Posts Tagged ‘macroeconomic’



January 20th, 2017

Survey: Geopolitical Risk Is Now a Top Concern for Finance Professionals

Posted at 1:00 AM ET

2017risksurvey_cover-thumbnail-smGeopolitical risk is having a bigger impact on earnings than ever before — and senior management and boards are taking notice.

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January 13th, 2017

Global Risks Report 2017

Posted at 1:00 AM ET

global-risks-report-landing-page-sm1The Global Risks Report 2017, produced by the World Economic Forum with support from Marsh & McLennan Companies and other partners, was published this week. Now in its twelfth edition, the report provides insights into the key global risks facing businesses as well as the collective view of risk experts in all sectors as to the most significant threats to global prosperity over the next decade. The Global Risks Report 2017 will inform discussions at the World Economic Forum’s annual meeting next week in Davos, Switzerland.

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December 22nd, 2016

Public Sector Risk Financing Perspectives in the United States: The Market for Mortgage Credit Risk (Re)Insurance: Part II

Posted at 1:00 AM ET

krohn_jeff_photo_crop-sm1tedeschi_john_photo_sm21Jeff Krohn, Managing Director and John Tedeschi, Managing Director

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(Re)insurance markets sold close to USD 8 billion of government sponsored entities (GSEs) mortgage credit risk transfer from 2013 to 2016 year-to-date, with significantly more planned on a consistent basis. A robust global credit risk transfer market is now in full-effect; recent transactions include the Credit Insurance Risk Transfer and Agency Credit Insurance Structure (re)insurance purchased by Fannie Mae and Freddie Mac, and capital bond issuances from Fannie Mae’s Connecticut Avenue Securities and Freddie Mac’s Structured Agency Credit Risk.

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December 21st, 2016

Public Sector Risk Financing Perspectives in the United States: The Market for Mortgage Credit Risk (Re)Insurance: Part I

Posted at 1:00 AM ET

krohn_jeff_photo_crop-smtedeschi_john_photo_sm2Jeff Krohn, Managing Director and John Tedeschi, Managing Director

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The global financial crisis of 2008 exposed the US mortgage industry, taxpayers and the global capital markets to the full loss potential of residential mortgage credit risk. A total shakeup of the US housing sector was the result: a return to prudent underwriting criteria; market standardization in product; Private Mortgage Insurer Eligibility Requirements (PMIERs); and a Federal Housing Finance Agency (FHFA) directive that mandates government sponsored entities (GSEs) Fannie Mae and Freddie Mac to begin transferring credit risk on the hundreds of billions of dollars of US mortgages issued each year.

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December 15th, 2016

Public Sector Risk Financing Perspectives in Europe/Middle East/Africa: Part IV: Closing the Protection Gap

Posted at 1:00 AM ET

whitmore_charles_photo-sm4Charles Whitmore, Managing Director

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These trends are likely to support broader product offerings and greater market stability around which the private sector may close the protection gap in EMEA and in other regions:

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December 12th, 2016

Public Sector Risk Financing Perspectives in Europe/Middle East/Africa: Part I

Posted at 1:00 AM ET

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Charles Whitmore, Managing Director

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On a global basis, approximately 70 (1) percent of the economic loss caused by natural catastrophe events is not covered by insurance. This gap, the cost of uninsured events, frequently falls on governments through disaster relief, welfare payments and infrastructure repair and rebuilding. The ultimate cost of these responses causes a strain on public balance sheets and an increase in public debt, ultimately burdening taxpayers. The protection gap is increasing in emerging economies especially where the amount of natural catastrophe economic loss covered by insurance dropped from 25 percent in 2002 to approximately eight percent in 2014.

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November 15th, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary: Protection Gap

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-smThe gap between uninsured and insured risk continues to be an issue for the region. Insurance and reinsurance penetration rates remain low in many Asian countries. As the chart below shows, purchases in catastrophe reinsurance limit have grown, but in actual value terms the majority of growth is in territories with the highest levels of protection already.

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November 8th, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary: Mergers and Acquisitions

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-smIn 2015, outbound mergers and acquisitions (M&A) abounded in the region, but a pause in transactions occurred in 2016. The flow of inbound M&A increased this year, largely caused by overseas companies making significant investments in joint ventures following recent regulatory changes in India.

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November 7th, 2016

Technology Innovation Identified as Top Growth Opportunity for (Re)insurance Industry in 2017, According to Guy Carpenter Annual Market Pulse Survey

Posted at 6:15 AM ET

Technology innovation will provide the biggest growth opportunities for (re)insurers in the year ahead, according to a survey released today by Guy Carpenter & Company. Now in its fifth year, the annual survey polled executives from insurance and reinsurance companies during the 2016 Property Casualty Insurers Association of America (PCIAA) Annual Meeting held in Dallas, Texas. The goal of this year’s survey was to identify the top opportunities and threats to profitable growth in the year ahead, as well as examine the most significant disruptive forces impacting the industry.

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October 24th, 2016

From Public to Private

Posted at 1:00 AM ET

frankland-nick-hs-smNick Frankland, CEO EMEA, Guy Carpenter

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The gap between insured losses and total economic losses remains stubbornly large - Swiss Re estimates that only 30 percent of global catastrophe losses in the ten years prior to 2015 were covered by insurance. Consequently, the remainder of the loss, USD 1.3 trillion, was borne by individuals, firms and governments, and this burden is increasing. Swiss Re estimates uninsured losses more than doubled from 0.08 percent of global gross domestic product (GDP) for the ten years from 1976 through 1985 to 0.17 percent for the years 2006 through 2015.

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