Basin.

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Chart: Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2018.

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Guy Carpenter Bermuda Promotes Jenni Rowntree Estis to Head of Operations: Guy Carpenter today announced that Bermudian Jenni Rowntree Estis has been promoted to the role of Head of Operations, Senior Vice President, Broking.  In the new role as Head of Operations, Mrs Rowntree Estis will oversee IT, human resources, finance and client administration services at the company and maintain administration, monitoring, reporting, communication and liaison on all company affairs with executives.

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And, you may have missed….

Wearables, Drones and the Internet of Things: The Next Wave of Workplace Safety and Claims Mitigation: The advent of connected devices and the Internet of Things (IoT) is opening exciting new doors in the insurance industry. The auto liability market has transformed from one in which underwriting relied on proxy variables such as driving history, demographics and credit scores to one in which telematics and real-time, personalized driving statistics inform risk assessment.

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