Posts Tagged ‘Marsh’

August 15th, 2018

Global Insurance Prices Rise for Third Consecutive Quarter

Posted at 1:00 AM ET

dean_kisura_hsDean M. Klisura President, Global Placement and Specialties, Marsh


Global commercial insurance prices rose, on average, in the second quarter of 2018, marking a third consecutive quarter of increases, according to the most recent Marsh Global Insurance Market Index. The increase in the index was driven largely by pricing for property and financial and professional insurance lines. Continue reading…

July 31st, 2018

TRIPRA: The Need to Ease Rating Agencies and Regulators’ Concerns

Posted at 1:00 AM ET

terrorism-rep-connections-banner-2In 2018, the minimum industry trigger for the Terrorism Risk Insurance Program Reauthorization Act of 2015 (TRIPRA) increased to USD 160 million, contributing to continued rating agency concerns. In late 2017, A.M. Best updated its terrorism methodology and fully integrated the peril into its stochastic Best’s Capital Adequacy Ratio (BCAR) Model. Continue reading…

July 26th, 2018

Risk Managers: Technology Fundamentals

Posted at 1:00 AM ET

While risk managers do not need to understand the detailed intricacies of every new technology, it is imperative that they have a fundamental understanding of technologies being considered and how certain technologies can help in risk management. Continue reading…

July 25th, 2018

Guy Carpenter Promotes King-Underwood to Head of Credit, Bond and Political Risk Practice, International

Posted at 6:18 PM ET

Guy Carpenter announced that Gregory King-Underwood has been promoted to Head of the Credit, Bond and Political Risk Practice of Guy Carpenter International, with immediate effect. He will report to James Nash, President of Guy Carpenter International.

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July 23rd, 2018

Claims in the Technology Era

Posted at 1:00 AM ET

Employing technology to streamline claims may be a strategy for profitable growth for insurers as clients seek more innovation in this arena.

A significant majority of companies would change or consider changing their insurer based on the availability of innovative solutions to file claims, according to this year’s Excellence in Risk Management survey from Guy Carpenter sister company, Marsh, and RIMS. It showed that 40 percent of respondents would consider switching to other insurers and advisors that offer innovation in the claims area and another 43 percent would not rule out such a move. Continue reading…

July 19th, 2018

Rising Responsibility of Risk Managers

Posted at 1:00 AM ET

Adoption of emerging technologies and innovation bring opportunity but also potential risks to an organization.  In an age of continuous and rapid change, risk management executives can play a critical role in technology adoption and to engage in conversations about emerging risks and solutions. Continue reading…

July 10th, 2018

Trends in Terror Cover

Posted at 1:00 AM ET

Hospitality and gaming companies, on average, allocated the largest share of their property insurance programs to terrorism coverage in 2017.

Data in Marsh’s 2018 Terrorism Risk Insurance Report, produced with support from Guy Carpenter, showed that hospitality and gaming companies allocated 10 percent of property premium to terrorism coverage. Continue reading…

June 21st, 2018

Captives Offer Access to Capital

Posted at 1:00 AM ET

Captive owners are seeking options for coverage of terrorism and other high-severity risks. Among other benefits, captive owners gain flexible options to finance emerging and high-severity risks, such as cyber liability, terrorism, and cyber terrorism.

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June 20th, 2018

Better Quantifying Cyber Exposure Will Help Determine Risk Finance Needs

Posted at 1:00 AM ET

As evidenced by the millions of dollars potentially at stake in a cyber event, financing to help an organization recover from a cyber-attack is more important than ever, with serving insurance a key part of the equation.

Continue reading…