October 16th, 2017

Guy Carpenter Reports US Insurance Market at a Crossroads but Opportunity Exists

Posted at 8:20 AM ET

303405_guy-carpenter_cover-2-sm1Guy Carpenter today released a study outlining a dynamic insurance industry facing a changing economy and pressure in once-stable lines, but with opportunity for those with management skill and understanding of risk.

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October 15th, 2017

Just Say “Know” to Insurtech - GC@PCI Commentary

Posted at 1:30 PM ET

claude-yoder-cropClaude Yoder, Global Chief Innovation and Product Development Officer

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  • As insurtech offerings proliferate, to gain the advantages promised, companies need to know the opportunities afforded; know their own strengths and capabilities for engagement; and know their clients’ needs and expectations
  • Insurtech is the evolutionary next step for insurance through the combination of data, analytics and technology in new and innovative ways
  • Capturing information in real time through sensors or mobile devices is the newest process for the collection of data for analytics

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October 15th, 2017

Reinsurance Market Poised to Remain Vibrant Following Recent Catastrophe Events - GC@PCI Commentary

Posted at 11:30 AM ET

priebe_david_photo-sm1David Priebe, Vice Chairman

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  • The recent series of catastrophic events - earthquakes in Mexico, Hurricanes Harvey, Irma and Maria - is reminding cedents that reinsurance is one of the most effective ways to protect corporate capital bases
  • Harvey on its own is likely an earnings event that will probably not require an increase of industry capital; the addition of the cumulative effect of the earthquakes in Mexico and Hurricanes Irma and Maria, however, could create a capital event
  • The earthquakes and hurricanes provide an opportunity to define the viability and effectiveness of the 144A product. We expect that these instruments will demonstrate their effectiveness and serve their intended purpose

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October 13th, 2017

Week’s Top Stories: October 7 - 13, 2017

Posted at 10:10 AM ET

Industry Must Act to Avoid a “Kodak Moment”: In his first speech as Lloyd’s new chairman, Bruce Carnegie-Brown said the insurance industry must do more to change and innovate or run the risk of being disrupted by external players.

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California Wildfires - October 8-10, 2017: Wildfire activity has recently rendered severe impacts to areas of California, including the Napa Valley area as well as areas east of the Los Angeles Metro area. The event is still developing, but media reports indicate more than a thousand structures burned with thousands more still under threat. At least 13 fatalities have been reported. Rates of extreme fire spread have been enabled by especially dry conditions together with offshore gusty winds.

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Insurers Must Digitalize To Meet Buyers’ Needs, Says Greenberg: The financial services industry - including insurance - will undergo massive change thanks to digitalization, Evan Greenberg, Chairman and CEO of Chubb Limited told MMC’s Young Professionals’ Global Forum.

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Hurricane Nate: Hurricane Nate made landfall on October 7 near the mouth of the Mississippi river and then near Biloxi, Mississippi as a Category 1 hurricane on the Saffir-Simpson Scale. Maximum sustained winds at landfall were 85 mph, according to the National Hurricane Center (NHC). Nate is the fourth hurricane to make U.S. landfall in the past two months and the first hurricane to make landfall in Mississippi since Hurricane Katrina (2005).

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Guy Carpenter Appoints Claude Yoder to Lead Global Innovation and Product Development: Guy Carpenter & Company is pleased to announce the appointment of Claude Yoder as Managing Director and Global Chief Innovation and Product Development Officer.

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And, You May Have Missed…

Scalability Critical to Developing Substantial Terrorism Market: Capacity is a major limiting factor in expanding remit; a small number of players are raising aggregation risk; cover is not reaching organizations that need it most.

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October 12th, 2017

Investors’ View of the Insurance Market

Posted at 4:00 AM ET

Here we review recent GC Capital Ideas posts on the investors’ view of the current state of the insurance market.

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October 11th, 2017

The Digitization of the Insurance Industry

Posted at 4:00 AM ET

Here we review recent GC Capital Ideas posts on the developing digitization of the insurance industry.

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October 10th, 2017

California Wildfires – October 8-10, 2017

Posted at 5:19 PM ET

calif-wildfires-oct-8-10-2017-sm

Wildfire activity has recently rendered severe impacts to areas of California, including the Napa Valley area as well as areas east of the Los Angeles Metro area. The event is still developing, but media reports indicate more than a thousand structures burned with thousands more still under threat. At least 13 fatalities have been reported. Rates of extreme fire spread have been enabled by especially dry conditions together with offshore gusty winds.

Continue reading…

October 10th, 2017

Hurricane Nate

Posted at 5:04 PM ET

hurricane-nate-smHurricane Nate made landfall on October 7 near the mouth of the Mississippi river and then near Biloxi, Mississippi as a Category 1 hurricane on the Saffir-Simpson Scale. Maximum sustained winds at landfall were 85 mph, according to the National Hurricane Center (NHC). Nate is the fourth hurricane to make U.S. landfall in the past two months and the first hurricane to make landfall in Mississippi since Hurricane Katrina (2005).

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October 10th, 2017

Industry Must Act to Avoid a “Kodak Moment”

Posted at 4:00 AM ET

In his first speech as Lloyd’s new chairman, Bruce Carnegie-Brown said the insurance industry must do more to change and innovate or run the risk of being disrupted by external players.

Continue reading…

October 9th, 2017

Economic Pressures Fueling the Course Taken By Decision Makers

Posted at 4:00 AM ET

Here we review recent GC Capital Ideas posts discussing the economic pressures that are fueling the course decision makers take to maintain growth.

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