Archive for October, 2018



October 31st, 2018

Flood Risk Challenges in Asia - GC@SIRC Commentary

Posted at 9:00 PM ET

mark-weatherhead-finalMark Weatherhead, Head of Model Development, International

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  • Asia is particularly prone to flooding because of three factors: hydrology, population density and mitigation rate
  • To improve loss assessments, hazard data should be combined with other data types, such as probabilistic event sets and defense information
  • Guy Carpenter has made a significant investment in data and technology to help our clients improve their understanding of flood risk

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October 30th, 2018

The Transformation of Australian and New Zealand life insurance - GC@SIRC Commentary

Posted at 8:00 PM ET

matthew_rose_01Matthew Rose, Managing Director

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  • Foreign companies are seeking the long-term growth opportunities that the Australian market offers
  • Insurers are gaining understanding of the significance of efficient and dynamic restructuring of their capital
  • Regular discussions ensure that covers are properly structured to reflect current risk/capital needs

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October 30th, 2018

Mortgage Credit Risk Transfer Market – Expanding Growth Opportunities - GC@PCI Commentary

Posted at 1:00 AM ET

tedeschi_john_300x300John Tedeschi, Executive Vice President

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  • GSEs programmatically use (re)insurance to transfer mortgage credit risk
  • Rate of mortgage loan default low due to impact of regulatory changes affecting banks and loan originators
  • GSEs ceded over USD 20 billion of limit into the global (re)insurance market

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October 29th, 2018

Closing the Gap: Insurance Penetration and Public Sector Risk Financing in Asia Pacific - GC@SIRC Commentary

Posted at 10:00 PM ET

michael-schwarz_resizedMichael Schwarz, Head of Public Sector, Asia Pacific

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  • Our industry should be a critical contributor to increasing community resilience against volatility and shocks to their environments
  • Public-private risk-transfer partnerships offer a huge opportunity for the insurance industry to grow. However, one size does not fit all. In addition to technical expertise, specific knowledge and understanding of client needs are essential
  • Recent functional risk transfer mechanisms are using data, analytics and modeling to spur change in the landscape around flood, droughts and other perils

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October 29th, 2018

2018 Asia Pacific Catastrophe Reinsurance Report

Posted at 9:00 PM ET

Guy Carpenter has released its 2018 Asia Pacific Catastrophe Reinsurance Report. The report reviews property catastrophe cover trends; market conditions, including losses and pricing; and catastrophe events in each of the major Asia Pacific countries during 2018.

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October 29th, 2018

Life: Emerging Competition and the Need to Remake the Reinsurance Relationship - GC@PCI Commentary

Posted at 9:00 AM ET

rains_david-5-2015-reduced-sizeDavid Rains, Managing Director

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  • Life reinsurance value prop a combination of risk capital, differentiated underwriting knowledge and value-added services
  • Availability of capital and insurers’ success in closing knowledge gap in underwriting reduce need to purchase risk protection
  • Reinsurers can position their InsurTech and advanced technologies to make advisory services a core deliverable

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    October 29th, 2018

    As Insurance Market Cycle Evolves, Carriers Must Review Underwriting Strategies

    Posted at 8:00 AM ET

    Guy Carpenter has completed its annual review of property & casualty (P&C) results and found that insurers’ operating environment today is very different than just a few short years ago.

    Formerly stable lines produced significant volatility in 2017, while others that often struggle to produce underwriting returns enjoyed multi-decade highs in profitability. And the familiar underwriting cycle has decoupled materially across long-tail casualty lines, with profitability, growth and reserve development moving in widely different directions by line and segment. These are just a few of the findings reported in the company’s 2018 Risk Benchmarks Research Report, which focuses on the risk and performance of US P&C insurers. Continue reading…

    October 29th, 2018

    Solutions for Improving Profitability in the Commercial Auto Liability Line - GC@PCI Commentary

    Posted at 1:00 AM ET

    durant_nick_photo_0088-croppedNick Durant, Managing Director

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    • Unexpected acceleration in claims frequency related to increased road mileage and congestion
    • Insurers use sophisticated models to analyze new and existing data for optimized pricing and risk selection
    • InsurTech solutions are emerging that permit insurers to price their risks with more accuracy

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    October 28th, 2018

    Are You at Risk? Managing Affirmative and Silent Cyber Risk Accumulation - GC@SIRC Commentary

    Posted at 9:00 PM ET

    herde_thomas_photoThomas Herde, Head of Casualty Specialty, Asia Pacific

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    • Regardless of whether an insurer offers “affirmative” cyber cover, it will likely be exposed to “silent” cyber
    • Most insurers evaluate their silent cyber exposure by way of scenario
    • We are actively assisting our clients in managing their cyber accumulation (affirmative and silent)

    Continue reading…