In its fifth annual press briefing held at the Reinsurance Rendez-Vous 2012 in Monte Carlo, Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist, addressed the challenging market conditions currently facing the re/insurance industry and highlighted opportunities for growth.
Alex Moczarski, President and Chief Executive Officer, Guy Carpenter & Company, and Chairman, Marsh & McLennan Companies International, introduces the Guy Carpenter press briefing at the Monte Carlo Rendez-Vous in this GC Capital Ideas videocast.
Alex Moczarski, President and Chief Executive Officer, Guy Carpenter & Company, and Chairman, Marsh & McLennan Companies International, provides concluding remarks at the Guy Carpenter press briefing at the Monte Carlo Rendez-Vous in this GC Capital Ideas videocast. He said, “And so we enter the 2012 Reinsurance Rendez-Vous with a market that is stable after last year’s catastrophes. The market is a challenge, but it is functioning and efficient. Against this background, Guy Carpenter remains committed to helping our clients identify new risk opportunities, make best use of their capital and grow profitably.”
Here we review recent GC Capital Ideas posts by Alex Moczarski, Chief Executive Officer of Guy Carpenter and Chairman, Marsh & McLennan Companies International.
Here we review recent GC Capital Ideas stories that have referenced (re)insurers doing business in emerging markets.
Alexander Moczarski, President and Chief Executive Officer, Guy Carpenter & Company and Chairman, Marsh & McLennan Companies International
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Considerations for Market Entry
For (re)insurers considering entry into an emerging market, several developments should be monitored in the regions under consideration. Is there a growing need for infrastructure and commercial/industrial insurance for transportation, utilities and agribusiness industries? Is there a prospect for deepening insurance penetration, especially in personal lines, as the population’s disposable income grows? Are income levels growing, allowing the purchase of “middle class” lifestyle products that require insurance? How is longevity increasing and creating new/additional insurance needs?
Alexander Moczarski, President and Chief Executive Officer, Guy Carpenter & Company and Chairman, Marsh & McLennan Companies International
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As (re)insurers are challenged to deliver healthy, accretive returns in maturing and increasingly competitive markets, emerging markets present growth opportunities that may not be found in the United States or Europe. Regulatory challenges, tightening reserve levels and capital requirements, coupled with volatile global economies and a low interest rate environment, are forcing companies to seek non-traditional or emerging growth strategies.
Marsh & McLennan Companies announced that Alexander Moczarski, President and CEO of Guy Carpenter, has assumed the additional role of Chairman, Marsh & McLennan Companies International.
Alex Moczarski, President & Chief Executive Officer
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Guy Carpenter is pleased to present our 2012 global reinsurance outlook, Catastrophes, Cold Spots and Capital: Navigating for Success in a Transitioning Market.
During this time of market transition, Guy Carpenter believes now is the moment in which the sector needs the best possible information regarding market trends. In publishing this detailed and definitive view, it is our ambition to arm clients with best-in-class market intelligence on our sector’s rapidly evolving dynamics. More than ever, our clients must be confident that their decisions are truly best suited to their circumstances. Knowledge is power. More insight means increased differentiation for our clients in the marketplace and stronger positioning for their success.
The January 1, 2012, renewals saw a shift in industry behavior as both insurers and reinsurers implemented more sophisticated, customized approaches to risk assessment and mitigation, according to Guy Carpenter. In its 2012 global reinsurance outlook, Catastrophes, Cold Spots and Capital: Navigating for Success in a Transitioning Market, Guy Carpenter reported that reinsurers were in a position to undertake a major review of pricing and underwriting going into the renewal season. This led to significant market fragmentation and increased market volatility at January 1.
