Posts Tagged ‘cyber’



October 17th, 2017

Understanding Systemic Cyber Risk; Insights Through Pandemic Behavior - GC@PCI Commentary

Posted at 11:30 AM ET

platt-jeremybhamory-crop-smshafer-chris-sm1

Jeremy S. Platt, U.S. Cyber Specialty Practice Leader, Guy Carpenter; Bruce Hamory M.D., Chief Medical Officer for Health and Life Sciences at Oliver Wyman Consulting and Christopher Shafer, Assistant Vice President, Guy Carpenter

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  • Jeremy S. Platt is Managing Director and U.S. Cyber Specialty Practice Leader at Guy Carpenter; Bruce Hamory, M.D. is a Partner and Chief Medical Officer for Health and Life Sciences at Oliver Wyman Consulting. They represent operating companies of Marsh & McLennan Companies.

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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 4th, 2017

GC Capital Ideas Top Chart Room Entries: Third Quarter, 2017

Posted at 4:00 AM ET

From one of GC Capital Ideas’ more popular categories, we highlight the top Chart Room stories viewed during the third quarter of 2017.

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September 20th, 2017

Cyber Risk – Opportunities and Challenges

Posted at 1:30 AM ET

Here we review recent GC Capital Ideas posts on the opportunities and challenges cyber risk presents for the insurance industry.

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September 8th, 2017

Industry Must Develop Common Cyber Risk Currency – GC@MC Commentary

Posted at 1:30 AM ET

morley-speed-final-smc-morley-smMorley Speed, Managing Director and Carolyn Morley, Chairman, Global Casualty

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  • Data integrity and availability as critical as data confidentiality
  • Limited ability to quantify dependency a major cyber inhibitor
  • Challenge to build clearly differentiated cyber portfolio

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August 17th, 2017

The Insurance Of Things & Industry 4.0 – A Matrix View: Part III: Business Interruption Following Non-Physical Damage

Posted at 1:00 AM ET

morley-speed-small22Morley Speed, Managing Director

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Column D (below) outlines the areas in which cyber insurance would be expected to operate. However, to date, the cover has focused on data breaches rather than business interruption (BI) arising from disruption of industrial control systems.

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August 16th, 2017

The Insurance Of Things & Industry 4.0 – A Matrix View: Part II

Posted at 1:00 AM ET

morley-speed-small21Morley Speed, Managing Director

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Broadly speaking, the material world is covered by the property line and the virtual world by the cyber line. However, the demarcation is not absolutely clear, resulting in some overlaps in cover but also, more worryingly, some gaps in cover.

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August 15th, 2017

The Insurance Of Things & Industry 4.0 – A Matrix View: Part I

Posted at 1:00 AM ET

morley-speed-small2Morley 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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July 20th, 2017

The Impact of Insurtech

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts on the growing interest in insurtech and its impact on the insurance industry.

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July 6th, 2017

GC Capital Ideas Top Chart Room Entries: First Half, 2017

Posted at 1:00 AM ET

From one of GC Capital Ideas’ more popular categories, we highlight the top Chart Room stories viewed during the first half of 2017:

1. Top Ten Significant Insured Loss Events: 2016: The table lists the latest estimates for the top ten significant insured loss events for 2016.

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2. The Matrix of Cyber and Property Lines Insurance Coverage: Chart examines the policy coverage matrix between cyber and property lines of insurance coverage. Below shows how the four types of subject matter (columns A-D) are generally covered by direct policies, relative to the various types of cyber and property perils (rows 1-5). Where cover is predominantly provided by property or cyber, the relevant icon is shown in blue. Where there is a degree of ambiguity, or coverage is limited, the icon is shown in gray.

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3. Combined Ratio for Guy Carpenter Reinsurance Composite, YE 2016: Chart presents combined ratio for the Guy Carpenter Global Reinsurance Composite, 2005 through year-end 2016.

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4. Where do (Re)insurers See Biggest Growth Opportunities?: Chart highlights the result of a survey taken of 107 insurance and reinsurance professionals conducted by Guy Carpenter at the 2016 annual meeting of the Property Casualty Insurers Association of America when asked where they see the biggest growth opportunities.

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5. Top Ten Catastrophe Bond Transactions for 2016: The table lists the top ten catastrophe bond transactions that were completed in 2016.

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