The numerous challenges the insurance industry faces mean that innovation is critical to tackling them. Rob Bentley, Chief Executive Officer of Guy Carpenter’s Global Strategic Advisory, describes how Guy Carpenter is helping its clients manage these challenges—especially the conundrum of InsurTech, in an interview that appeared in Intelligent Insurer magazine.

Rate pressure, lower investment income, emerging risks, evolving technologies, new capital sources and regulatory changes are creating an environment in which earnings and growth are impacted. How do companies find opportunity in such conditions?

Continue reading…

The numerous challenges the insurance industry faces mean that innovation is critical to tackling them. Rob Bentley, Chief Executive Officer of Guy Carpenter’s Global Strategic Advisory, describes how Guy Carpenter is helping its clients manage these challenges—especially the conundrum of InsurTech, in an interview that appeared in Intelligent Insurer magazine.

Rate pressure, lower investment income, emerging risks, evolving technologies, new capital sources and regulatory changes are creating an environment in which earnings and growth are impacted. How do companies find opportunity in such conditions?

Continue reading…

David Rains, Managing Director

Contact

• Life reinsurance value prop a combination of risk capital, differentiated underwriting knowledge and value-added services
• Availability of capital and insurers’ success in closing knowledge gap in underwriting reduce need to purchase risk protection
• Reinsurers can position their InsurTech and advanced technologies to make advisory services a core deliverable

Continue reading…

Guy Carpenter has completed its annual review of property & casualty (P&C) results and found that insurers’ operating environment today is very different than just a few short years ago.

Formerly stable lines produced significant volatility in 2017, while others that often struggle to produce underwriting returns enjoyed multi-decade highs in profitability. And the familiar underwriting cycle has decoupled materially across long-tail casualty lines, with profitability, growth and reserve development moving in widely different directions by line and segment. These are just a few of the findings reported in the company’s 2018 Risk Benchmarks Research Report, which focuses on the risk and performance of US P&C insurers. Continue reading…

Nick Durant, Managing Director

Contact

• Unexpected acceleration in claims frequency related to increased road mileage and congestion
• Insurers use sophisticated models to analyze new and existing data for optimized pricing and risk selection
• InsurTech solutions are emerging that permit insurers to price their risks with more accuracy

Continue reading…

Vicky Carter, Vice Chairman – Global Strategic Advisory

Contact

• Value proposition of MGAs under increasing scrutiny
• Automation critical to maintaining low cost base
• Remuneration on profit vs commission fees

Continue reading…

Guy Carpenter hosted the Reinsurance Symposium in Baden-Baden on October 21, the 10th year that Guy Carpenter has hosted the event. The theme of the Symposium was “Back to the past: a return to global composites.” Continue reading…

Claude Yoder, Global Head of Innovation and Product Development

Contact

The transformational advances that have impacted nearly everything we do are quickly catching up with the insurance industry and the urgency to further automate and integrate technology into the business is rapidly rising.

Continue reading…

Claude Yoder, Global Head of Innovation and Product Development

Contact

The transformational advances that have impacted nearly everything we do are quickly catching up with the insurance industry and the urgency to further automate and integrate technology into the business is rapidly rising.

Continue reading…