Archive for the ‘Top Stories’ Category



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

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 28th, 2018

Facultative or Treaty and Why the Need for Hybrid Solutions - GC@PCI Commentary

Posted at 1:00 AM ET

fleming_jeffJeff Fleming, Managing Director

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  • Facultative and treaty reinsurance offer a host of benefits, but each can be burdened with inflexibilities that limits the utility
  • A reinsurance solution that draws on fac and treaty enables insurers to purchase cover that meets unique needs of their profiles
  • GC Hybrid Solutions(SM), with fixed pricing and set capacity, frees cedents from administrative burdens of fac and provides protection for unexpected events

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October 13th, 2018

Hurricane Michael

Posted at 11:11 AM ET

michael-smallHurricane Michael made landfall on October 10 as a high-end Category-4 hurricane on the Florida Panhandle, with maximum sustained winds of 155 mph. The storm rendered severe to complete damage to areas from Panama City to Port Saint Joe, with especially severe damage in Mexico Beach due to severe wind and storm surge. Damage due to wind has caused roof and wall collapse, especially for cinderblock construction and even commercial properties. Some coastal areas of Mexico Beach have been scoured to the foundation by storm surge and wave battering. At least twelve fatalities have been reported by media, although this number could rise as damage survey and search and rescue efforts continue. Our thoughts and concerns are with those lost and directly affected by this event. Hurricane Michael is the strongest hurricane to affect the Continental U.S. since Hurricane Andrew (1992).

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October 11th, 2018

Healthcare & Cyber Risk – Takeaways

Posted at 1:00 AM ET

We conclude the series on Healthcare & Cyber Risk by listing the five key takeaways from the study Holding Healthcare to Ransom by Marsh & McLennan Companies Asia Pacific Risk Center. Continue reading…

October 4th, 2018

Marsh & McLennan Cyber Resilience Insights Microsite

Posted at 1:00 AM ET

As we enter National Cybersecurity Awareness Month, a new resource from Marsh & McLennan Companies collates the best insights on cyber resilience from across the firm and its strategic cyber partnerships. Continue reading…

October 3rd, 2018

Cybersecurity Awareness

Posted at 1:00 AM ET

On the start of the 15th Cybersecurity Awareness Month, GC Capital Ideas has collected our recent articles that offer insights into this very critical risk. Cyber risk and security will remain a top priority for the foreseeable future. In addition to hackers and cyber criminals continuously developing new methods of attack, state-sponsored cyber-attacks have occurred according to the U.S. government. Continue reading…

October 1st, 2018

Super Typhoon Trami

Posted at 6:53 PM ET

trami-2-bigIn the West-Pacific Basin, Typhoon Trami made landfall in the city of Tanabe, Japan (Wakayama prefecture) on 30 September at around 11 UTC (8 PM local time), according to media reports. Before reaching Honshu, the typhoon had rendered considerable impacts while making close approach to Okinawa, Kyūshū and Shikoku Islands. Trami brought significant flood impacts as a result of heavy rainfall and storm surge, as well as variable property damage due to wind. Significant power outages and transportation disruption have been reported by media. Over 4.3 million people were given evacuation orders or advisories. Media reports indicate at least four fatalities and 120 injured. It will take time to fully assess the complete scope and severity of the event, and our first thoughts and concerns are with those directly affected.

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September 25th, 2018

Finding the ‘Right’ InsurTech – The Efficient and Insurance-centric Strategy

Posted at 1:11 PM ET

claude-yoder-crop1Claude Yoder, Global Head of Innovation and Product Development

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The transformational advances that have impacted nearly everything we do are quickly catching up with the insurance industry and the urgency to further automate and integrate technology into the business is rapidly rising.

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