Posts Tagged ‘Catastrophes’



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

Contact

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.

Continue reading…

September 13th, 2016

Cat Modelling Challenges In Europe

Posted at 1:00 AM ET

weatherhead_mark-smMark Weatherhead, Head of Model Development - International

Contact

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.

Continue reading…

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

Contact

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.

Continue reading…

August 31st, 2016

Rates That Reflect Risk

Posted at 1:00 AM ET

Insurance marketplaces that are stable and viable in the long-term succeed when insurers offer policies and coverages at premium rates that are appropriate and are subject to the requirements and standards of not being excessive, inadequate or unfairly discriminatory. At the same time, premium rates should be balanced and take past and prospective loss and expense experience into consideration. When these factors are not successfully accomplished, a public sector solution often emerges.

Continue reading…

August 24th, 2016

Emerging Risks: Modeling Considerations Moving Forward: Part II

Posted at 1:00 AM ET

william-garland-sm1Will Garland, Managing Director

Contact

Clearly, we are entering a new phase of technological advances that will bring new exposures that were not present in any historical database. For example, two areas where technology risk has rapidly become apparent are nanotechnology and drones. Chemical technology breakthroughs from nanotechnology involved in making stronger and enhanced materials may have unknown liability outcomes many, many years in the future. Drones and other technological advances remove human input into the machine’s operations.

Continue reading…

August 23rd, 2016

Emerging Risks: Modeling Considerations Moving Forward: Part I

Posted at 1:00 AM ET

william-garland-smWill Garland, Managing Director

Contact

Technological progress is accelerating at a rapid pace and with it are the risks and opportunities that accompany those changes in many different segments of our economy:

Continue reading…

August 15th, 2016

Chart: Percentage of Insured Versus Uninsured Natural Catastrophes (2000 To 2015)

Posted at 1:00 AM ET

Chart shows the global percentage of insured natural catastrophe loss versus uninsured natural catastrophe loss for the period 2000 to 2015.

Continue reading…

August 9th, 2016

Chart: Overall Losses and Insured Losses 1980 To 2014

Posted at 1:00 AM ET

Chart shows the widening gap between economic loss and insured loss for the period 1980 to 2014.

Continue reading…

June 30th, 2016

GC Securities* Catastrophe Bond Placements For First Six Months Of 2016

Posted at 1:00 AM ET

Here we review GC Capital Ideas posts on GC Securities* placement of catastrophe bonds completed over the first six months of 2016.

Continue reading…

March 21st, 2016

Guy Carpenter Cites El Niño and North Atlantic Oscillation as Key Climate Drivers in 2015

Posted at 11:30 PM ET

Guy Carpenter today reported that 2015 marked one of the strongest El Niño periods on record, while a positive phase of the North Atlantic Oscillation (NAO) was evident both at the beginning and close of the year.

Continue reading…