Guy Carpenter offers a comprehensive suite of tools to help clients manage their terrorism risks. i-aXs®, our web-based data management platform, allows insurers to quantify their exposure to a potential terrorist attack and highlight concentrated areas in their portfolio. Managing exposure to terrorism loss is an integral function within i-aXs, with several different tools on offer to help insurers assess their largest levels of accumulation.
Posts Tagged ‘i-aXs’
Guy Carpenter is uniquely positioned to help clients successfully grow their business in emerging markets. Our GC Global Analytics and Advisory team offers services and solutions that include industry-leading risk analytics, strategic and technical advice and capital advisory. We employ over 300 modeling, actuarial and advisory professionals through our GC Analytics®**, Global Advisory and GC Securities* teams who closely collaborate with Guy Carpenter’s global broking force to deliver the best insights and growth opportunities to our clients. We encourage you to contact your Guy Carpenter representative to review and discuss your modeling, advisory and capital needs in more detail. Among the specific services and tools we utilize and offer are proprietary modeling, the i-aXs® data management platform, MetaRisk®, portfolio management, predictive analytics, advisory services and actuarial expertise.
Guy Carpenter has published a new briefing: Superstorm Sandy: Initial Impacts and Implications
The difficult 2012 renewals were a culmination of a challenging 12 months for the (re)insurance sector. The heavy catastrophe losses of 2011 came at a time (re)insurers faced serious economic headwinds, with subdued and historically low interest rates. Concern also remains over the sovereign debt crisis in Europe and the prospect of higher inflation in certain key economies. 2012 is likely to be another challenging year for the sector, but growth opportunities exist for companies that have the industry’s best tools, advice and analysis at their disposal.
As Karen Clark, founder of AIR and now an independent consultant, has said, “the black box started out as a useful tool for decision making, but then it grew to be very big and very powerful; the black box now makes the decisions (4).” While somewhat hyperbolic, there is also much truth to this aphorism. Models are tools, and a good tool user understands the strengths and limitations of the tool.
Guy Carpenter is uniquely positioned to help clients manage their terrorism risks around the world. Our GC Analytics® team offers services and solutions that include industry-leading proprietary catastrophe models, actuarial services and capital models. We encourage you to contact your Guy Carpenter representative to review and discuss your modeling and capital needs in more detail.
Guy Carpenter offers a comprehensive suite of tools to help clients manage their terrorism risks. i-aXs®, our web-based data management platform, allows insurers to quantify their exposure to a potential terrorist attack and highlight concentrated areas in their portfolio. Managing exposure to terrorism loss is an integral function within i-aXs, with several different tools available to help insurers assess their largest levels of accumulation.
Another strong earthquake hit New Zealand’s South Island at 02:20 UTC on June 13 (14:20 local time), destroying buildings already weakened by two previous earthquakes that hit the region in September 2010 and February 2011. The latest event, measuring 6.0 Mw, was located 13 kilometers (8 miles) west of Christchurch and centered a shallow 9 kilometers (5.6 miles) underground, according to the US Geological Survey (USGS). The New Zealand Institute of Geological and Nuclear Sciences (GNS Science) recorded a magnitude of 6.3 for the event. According to the USGS, more than 430,000 people live in areas impacted by a Modified Mercalli Intensity (MMI) of V or higher. Christchurch, New Zealand’s second largest city with a population of around 364,000, experienced intensity VII on the MMI scale, equivalent to severe shaking with the potential to cause heavy damage to vulnerable structures and moderate/heavy damage to more resistant structures. The event was preceded by a 5.2 Mw earthquake and around 40 aftershocks have been recorded. GNS Science has warned the latest seismic activity is likely to trigger new aftershocks.
Heavy rainfall has triggered severe floods across central and southern regions of the United States since April as the Mississippi River overflowed and flooded thousands of homes and businesses. High levels of precipitation, combined with springtime snowmelt, caused the Mississippi River and many of its tributaries to rise to record levels. Nine states have been affected by major flooding, with Missouri, Kentucky, Tennessee, Arkansas, Mississippi and Louisiana particularly badly hit. President Barack has Obama declared the western counties of Kentucky, Tennessee and Mississippi federal disaster areas.
With the start of the Atlantic hurricane season just a few days away, Guy Carpenter has summarized the various forecasters’ predictions for the 2011 season. AccuWeather, the Colorado State University (CSU), the National Oceanic and Atmospheric Administration (NOAA) and Weather Services International (WSI) have released forecasts for the forthcoming season and there seems to be a general consensus that 2011 will see above-average activity with an increased risk of hurricane landfalls in the United States. The most recent forecasts are outlined in the table below.