Posts Tagged ‘Catastrophe’



February 8th, 2018

Chart: Global Property Catastrophe ROL Index

Posted at 1:00 AM ET

The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2018.

Continue reading…

January 18th, 2018

Increasing External Demands Compel Companies to Improve Risk Management Disclosures

Posted at 1:00 AM ET

Guy Carpenter released its latest Enterprise Risk Management (ERM) Benchmark Review that provides an in-depth analysis of risk management practices and policies of 67 insurance and reinsurance companies located in Europe, United States, Bermuda, and Asia-Pacific. Based on publicly-available data from financial and risk reports, Guy Carpenter’s ERM Benchmark Review reveals that most (re)insurers are managing capital with metric-based frameworks and are publishing more about their risk management targets than seen in Guy Carpenter’s 2009 analysis. Capital market, legislative, and regulatory influences, such as the approaching implementation of Solvency II, are expected to further compel company managements to better recognize and analyze the risks of their enterprises.

Continue reading…

January 15th, 2018

Interoperability: A Case For Open Source

Posted at 1:00 AM ET

peter-hearn-2-smPeter Hearn, President & CEO

Contact

  • Industry-wide call for increased transparency in cat modeling
  • Interoperability facilitates collaboration of multiple data sources
  • Open source models allow insurers to develop own view of risk

Continue reading…

December 19th, 2017

Addressing Flood Peril

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts on Guy Carpenter’s efforts to address the flood peril.

Continue reading…

November 2nd, 2017

Asia Pacific Catastrophe Report 2017: Executive Summary: Protection Gap and Convergence Capital

Posted at 4:00 AM ET

cover-thumb1The proportion of losses uninsured in the Asia Pacific region remains high. For example, examination of this year’s major landfalling typhoons in China shows a wide discrepancy between economic and insured losses.

Continue reading…

November 1st, 2017

Asia Pacific Catastrophe Report 2017: Executive Summary: Losses

Posted at 4:00 AM ET

cover-thumbInsured losses in Australia and New Zealand were the largest events. The region was also impacted by floods in China, India and Thailand and an earthquake in China. Once again, flood was a major contributor to economic losses in the region, but often in areas where insurance penetration was limited. Flood is difficult for (re)insurers to model, but Guy Carpenter has made significant steps to help clients deal with the problems.

Continue reading…

October 31st, 2017

Asia Pacific Catastrophe Report 2017: Executive Summary

Posted at 4:00 AM ET

cover-thumbA year marked by generally benign loss experience and few large catastrophe events meant that rates continued to remain positive for buyers in the Asia Pacific region throughout 2017. At the same time, the trend for steady growth in limit purchased continued. Much of the new limit purchased tends to be at the top of programs, and this feeds through to lower overall average rates on line (ROL), which is also reflected in the indices.

Continue reading…

October 17th, 2017

California Wildfires – October 8-17, 2017 - Update

Posted at 6:52 PM ET

calif-wildfires-10-8-17-smWildfire activity has rendered especially severe impacts to certain areas of California since October 8, including areas of Napa, Sonoma and Solano Counties. Wildfire activity has also rendered impacts to areas of Orange County east of the Los Angeles Metro area. Rates of extreme fire spread were enabled by especially dry conditions together with offshore gusty winds to burn a total of at least 217,566 acres since October 8. Media reports indicate at least 41 fatalities, making this the deadliest series of fires in California history. At least 5,700 structures have been destroyed and thousands more remain under threat. Containment efforts have made significant progress in the last week, thanks to efforts of at least 10,000 firefighters and reduced winds. Cooler conditions with an increase in moisture are expected this week with a chance for some precipitation over Northern California, according to the U.S. National Weather Service (NWS); this should support containment efforts. It will take some time to fully ascertain the full scope and severity of this event, and our first thoughts and concerns are with those lost and directly affected.

Continue reading…

October 16th, 2017

Flood Insurance: The 2018 Market Opportunity - GC@PCI Commentary

Posted at 8:30 AM ET

hayes_j_bio-sm1kulik-john-sm3Jonathan Hayes, Managing Director and John Kulik, Senior Vice President

Contact

  • The U.S. insurance industry is actively seeking new opportunities for growth in a challenging market by identifying untapped customer needs. The potential flood market is over five times the size of the most often mentioned new market, cyber insurance
  • Greater access to flood data and loss results and more reliable exposure modeling are enhancing the flood (re)insurance marketplace
  • Several developments are helping carriers understand and monitor aggregation

Continue reading…