Archive for the ‘Property’ Category



May 20th, 2019

Finding the Elusive Cyber Loss Curve Can Pay Big Dividends for Financial Institutions

Posted at 1:00 AM ET

cyber-handbook-cover-image-smallWhat is the likelihood that your organization will experience a material cyber event in the next 12 months? Is the risk greater than 50 percent? Less than 25 percent? These questions are ever-present on the minds of risk managers, who long for at least a practical - if not precise - answer.

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May 16th, 2019

Asia Pacific Focus – Insights from Guy Carpenter

Posted at 1:00 AM ET

Here we present a recap of recent thought leadership from Guy Carpenter focusing on important insurance and reinsurance topics in Asia Pacific.

Understanding Flood Risk in Malaysia Through Catastrophe Modeling: According to Malaysia’s Department of Irrigation and Drainage, the many rivers running through the country put about 9 percent of the total land area under flood risk, potentially affecting 2.7 million people. Rapid urbanization is only going to worsen the problem through rising population concentrations and at-risk infrastructure, land consumption and the channeling of water courses.

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Closing The Gap: Insurance Penetration and Public Sector Risk Financing in Asia Pacific: In recent years, the issue of low penetration in catastrophe insurance across the growing economies of Asia Pacific, and the critical protection gap between economic losses caused by natural disaster events and insurance-covered losses are receiving the attention they merit. The insurance industry can play a significant role in narrowing the gap to help ensure sustainable economic development in one of the most dynamic regions of the world.

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The Transformation of Australian and New Zealand Life Insurance: The life insurance industry in Australia is facing unprecedented challenges from forces within and from the effects of an increasingly globalized economy. As life industry profitability has declined in Australia in recent years, the underlying manufacturing business model is rapidly changing.

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Asia’s Health Care Industry Reels from Cyberattacks: Health care is one of the sectors most vulnerable to cyberattacks, with more than one in four (27 percent) health care organizations reporting that they have been a victim of a cyberattack in the past 12 months.

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May 15th, 2019

The Middle East and North Africa Risks Landscape

Posted at 1:00 AM ET

mena_risks_briefing_paper_cover-thumbnail1The results of climate inaction are becoming increasingly clear. The year 2018 was the fourth warmest on record (1). In the MENA region, Algeria had the hottest temperature - 51.3ºC - ever reliably recorded across the whole of Africa, and Oman recorded a minimum temperature of 42.6ºC (2). Rising temperatures led the United Nations to warn that melting ice sheets were causing sea-level rise to accelerate. The World Bank identified 24 port cities in the Middle East and 19 in North Africa at particular risk of rising waters (3).

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May 14th, 2019

Flood Risk Challenges in Asia

Posted at 1:00 AM ET

mark-weatherhead-finalFlood is one of the most significant natural catastrophe perils, globally accounting for nearly 40 percent of all catastrophe events. In 2017, floods accounted for nearly half of the natural catastrophe events and 65 percent of natural catastrophe deaths in the world - two thirds of the deaths occurring in Asia. According to the Lloyd’s City Risk Index, which examines flood risk as a percentage of GDP, nine of the top 10 cities at risk are located in Asia, according to Mark Weatherhead, Head of Model Development - International, Guy Carpenter.

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May 13th, 2019

A Risk Overview of Wildfire

Posted at 1:00 AM ET

Today, the frequency and severity of wildfires are garnering greater attention-not only from the media, but also from (re)insurers, catastrophe modelers, mitigation experts and other invested parties.

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May 7th, 2019

Chart: Combined Ratio for Guy Carpenter Reinsurance Composite, Year-End 2018

Posted at 1:00 AM ET

Chart presents combined ratio of the Guy Carpenter Global Reinsurance Composite, 2005 through year-end 2018.

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May 6th, 2019

Chart: Source of Earnings for Guy Carpenter Reinsurance Composite, Year-end 2018

Posted at 1:00 AM ET

Chart presents source of earnings for the Guy Carpenter Global Reinsurance Composite, comparing year-end 2017 with year-end 2018.

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May 6th, 2019

Chart: Return on Premiums for Guy Carpenter Reinsurance Composite, Year-end 2018

Posted at 1:00 AM ET

Chart presents return on premiums for the Guy Carpenter Global Reinsurance Composite, 2005 through year-end 2018.

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May 2nd, 2019

Understanding Flood Risk in Malaysia Through Catastrophe Modeling

Posted at 1:00 AM ET

Narathip Sutchiewcharn, Senior Vice President and Claudio Saffioti, Catastrophe Model Developer

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According to Malaysia’s Department of Irrigation and Drainage, the many rivers running through the country put about 9 percent of the total land area under flood risk, potentially affecting 2.7 million people. Rapid urbanization is only going to worsen the problem through rising population concentrations and at-risk infrastructure, land consumption and the channeling of water courses.

Continue reading…