Posts Tagged ‘emerging risk’



February 27th, 2018

Three Takeaways from Global Risks Report 2018

Posted at 1:00 AM ET

grr2018-cover_hirescroppedMarsh & McLennan, in collaboration with the World Economic Forum, launched the 13th edition of the Global Risks Report. The report offers a rich perspective on the major threats to global prosperity. The global risks landscape is being shaped by the extraordinary pace of change, characterized by rapid technological advances (such as AI and automation) on the one hand, and seismic shifts in the political and geopolitical landscape on the other.

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August 25th, 2015

Mid-Year Report: Executive Summary, Part I

Posted at 1:00 AM ET

The (re)insurance industry continues to evolve and adapt to a changing market on many fronts. Recent areas of focus include heightened cyber security risk, increased regulation, political and economic uncertainty, low interest rates and slow economic growth. At the same time, (re)insurers are managing new capital inflows, excess capacity and few catastrophe losses.

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July 7th, 2015

Cyber-attacks: Mounting Concerns

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas stories on mounting concerns over cyber-attacks.

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June 17th, 2015

Cyber-attacks: Mounting Concerns

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas stories on mounting concerns over cyber-attacks.

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March 19th, 2015

Modeling Beyond Property CAT Risk

Posted at 1:00 AM ET

Here we review recent GC Capital Idea stories on catastrophe models that focus on exposures beyond catastrophe property risk:

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March 9th, 2015

Cyber-attacks: Mounting Concerns

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas stories on mounting concerns over cyber-attacks.

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December 4th, 2014

Casualty Catastrophe Risk Modeling: Part II

Posted at 1:00 AM ET

Casualty catastrophe occurrences have become increasingly common over the past decade. The recent 2008 financial catastrophe is the easiest to cite, due to its sheer size and the fact that it continues to unfold even today. But, there have been many others. The collapse of the “dotcom economy” led to scandals around initial public offering laddering and equity analyst conflicts of interest. Accounting firms were not alone in suffering financial loss related to such debacles as Enron, WorldCom, Tyco and Adelphia. While insured losses did not reach those of property catastrophes, economic damages were profound. Enron’s loss of USD66 billion in market capitalization alone - not including the economic damage caused to other companies - was more than double that of Hurricane Ike (approximately USD30 billion). The financial catastrophe is estimated to have caused economic damage of above USD1 trillion, with more likely to follow. When considered in the context of the Deepwater Horizon industrial accident, the casualty catastrophe that unraveled from the largest US offshore energy event over the past 40 years was by no means remote. Beyond the initial property loss of the actual drilling rig, liability risk in paying claims continues to extend and ripple throughout the supply chain involved as well as the environmental impact to numerous coastal and commercial businesses. Asbestos litigation, perhaps the longest casualty catastrophe on record, has paid out over USD70 billion and by some accounts may be entering its third wave. Therefore, asbestos is an emerging crystalizing risk that needs to be continuously monitored, measured and modeled for those who continue to be exposed to it.

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December 3rd, 2014

Casualty Catastrophe Risk Modeling: Part I

Posted at 1:00 AM ET

Casualty (or liability based) catastrophes have become increasingly frequent and severe over the past decade, exposing (re)insurers to much more risk than they may have realized and reserved for. One root cause can trigger a chain reaction that can bleed balance sheets and even imperil solvency. Until recently, casualty carriers had little choice but to accept this risk as losses emerged.

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December 2nd, 2014

Emerging Risk: RMS Global Probabilistic Terrorism Model

Posted at 1:00 AM ET

Risk Management Solutions (RMS) released an updated Probabilistic Terrorism Model (PTM) in July 2012, version 3.1.2. The new model revised the annual frequency of a terrorist attack on US soil. No updates were made to geographies outside the United States.

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