Here we review GC Capital Ideas posts on the private sector closing the protection gap with public sector risk exposure.
Posts Tagged ‘macroeconomic’
Victoria Carter, Vice Chairman, International Operations
Industry Must Adapt and Innovate to Fully Grasp Opportunities
A series of fundamental disruptive forces are driving monumental changes in the global economy at an unprecedented rate. These forces compel the (re)insurance industry to adjust to the new reality and capitalize on the opportunities created, according to Victoria Carter, Vice Chairman of International Operations at Guy Carpenter.
Many governments today are straining under public debt and many of the most catastrophically exposed governments are in the worst financial position. This is particularly true for countries exposed to the perils of flood, tropical cyclone and earthquake. Compounding this situation are demographic and economic trends that are adding additional pressure on already stressed balance sheets, both in emerging and developed economies.
Insurance marketplaces that are stable and viable in the long-term succeed when insurers offer policies and coverages at premium rates that are appropriate and are subject to the requirements and standards of not being excessive, inadequate or unfairly discriminatory. At the same time, premium rates should be balanced and take past and prospective loss and expense experience into consideration. When these factors are not successfully accomplished, a public sector solution often emerges.
Here we review GC Capital Ideas posts on how the private sector is exploring the development of innovative solutions for public sector risk exposures.
Here we review GC Capital Ideas posts on how the view of applying (re)insurance to risk decision making is evolving.
Here we review GC Capital Ideas posts on the role of risk management in facilitating the progress of innovation and infrastructure improvement.
Here we review GC Capital Ideas posts on how catastrophic exposures are adversely impacting public entities.