Posts Tagged ‘macroeconomic’



July 19th, 2016

The Impact of Catastrophe Exposure to Public Entities

Posted at 1:00 AM ET

Here we review GC Capital Ideas posts on how catastrophic exposures are adversely impacting public entities.

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July 13th, 2016

Public/Private Sector Conflicts and Benefits

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Here we review recent GC Capital Ideas posts on the competing interests between the private sector (re)insurers and the public sector and their recognition of the benefits of working together.

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June 29th, 2016

Challenges Facing Public/Private Sector Management of Risk

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Here we review GC Capital Ideas posts on the challenges bringing the public and private sectors together to manage catastrophe risk exposure.

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May 9th, 2016

Unlocking Publicly Held Loss Exposure

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts on the competing interests between the private sector (re)insurers and the public sector and how the two recognize the benefits of working together for public sector risk financing.

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May 3rd, 2016

Public Entities Approach to Risk Financing

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Here we review recent GC Capital Ideas posts on some of the drivers behind public entities considering new approaches to risk financing.

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March 24th, 2016

US Flood – The Road Ahead

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The National Flood Insurance Program (NFIP) is the primary underwriter of flood insurance policies in the United States. The program was established in 1968 through the passage of the National Flood Insurance Act.

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March 23rd, 2016

UK Flood – An Innovative Market Based Solution

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For people living at high risk of flooding, finding affordable home insurance is becoming increasingly difficult and the problem is likely to get worse without action. The Association of British Insurers and the UK government formulated a plan following large scale flood events that highlighted the impact of severe flooding on homeowners and communities. The UK government’s preferred approach was the introduction of legislation that would create a flood reinsurance scheme - known as Flood Re - to help support households at highest flood risk with minimal market distortion. The households will be able to access affordable cover through the competitive home insurance market with a managed transition to more risk-reflective pricing over a 25 year period. The scheme provides support in the parts of the home insurance market that need it, which is likely to be around 2 percent of customers living in areas with the greatest risk of flooding. The Flood Re model depends on a statutory levy paid for by the UK insurance industry.

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March 21st, 2016

Public Sector Risk: Terrorism

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A number of countries provide for government supported terrorism risk transfer solutions to manage global threats of terrorism. The actual mechanisms employed are a spectrum between loan and direct support, as illustrated in the chart below.

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March 17th, 2016

Private Market Driven Innovations/Solutions, Part II

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Community-level insurance programs are clear examples of industry innovation that can serve as the switch to initiate broader market change. These utilize index insurance products and pay out benefits if a pre-determined event occurs (a quake with an intensity of a certain level, or a certain rainfall level) (1). Such products provide solutions for many different types of stakeholders:

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March 16th, 2016

Private Market Driven Innovations/Solutions, Part I

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The 2015 Global Insurance Forum addressed the topic “Filling the Protection Gap” (1). During the conference, key speakers noted the growing divide between the economic losses societies are facing and the role of the insurance industry. Many (re)insurance leaders believe the industry can play a significant role in a rapidly changing global risk landscape with pre-loss financing solutions designed to spread risk, relieve the burden on public finances and improve the resiliency of communities.

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