Archive for the ‘Property’ Category



February 21st, 2019

Building for Resilience: How to Avoid a Catastrophe Model Failure: Part II

Posted at 1:00 AM ET

Imelda Powers, Global Chief Catastrophe Modeler

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Model Suitability Analysis

There is a repertoire of tests, at both the macro and micro levels, to evaluate the merits of a CAT model.  Regardless of resources, insurers should analyze how each test’s result informs their view of risk. Here we review the macro level.

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February 20th, 2019

Risk Financing Strategies Needed as Exposure to Flood Increases

Posted at 1:00 AM ET

extreme-weather-2The affordability of flood resilience will become an increasingly critical issue as rising sea levels and urbanization expose a growing number of people and population centers to floods, says the World Economic Forum’s Global Risk Report 2019.

The 14th edition of the Global Risks Report, prepared with the support of Guy Carpenter’s parent company, Marsh & McLennan Companies, states that robust risk financing strategies will be required to fund investment in adaptation and to pay for recovery when floods occur. Continue reading…

February 19th, 2019

Sidecars: Capitalizing on Market Cycles to Improve Client Solutions

Posted at 1:00 AM ET

sweitzer_geoff_newphoto

Geoffrey Sweitzer, Managing Director, GC Securities*

Following U.S. hurricanes Katrina, Rita and Wilma in 2005 and the ensuing “hard” property catastrophe reinsurance market, reinsurers and investors increasingly started turning to sidecar insurance linked securities to access new and replacement capacity. Continue reading…

February 14th, 2019

Building for Resilience: How to Avoid a Catastrophe Model Failure: Part I

Posted at 1:00 AM ET

Imelda Powers, Global Chief Catastrophe Modeler

Contact

Since commercial catastrophe (CAT) models were first introduced in the 1980s, they have evolved as new scientific discoveries and claims insights emerged. Despite the sophisticated nature of each new generation of CAT models, occasionally a model misses a significant loss driver for a particular peril. This occurs when a previously hidden attribute reveals itself through unprecedented intensity. Lessons from such surprises stimulate model improvements as our understanding of the physics of the peril and its damage potential, increase. Through this process, models mature over time.

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February 13th, 2019

IoT Devices Increase Security Incident Risks

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Industrial control systems, smart buildings and homes, pacemakers, cameras, and even fish tanks - all of these Internet of Things (IoT) products have been hacked by cyber-attackers looking to disrupt networks and extort money from users, says the report The US Financial and Professional Lines Market in 2019: Our Top 10 List by Guy Carpenter’s affiliate company, Marsh. Continue reading…

February 12th, 2019

Chart: Global Property Catastrophe ROL Index

Posted at 1:00 AM ET

The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2019.

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February 11th, 2019

Cybersecurity, Strategic and Financial Risks to Dominate Risk Landscape

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thumbnailAccording to nearly 400 treasury professionals surveyed, strategic and financial risks, along with cybersecurity, will dominate the risk landscape for the next 18-36 months.

This finding from the 2019 AFP Risk Survey: The Evolving Treasury Ecosystem highlights the challenges facing finance and treasury professionals as they help their organizations navigate the deep disruption occurring across all economic sectors. Continue reading…

February 7th, 2019

Automobile Liability Segment Outlook

Posted at 1:00 AM ET

In 2017, writers of automobile (auto) liability insurance continued to cope with deteriorating combined ratios, which remained above 100 percent for the seventh consecutive year. While carriers have implemented effective strategies that improved their operations and as a result are achieving improved expense ratios, evolving market and environment factors continue to challenge auto insurers. Consequently, improved expense ratios and premium increases did not rise as rapidly as claims and losses. The outlook for the sector remains negative. Continue reading…

February 6th, 2019

Engaging the Workforce in Digital Transformation: A New Model to Enable Your Digital Strategy

Posted at 1:00 AM ET

For an organization to succeed in adopting technological solutions they must find ways to engage their workforce in the digital transformation or they will fall behind their competitors. Continue reading…