Posts Tagged ‘Guy Carpenter’



May 8th, 2019

A Dynamic Approach to Managing Life Reinsurance Arrangements: Part I

Posted at 1:00 AM ET

Matthew Rose, Managing Director; Justin Ward, Senior Vice President; and Victor Hai, Senior Vice President

Contact

The traditional life reinsurance model typically involves perpetual treaties linked to an underlying product. In order to create alignment between the contracting parties, the treaty would follow the underlying terms of the product. However, the treaty structure may concurrently include provisions that reduce alignment between the insurer and reinsurer, to the insurer’s detriment. This approach is often wrapped in the reinsurer’s “value proposition” - providing services to support the pricing, underwriting and claims management of the underlying product.

Continue reading…

May 7th, 2019

Chart: Combined Ratio for Guy Carpenter Reinsurance Composite, Year-End 2018

Posted at 1:00 AM ET

Chart presents combined ratio of the Guy Carpenter Global Reinsurance Composite, 2005 through year-end 2018.

Continue reading…

May 6th, 2019

Chart: Source of Earnings for Guy Carpenter Reinsurance Composite, Year-end 2018

Posted at 1:00 AM ET

Chart presents source of earnings for the Guy Carpenter Global Reinsurance Composite, comparing year-end 2017 with year-end 2018.

Continue reading…

May 6th, 2019

Chart: Return on Premiums for Guy Carpenter Reinsurance Composite, Year-end 2018

Posted at 1:00 AM ET

Chart presents return on premiums for the Guy Carpenter Global Reinsurance Composite, 2005 through year-end 2018.

Continue reading…

May 2nd, 2019

Understanding Flood Risk in Malaysia Through Catastrophe Modeling

Posted at 1:00 AM ET

Narathip Sutchiewcharn, Senior Vice President and Claudio Saffioti, Catastrophe Model Developer

Contact

According to Malaysia’s Department of Irrigation and Drainage, the many rivers running through the country put about 9 percent of the total land area under flood risk, potentially affecting 2.7 million people. Rapid urbanization is only going to worsen the problem through rising population concentrations and at-risk infrastructure, land consumption and the channeling of water courses.

Continue reading…

April 30th, 2019

Flood Event – Saint Lawrence and Ottawa Valley

Posted at 1:32 PM ET

ottawa-valley-smallSummary

A significant flood event has affected portions of the Ottawa and Saint Lawrence River Valleys and surrounding watersheds. The flooding is a result of recent snowmelt from a significant snowpack, coupled with recent periods of heavy rainfall affecting the area. Evacuations have affected over 9,500. Several thousands of homes have been inundated by the resulting floodwaters, and several thousand more are under threat in eastern Ontario and western Québec.

Continue reading…

April 30th, 2019

Closing The Gap: Insurance Penetration and Public Sector Risk Financing in Asia Pacific

Posted at 1:00 AM ET

michael-schwarz_resizedIn recent years, the issue of low penetration in catastrophe insurance across the growing economies of Asia Pacific, and the critical protection gap between economic losses caused by natural disaster events and insurance-covered losses are receiving the attention they merit. The insurance industry can play a significant role in narrowing the gap to help ensure sustainable economic development in one of the most dynamic regions of the world, according to Michael Schwarz, Head of Public Sector - Asia Pacific, Guy Carpenter.

Continue reading…

April 29th, 2019

Methodological Considerations in the Statistical Modeling of Catastrophe Bond Prices

Posted at 1:00 AM ET

major_john_gcciJohn Major, Director of Actuarial Research

Contact

John Major has authored an article that aims to help actuaries, financial analysts, statisticians, data scientists and their clients better investigate how property catastrophe risk, and particularly catastrophe bonds, are  priced.

As in any technical discipline, statistical modeling has its customs, templates and default modes of operation, which are typically learned early in a practitioner’s education. These practices persist as “standard operating procedures,” to be modified as needs arise. The purpose of this article is to challenge those default modes as they have appeared in 21st century-published catastrophe bond pricing research.

Continue reading…

April 25th, 2019

Investing in a Time of Climate Change – The Sequel

Posted at 1:00 AM ET

A new report, Investing in a Time of Climate Change — The Sequel, documents Mercer’s latest climate scenario model for assessing the effects of both climate-related physical damages (physical risks) and the transition to a low-carbon economy (transition risks) on investment return expectations. The Sequel models three climate change scenarios, a 2°C, 3°C and 4°C average warming increase on preindustrial levels, over three timeframes - 2030, 2050 and 2100.

Continue reading…