November 9th, 2018

Week’s Top Stories: November 3 - November 9, 2018

Posted at 10:00 AM ET

Silent Cyber Explained: “Silent cyber,” also known as unintended or non-affirmative coverage, refers to the unknown or unquantified exposures stemming from cyber perils that may be triggered within traditional property and liability insurance policies. The systemic nature of the cyber risk means silent cyber may become increasingly more prevalent in virtually every type of insurance policy.

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Evolving Terror Threats - Innovation Needed to Meet Changing Demands: New modes of attack are causing a shift from large terrorist events aimed at property destruction to less sophisticated attacks causing mass casualties and fear. With global commerce, tourism and financial markets impacted, demand is growing for modeling, capacity and protection-gap solutions to increase resiliency against such attacks.

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Facultative or Treaty and Why the Need for Hybrid Solutions: Insurers face challenges in managing underwriting, capital protection, risk and risk profiling as they navigate underwriting guidelines based on their gross and net risk underwriting appetite. Against these challenges, companies utilize various forms of reinsurance, traditionally facultative or treaty, to buy risk protection, shore up capital and satisfy rating agencies, according to Jeff Fleming, Managing Director, Guy Carpenter.

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Solutions for Improving Profitability in the Commercial Auto Liability Line: One of the major factors affecting property/casualty industry profitability in the United States in recent years has been the poor performance of the commercial auto liability (CAL) line. On both a Calendar and Accident Year basis, industry CAL underwriting results have been deteriorating for the past decade. Accident Year combined ratios have been above 105 percent since 2010, and carriers are feeling the pressure to reverse this trend. Related lines of business such as umbrella, have also felt the adverse effects of challenging loss trends driven by CAL. It is an open question regarding which will arrive first: autonomous cars and trucks or underwriting profits for CAL writers, believes Nick Durant, Managing Director, Guy Carpenter.

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Baden-Baden Reinsurance Symposium Explores Market Impact of Global (Re)insurance Composites: Guy Carpenter hosted the Reinsurance Symposium in Baden-Baden on October 21, the 10th year that Guy Carpenter has hosted the event. The theme of the Symposium was “Back to the past: a return to global composites.”

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And, you may have missed..

Recent Thought Leadership from Guy Carpenter – North America Focus: Here we present a recap of recent thought leadership from Guy Carpenter focusing on important insurance and reinsurance topics in North America.

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