Author Archive



February 23rd, 2018

Week’s Top Stories: February 17 - 23, 2018

Posted at 11:00 AM ET

Marsh & McLennan Companies Climate Resilience Handbook, 2018: Marsh & McLennan Companies has developed a comprehensive framework to help organizations think through all aspects of climate resilience. The 2018 MMC Climate Resilience Handbook provides concise cases that will change the way you think about climate in the context of your organization in three categories of action.

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From Risk to Resilience: Marsh & McLennan Companies Cyber Handbook 2018: Perspectives on the Next Wave of Cyber: Cyber risk continues to grow as technology innovation increases and societal dependence on information technology expands. A new and important turning point has been reached in the struggle to manage this complex risk. In the war between cyber attackers and cyber defenders, we have reached what Winston Churchill might call “the end of the beginning.”

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Guy Carpenter on Modeling: Two Views: “Managing Cat Model Change” provides Guy Carpenter’s best practices on model change frequency and management. “To Bend or Blend?” delivers insights on which modeling technique you should use when developing your own view of risk.

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By the Numbers: Global Cyber Risk Perception Survey: Cyber risk is now at the forefront of the corporate risk agenda, but cyber risk management strategies are not keeping pace despite an increasingly complex threat environment and escalating potential financial impact. A new global survey of more than 1,300 executives, undertaken by Guy Carpenter sister organization Marsh in partnership with Microsoft, examines cyber risk concerns and management strategies by organizations of all sizes in a range of industries worldwide.

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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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And, you may have missed….

Guy Carpenter Reports Capital Growth and Market Resilience Despite 2017 Losses: Guy Carpenter has released an estimate of year-end reinsurance capital levels and results of the January 2018 reinsurance renewal. According to the analysis, capital dedicated to reinsurance continued to grow in 2017 despite catastrophe losses. Due to ongoing excess supply and overall market resilience at January 1, rate firming was generally moderate and pricing shifts focused on client-specific justification.

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February 22nd, 2018

From Risk to Resilience: Marsh & McLennan Companies Cyber Handbook 2018: Perspectives on the Next Wave of Cyber

Posted at 1:22 AM ET

Cyber risk continues to grow as technology innovation increases and societal dependence on information technology expands. A new and important turning point has been reached in the struggle to manage this complex risk. In the war between cyber attackers and cyber defenders,we have reached what Winston Churchill might call “the end of the beginning.”

Continue reading…

February 21st, 2018

By the Numbers: Global Cyber Risk Perception Survey

Posted at 1:00 AM ET

cybersurvey_1200x600-2Cyber risk is now at the forefront of the corporate risk agenda, but cyber risk management strategies are not keeping pace despite an increasingly complex threat environment and escalating potential financial impact. A new global survey of more than 1,300 executives, undertaken by Guy Carpenter sister organization Marsh in partnership with Microsoft, examines cyber risk concerns and management strategies by organizations of all sizes in a range of industries worldwide.

Continue reading…

February 20th, 2018

Guy Carpenter on Modeling: Two Views

Posted at 10:45 AM ET

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“Managing Cat Model Change” provides Guy Carpenter’s best practices on model change frequency and management. “To Bend or Blend?” delivers insights on which modeling technique you should use when developing your own view of risk. Continue reading…

February 20th, 2018

Managing Catastrophe Model Change

Posted at 9:38 AM ET

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Incorporating new hazard and claims insights can improve the estimates derived from catastrophe models. By re-analyzing historical events using the latest scientific methods or refining claims with more granular geographical and line of business breakdowns, we can update models with the latest expertise and data. But model changes that yield large swings in loss estimates for frequent events must be carefully scrutinized to understand assumptions and processes in order to truly support ownership of risk.

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February 19th, 2018

Marsh & McLennan Companies Climate Resilience Handbook, 2018

Posted at 1:00 AM ET

Marsh & McLennan Companies has developed a comprehensive framework to help organizations think through all aspects of climate resilience. The 2018 MMC Climate Resilience Handbook provides concise cases that will change the way you think about climate in the context of your organization in three categories of action.

February 16th, 2018

Week’s Top Stories: February 10 - 16, 2018

Posted at 10:00 AM ET

New Vehicle Matches The Right Capital To Risk: Corporations and governments accessing long-term capital markets-based protection can now receive unparalleled support and expertise that bring the right capital to their risks through the unique strengths and synergies of a new vehicle, relates Cory Anger, Global Head of ILS Origination and Structuring, GC Securities.*

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Association of Financial Professionals/Marsh & McLennan Risk Survey Report: 2018: Finance and treasury professionals are looking to adopt technologies such as artificial intelligence, blockchain and robotic process automation, but few are prepared for the new business risks that may be associated with these technologies - especially cyber, business operations and regulatory risks.

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Exploring the Excess & Surplus Industry - E&S Market Update and Projections: The excess and surplus (E&S) lines segment of the insurance industry continues to be the essential market for risks for which¬† the standard insurance market typically does not offer coverage. From extremely hazardous conditions to highly unique business operations and unproven new products, these unconventional risks are often complex and challenging. The E&S market’s challenge is to develop products to cover these exposures utilizing its expertise and freedom of rate and form.

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Guy Carpenter Global Reinsurance Composite: Third Quarter 2017: Here we bring together recent Chart Room posts highlighting performance of the Guy Carpenter Global Reinsurance Composite.

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Chart: Top Ten Significant Insured Loss Events: 2017: The table lists the latest estimates for the top ten significant insured loss events for 2017.

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And, you may have missed….

Cyber Risk: The Stakes Have Changed for the C-Suite: Three major cyber events in 2017 set new precedents for the scope of damage wrought by cyber-attacks. This new report from Marsh & McLennan Companies and FireEye identifies the trends that are further complicating this new cyber reality, including regulation and new attack vectors, and recommends tangible actions that executives and board members can take to manage the risks.

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*Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities LLC, a US registered broker-dealer and member FINRA/NFA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd. (MMCSEL), which is authorized and regulated by the Financial Conduct Authority, main office 25 The North Colonnade, Canary Wharf, London E14 5HS. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities LLC, MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product.

February 15th, 2018

Exploring the Excess & Surplus Industry: E&S Market Update and Projections

Posted at 2:00 AM ET

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The excess and surplus (E&S) lines segment of the insurance industry continues to be the essential market for risks for which¬† the standard insurance market typically does not offer coverage. From extremely hazardous conditions to highly unique business operations and unproven new products, these unconventional risks are often complex and challenging. The E&S market’s challenge is to develop products to cover these exposures utilizing its expertise and freedom of rate and form.

Continue reading…

February 14th, 2018

Guy Carpenter Global Reinsurance Composite: Third Quarter 2017

Posted at 1:00 AM ET

Here we bring together recent Chart Room posts highlighting performance of the Guy Carpenter Global Reinsurance Composite.