Posts Tagged ‘Asia’



April 23rd, 2015

Review of Flood Peril

Posted at 1:00 AM ET

With the recent release of Guy Carpenter’s G-CAT® Canada flood model, we review earlier GC Capital Ideas stories on the flood peril: 

 

Malaysia Floods: December 2014-January 2015: In response to demand for detailed maps showing the extent of flooding in December 2014 through January 2015, Guy Carpenter activated its CAT-VIEW℠ event response service to produce flood footprints based on unmanned airborne vehicles (UAV) imagery.

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Guy Carpenter Publishes Flood Risks in Asia - A Detailed Study: Guy Carpenter released a new report titled Flood Risk in Asia - A Detailed Study. The report provides an in-depth study of the flood potential in Asia along with the prevention and protection systems in place.

Read the article>> 

 

Guy Carpenter Launches Satellite-based Catastrophe Evaluation Service: Guy Carpenter launched its new satellite-based catastrophe evaluation service, GC CAT-VIEW℠, with the announcement that it has started using the service to provide clients affected by the recent UK floods with initial insured loss estimates.

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April 2nd, 2015

Insured Cat Losses – Asia/Australasia – 2014

Posted at 1:00 AM ET

Asia and Australasia endured their share of both natural and man-made catastrophes in 2014 with 23 percent of estimated global insured losses in 2014. Notable events in the region included the disappearance of Malaysian Airlines Flight 370 in the first quarter and the crash of AirAsia Flight 8501 near Indonesia in December.

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March 30th, 2015

Global Catastrophe Overview– 2014

Posted at 1:00 AM ET

2014 was a quiet year, with significant insured losses totaling around USD33 billion. Insured losses were below the ten-year and five-year moving averages of around USD59 billion and USD56 billion, respectively (see graphs below).

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March 18th, 2015

Guy Carpenter Publishes Scenario Risk Report for Asia Pacific Region

Posted at 12:30 AM ET

Guy Carpenter today released a new scenario risk report titled Tsunami Risk from Magnitude 9.4 Earthquake in Manila Trench. The report provides an in-depth study of the tsunami risk from a moment magnitude 9.4 earthquake along the Manila Trench, including the Hong Kong area, Taiwan, Kota Kinabalu, Macau, Manila and Vietnam. Among the regions studied in the report, the worst case scenario predicts the highest risks in southwest Taiwan, specifically up to 4 meters at the Port of Kaohsiung, Taiwan’s principal port and the sixth largest container port in the world.

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March 4th, 2015

Malaysia Floods: December 2014-January 2015

Posted at 1:00 AM ET

In response to demand for detailed maps showing the extent of flooding in December 2014 through January 2015, Guy Carpenter activated its CAT-VIEW℠ event response service to produce flood footprints based on unmanned airborne vehicles (UAV) imagery.

Continue reading…

February 24th, 2015

2014 Insured Losses Hit Lowest Level in Five Years

Posted at 11:45 PM ET

Guy Carpenter today released its annual Global Catastrophe Review, which reports that insured losses in 2014 were at the lowest level seen since 2009. According to the report, significant insured losses in 2014 totaled approximately USD33 billion, a dramatic drop when compared to the historic insured losses seen in 2011, which totaled approximately USD126 billion.

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November 2nd, 2014

Demand for Asia Pacific Catastrophe Reinsurance Remains High in 2014

Posted at 3:30 PM ET

Guy Carpenter today published a new report highlighting the continued increase in 2014 of total Asia Pacific catastrophe limit purchased. However, a confluence of factors, including the weakening of some key zone currencies has meant that reinsurance premium spend in the region has declined significantly.

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October 29th, 2014

Guy Carpenter Publishes Flood Risks in Asia — A Detailed Study

Posted at 4:30 PM ET

Guy Carpenter today released a new report titled Flood Risk in Asia - A Detailed Study. The report provides an in-depth study of the flood potential in Asia along with the prevention and protection systems in place.

Continue reading…

September 13th, 2014

GC Videocast - Rendez-Vous Press Briefing 2014 (James Nash) Asia Pacific Sees Increased Understanding and Quantification of Catastrophe Risk

Posted at 2:17 PM ET

2014-mc-nash-photoJames Nash, CEO of Asia-Pacific Operations, Guy Carpenter, considered the potential that existed in Asia-Pacific. “It is a blend of mature and emerging markets,” he said, “full of opportunities and challenges, and it requires all market participants to have a broad and diverse set of skills and offerings.” He continued: “As regulation develops across the region, and insurers are open to a wider array of modelling options by vendor and peril, we are seeing an increase in the understanding and quantification of the catastrophe risk in the region. This in turn leads to more transparent risk and capital management decision-making,” but, “at this stage the majority of alternative capital activity remains in the mature markets of Japan and Australia.”

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July 28th, 2014

The Drivers of Agriculture Insurance in Asia, Part III: What Influences Agriculture Insurance?

Posted at 1:00 AM ET

peter_book_-smaller-hs3Peter Book, Head of Agriculture, Asia Pacific

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Having recognized what is driving agriculture and the importance of risk transfer, the next step is to look at what is influencing the insurance of agriculture and the impact of certain agents, ranging from governments to the (re)insurance industry.

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