September 14th, 2016

The Insurance Of Things & Industry 4.0 – A Matrix View

Posted at 1:00 AM ET

speed_morley_bioMorley Speed, Managing Director

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Technological progress and the accumulation of assets have not only stimulated the development of insurance products; they have in turn been nurtured by the availability of these offerings.

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September 13th, 2016

Guy Carpenter Sees Market Shift Towards Core Model Strategy - GC@MC Commentary

Posted at 3:00 AM ET

eagle_matthew-sm1Matthew Eagle, Head of International Analytics

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Industry Moves Away From Multi-Model Approach Given Current Market Conditions

Insurers and reinsurers are increasingly adopting a core model strategy based around a detailed assessment of its capabilities, instead of the multi-model or blended approach as investment in modeling capabilities comes under pressure, says Matthew Eagle, Head of GC Analytics® - International at Guy Carpenter.

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September 13th, 2016

Cat Modelling Challenges In Europe

Posted at 1:00 AM ET

weatherhead_mark-smMark Weatherhead, Head of Model Development - International

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2016 marks the 60th year of the Monte Carlo Rendez-Vous. Since the first event in 1957 the insurance world has changed significantly, with economic and insured losses from natural catastrophes such as floods and hurricanes increasing dramatically.

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September 13th, 2016

Industry Must Expand Terrorism-Related Cover - GC@MC Commentary

Posted at 12:00 AM ET

emma-karhan-smEmma Karhan, Managing Director

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Recent Shift in Terrorist Focus to Economic Upheaval Requires Expanded Business Interruption Cover

In the wake of recent terror-related attacks, the insurance industry must expand its role of supporting the financial resilience of economies. This includes further clarifying the industry’s position alongside government-sponsored terrorism pools, according to Emma Karhan, Managing Director, Guy Carpenter. Continue reading…

September 12th, 2016

(Re)Insurers Modifying Their Behavior Ahead Of A.M. Best’s New Ratings And BCAR Criteria - GC@MC Commentary

Posted at 3:00 AM ET

eric-simpson-smallmurray_mark-smEric Simpson, Managing Director and Mark Murray, Senior Vice President

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Industry Accelerates Risk Profile Analytics and Development of Their Own Risk Tolerances and Stochastic Capital Modeling

The launch of A.M. Best’s (Best) new ratings and Stochastic-based Best’s Capital Adequacy Ratio (BCAR) draft criteria became an inflection point for (re)insurers worldwide. The 2016 changes represent Best’s first major overhaul in over 20 years and are leading to a growing number of changes in market behaviors across the company size spectrum. (Re)insurers are assessing their risk and capital management positions in anticipation of the impacts of Best’s new requirements even though the changes will not result in massive differences in its published ratings nor likely become effective until later in 2017, according to Eric Simpson, Managing Director and Mark Murray, Senior Vice President of Guy Carpenter.

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September 12th, 2016

Solvency II: Greater Risk-Driven Management

Posted at 1:00 AM ET

andrew-cox-95eagle_matthew-smeddy-vanbeneden-sm21 Andrew Cox, Managing Director; Matthew Eagle, Head of GC Analytics - International and Eddy Vanbeneden, Managing Director

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On January 1, 2016, the Solvency II regulatory regime took effect. Some celebrated; others were weary from the months and years of preparation.

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September 12th, 2016

Managing Volatility Key To Solvency II Transition - GC@MC Commentary

Posted at 12:00 AM ET

paire-eric-smEric Paire, Head of Global Partners & Strategic Advisory, EMEA

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Movement Within Capital Ratios Leading to Uncertainty Amongst Mid-Size Companies

The impact of the Solvency II capital ratio on composite life and property/casualty balance sheets is proving more substantial than some companies initially expected, according to Eric Paire, Head of Global Partners & Strategic Advisory, EMEA at Guy Carpenter. This development is due to the double impact of market volatility and volatility within the solvency ratio itself.

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September 11th, 2016

“Visual Intelligence” Critical To Advancing Response Capabilities Globally – GC@ MC Commentary

Posted at 3:00 AM ET

beverley-adams-sm2Dr. Beverley Adams, Head of Catastrophe Planning & Response

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Industry Must More Effectively Harness Potential of Satellite, Drone and Aerial Technologies

Advances in the development of  ”visual intelligence” based on multiple data sources including satellite imagery and drone footage have the potential to significantly enhance claims and CAT response processes and underwriting decision making when companies harness that potential effectively, according to Dr. Beverley Adams, Head of CPR (Catastrophe Planning & Response) at Guy Carpenter.

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September 11th, 2016

A Tale of Two ILS Quarters

Posted at 1:00 AM ET

cory-anger-small2Cory Anger, Global Head of ILS Origination and Structuring, GC Securities*

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A tale of two insurance-linked securities (ILS) quarters is the theme of the first half of 2016 and highlights the divergence of the ILS market this year.

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September 11th, 2016

Disruptive Forces Redefining The Role Of Insurance - GC@MC Commentary

Posted at 12:00 AM ET

vicky-carter-smVictoria Carter, Vice Chairman, International Operations

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Industry Must Adapt and Innovate to Fully Grasp Opportunities

A series of fundamental disruptive forces are driving monumental changes in the global economy at an unprecedented rate. These forces compel the (re)insurance industry to adjust to the new reality and capitalize on the opportunities created, according to Victoria Carter, Vice Chairman of International Operations at Guy Carpenter.

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