Posts Tagged ‘Month in Review’



October 1st, 2018

GC Capital Ideas Top Stories: September 2018

Posted at 1:00 AM ET

1. Chart: Significant Insured Losses 2011–2Q2018: Chart exhibits the significant insured losses from 2011 through the second quarter of this year.

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2. Chart: The Matrix of Cyber and Property Lines Insurance Coverage: Chart examines the policy coverage matrix between cyber and property lines of insurance coverage.

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3. Guy Carpenter Announces New Global Capability to Help Clients Navigate Evolving InsurTech Market: Guy Carpenter announced the launch of GC Genesis, its expanded InsurTech advisory offering designed to meet clients’ desire to understand and leverage the dynamic universe of InsurTech.

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4. Super Typhoon Jebi: In the West Pacific Basin, Typhoon Jebi made first landfall on Shikoku (Tokushima Prefecture) at around 03 UTC on 4 September, and then second landfall near Kobe (Hyōgo Prefecture) at around 05 UTC on the same day. The storm brought reports of damaging wind gusts in excess of 160 km/hr (100 mph), flooding due to storm surge and heavy rainfall and mudslides.

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5. Guy Carpenter appoints Head of Strategy and Client Engagement: Guy Carpenter announced the appointment of Shaun Sinniah as Head of Strategy and Client Engagement for the firm’s International and Global Specialties divisions, with effect from October.

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6. Mw 6.6 Earthquake – Iburi, Hokkaido: A magnitude (Mw) 6.6 earthquake struck the island of Hokkaido in northern Japan at 18:07 UTC on September 5 (03.07 JST on September 6), according to the U.S. Geological Survey (USGS). The epicenter was located at a depth of 33.4 km in the Iburi Subprefecture, about 20 km east of the coastal city of Tomakomai and 62 km southeast of Sapporo. No tsunami warning was issued.

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7. Managing Catastrophe Model Change: Incorporating new hazard and claims insights can improve the estimates derived from catastrophe models. By re-analyzing historical events using the latest scientific methods or refining claims with more granular geographical and line of business breakdowns, we can update models with the latest expertise and data. But model changes that yield large swings in loss estimates for frequent events must be carefully scrutinized to understand assumptions and processes in order to truly support ownership of risk.

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8. Data and Analytics Support Innovations in Flood Risk Management - GC@MC Commentary: Flood risk and its impact on communities are global concerns. Advances in data quality coupled with expanding model development and computational power leads to increasingly accurate risk evaluation for (re)insurer portfolio analyses and underwriter risk analyses – with a concomitant increase in policyholder risk awareness.

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9. A Strategy for Market Volatility: Portfolio Optimization - GC@MC Commentary: Today, (re)insurers are challenged by a host of factors pressuring companies’ earnings and capital – excess capacity is impacting underwriting profitability as claim frequency and severity are rising – contributing to a movement toward balance sheet volatility that impacts earnings and growth, according to a global roundtable of Guy Carpenter leaders.

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10. Accounting Changes Impacting the Reinsurance Landscape - GC@MC Commentary: The introduction of International Financial Accounting Standard 17 (IFRS 17) adds another level of complexity to the already challenging (re)insurer legislative and regulatory environment. While IFRS 17 creates a number of changes, particular interest should be made to the significant changes it presents to accounting of insurance contracts. IFRS 17 will establish a fair value view of liabilities and together with the fair value view of assets based on IFRS 9, companies’ balance sheets and income statements are likely to encounter a substantially higher degree of volatility, according to a global roundtable of Guy Carpenter leaders.

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September 4th, 2018

GC Capital Ideas Top Stories: August 2018

Posted at 1:00 AM ET

1. Carr Fire – Redding, California: In Northern California, the Carr Fire has burned at least 110,154 acres since July 23 and claimed at least six lives according to media reports and Cal Fire. Damage survey efforts are still ongoing, however initial indications are that at least 1,236 structures have been destroyed with another 225 damaged.

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2. Guy Carpenter to Host Scientific and Engineering Expo to Launch New InsurTech Advisory Offering Developed with Numerati® Partners LLC: Guy Carpenter announced the August 9, 2018 launch event for its InsurTech Alliance – a cost effective, state of the art and insurer-focused suite of capabilities to help carriers evaluate new innovations in the areas of data, analytics and digital technology-based products and solutions.

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3. Global Insurance Prices Rise for Third Consecutive Quarter: 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.

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4. Chart: The Cyber Insurance Matrix Explained: Chart examines the policy coverage matrix between cyber and property lines of insurance coverage.

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5. What Capital Modeling Delivers: Capital modeling helps insurers meet the ever changing expectations of their stakeholders, from regulators to rating agencies to board members and policyholders. Since no two insurers are alike, companies need customized solutions to develop effective capital modeling.

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6. The InsurTech Landscape: More than 50 start-up companies offering data, analytics and technology to the insurance sector enter the market every month.  While this dynamic is welcome news for an industry that is rapidly adapting to the digital economy, it also creates the challenge of identifying the ’right’ technology that would fit each business.

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7. Developments in the Data Privacy Regulatory Landscape: The recently enacted European Union (EU) General Data Protection Regulation (GDPR), the National Association of Insurance Commissioners (NAIC) Model Law and the New York State Department of Financial Services (NYDFS) Cybersecurity Act all address data privacy (the personal information of individuals) and data protection (using such personal information for business objectives), but from different perspectives.

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8. Guy Carpenter Partners with RPC Consulting to Deliver Powerful Analytic Platform to the (Re)insurance Industry: Guy Carpenter announced a multi-year, global strategic partnership with Reynolds Porter Chamberlain Consulting LLP (RPCC) to license and develop proprietary applications to run within RPCC’s Tyche software. As part of the agreement, Guy Carpenter will have exclusive access to Tyche among all insurance and reinsurance brokers, as well as certain other parties in the industry.

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9. FEMA Expands Reinsurance Initiative - “FloodSmart Re” the First Cat Bond to Ultimately Benefit a Federal Agency: The Federal Emergency Management Agency (FEMA) announced its August 1, 2018 reinsurance placement for the National Flood Insurance Program (NFIP). For the first time, FEMA has secured reinsurance ultimately backed by capital markets investors, continuing efforts to better manage the NFIP’s financial risk.

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10. Chart: Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2018.

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August 1st, 2018

GC Capital Ideas Top Stories: July 2018

Posted at 1:00 AM ET

1. Chart: The Cyber Insurance Matrix Explained: Chart examines the policy coverage matrix between cyber and property lines of insurance coverage.

View the chart >>


2. Guy Carpenter Appoints President and Head of South East Asia and Korea: Guy Carpenter announced the appointment of Bengt Johnsen as President and Head of the South East Asia and Korea (SEAK) region, effective Jan. 18, 2019. He will succeed Richard Jones, who was promoted to Chairman of the Asia Pacific region in August 2017. Mr. Johnsen will be based in Singapore and will report to Tony Gallagher, CEO of Asia Pacific.

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3. Guy Carpenter to Host Scientific and Engineering Expo to Launch New InsurTech Advisory Offering Developed with Numerati® Partners LLC: Guy Carpenter announced the August 9, 2018 launch event for its InsurTech Alliance – a cost effective, state of the art and insurer-focused suite of capabilities to help carriers evaluate new innovations in the areas of data, analytics and digital technology-based products and solutions.

Read the article >>

4. Chart: Top Ten Catastrophe Bond Transactions In 2017: The table lists the top ten catastrophe bond transactions that were completed in 2017.

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5. Chart: Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2018.

View the chart >>

6. The Insurtech Landscape: More than 50 start-up companies offering data, analytics and technology to the insurance sector enter the market every month.  While this dynamic is welcome news for an industry that is rapidly adapting to the digital economy, it also creates the challenge of identifying the ’right’ technology that would fit each business.

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7. Guy Carpenter Advises Gothaer on the Transfer of Its Gothaer Re Run-off portfolio: Guy Carpenter announced that it acted as the sole transactional advisor on the successful transfer of the reinsurance portfolio of Gothaer Group (Gothaer) which has been in run-off since Gothaer Re ceased trading in 2004.

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8. Claims in the Technology Era: Employing technology to streamline claims may be a strategy for profitable growth for insurers as clients seek more innovation in this arena.

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

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10. Aging Population and Automation: Which Nations Face High Risk: The specific countries that face a high risk of automation of jobs held by older workers also tend to have projections for a rapidly aging population, according to the study The Twin Threats of Aging and Automation by Marsh & McLennan Companies.

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July 2nd, 2018

GC Capital Ideas Top Stories: June 2018

Posted at 1:00 AM ET

1. Guide to Cyber Coverage Options: Cyber Risk Management: Response and Recovery, the new report from Marsh & McLennan’s Global Risk Center and WomenCorporateDirectors, includes a Guide to Cyber Coverage Options.

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2. Chart: Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2018.

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3. Standalone Terrorism Insurance Remains Competitive: Unlike coverage under the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which is normally made available within annual “all-risk” property policies, a standalone property terrorism insurance policy does not require the government to certify an act of terrorism in order for a claim to be paid.

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4. Volcanic Eruptions: A Complex and Largely Overlooked Risk: Volcanic eruptions are complex phenomena that may affect populations and economies in ways we may not be familiar with.

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5. GC Securities Acts as Sole Structurer and Bookrunner on the First Ever Cat Bond Issued Under the New UK Risk Transformation Legislation: GC Securities announced the placement of USD 300,000,000 Series 2018 Principal At-Risk Variable Rate Notes through a newly formed insurance special purpose vehicle domiciled in the United Kingdom, Atlas Capital UK 2018 PLC, to benefit SCOR.

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6. Threat Trends on Major Cyber Attacks in 2017: The Marsh & McLennan Companies Cyber Risk Handbook 2018 is published.

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7. Better Quantifying Cyber Exposure Will Help Determine Risk Finance Needs: 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.

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8. A Heightened Focus on Cyber Response and Recovery: Over a third of directors of U.S. public companies now discuss cybersecurity at every board meeting. Cyber risks are being driven onto the agenda by high-profile data breaches, distributed denial of services (DDoS) attacks and rising ransomware and cyber extortion attacks.

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9. Guy Carpenter Extends Capital Markets Expertise with Hire of President and Global Leader, GC Securities, Capital Markets: Guy Carpenter named Shiv Kumar as President and Global Leader of GC Securities, Capital Markets. Mr. Kumar was previously Global Head of Insurance Structured Finance at Goldman, Sachs & Co. His 23 years of experience in the (re)insurance sector and capital markets will enhance GC Securities’ ability to identify and execute convergence capital solutions that help clients manage risk.

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10. Directors Risk Survey Report 2018: Guy Carpenter sister company Marsh has introduced its annual Director Risk Survey Report, done in conjunction with the Institute of Directors. The results reflect changes in the evolving local and global risk landscapes - with cyber, IT, talent attraction and retention and the loss of a key person just some of the risks highlighted.

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*Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities LLC, a US registered broker-dealer and member FINRA/NFA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd. (MMCSEL), which is authorized and regulated by the Financial Conduct Authority, main office 25 The North Colonnade, Canary Wharf, London E14 5HS. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities LLC, MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product.

June 5th, 2018

GC Capital Ideas Top Stories: May 2018

Posted at 1:00 AM ET

1. Chart: Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on line (ROL) index is presented for 1990 through 2018.

View the chart >>


2. Guy Carpenter Licenses First-of-its-Kind Cyber Risk Modeling Platform From CyberCube Following Strategic Alliance: Guy Carpenter & Company today announced that its two year strategic relationship with CyberCube Analytics, formerly part of Symantec Corporation, has produced the industry’s first cyber risk modeling platform with an inside-out view of cyber risk exposure.

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3. The 2017 Hurricane Season Was Among the Top-Ten-Most-Active, But Was Not Entirely Unprecedented: As the 2018 hurricane season approaches, we take a look back at the 2017 season. It was among the top-ten most-active seasons in recorded history since 1900 for the North Atlantic Basin.

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4. Terrorism Risk Modeling Poses Challenges: Terrorism risk modeling methods have been continually updated since leading modeling companies AIR Worldwide and Risk Management Solutions released their first terrorism models in 2002.

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5. 2018 North Atlantic Hurricane Season: Seasonal outlook providers continue to issue early predictions for the 2018 North Atlantic hurricane season.

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6. Guy Carpenter Bermuda Promotes Jenni Rowntree Estis to Head of Operations: Guy Carpenter today announced that Bermudian Jenni Rowntree Estis has been promoted to the role of Head of Operations, Senior Vice President, Broking.

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7. Building for Resilience: How to Avoid a Catastrophe Model Failure: Since commercial catastrophe (CAT) models were first introduced in the 1980s, they have evolved as new scientific discoveries and claims insights emerged.

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8. United States Reinsurance Capacity for Terrorism: In 2017, according to Guy Carpenter, the combined property and workers compensation private conventional-only terrorism reinsurance capacity was estimated to be USD 2.5 billion per cedent program. Reinsurance capacity for coverage that includes Nuclear, Biological, Chemical and Radiological, especially in Tier 1 cities and central business districts, has become increasingly challenging to secure over the past two years due to the accumulated aggregate constraints of some markets and is estimated to range between USD 500 million and USD 1 billion per program.

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9. Internet of Things: Building Cyber Resilience in a Connected World: The Internet of Things (IoT) is driving huge advances in organizational efficiency, reinventing the customer experience and spurring business innovation and opportunities. But the explosion of IoT devices is also dramatically changing the cyber risk landscape, creating new product vulnerabilities and system exposures for organizations that make or deploy them.

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10. Wearables, Drones and the Internet of Things: The Next Wave of Workplace Safety and Claims Mitigation: The advent of connected devices and the Internet of Things (IoT) is opening exciting new doors in the insurance industry. The auto liability market has transformed from one in which underwriting relied on proxy variables such as driving history, demographics and credit scores to one in which telematics and real-time, personalized driving statistics inform risk assessment.

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May 1st, 2018

GC Capital Ideas: Top Stories, April 2018

Posted at 1:00 AM ET

1. Chart: Combined Ratio for Guy Carpenter Reinsurance Composite, Year-End 2017: Chart presents combined ratio of the Guy Carpenter Global Reinsurance Composite, 2005 through year-end 2017.

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2. Chart: Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2018.

View the chart >>


3. Building for Resilience: How to Avoid A Catastrophe Model Failure: Since commercial catastrophe (CAT) models were first introduced in the 1980s, they have evolved as new scientific discoveries and claims insights emerged.

Read the article >>


4. Reinsurance Market Assessment: What The Numbers Reveal About the Current Industry Status; After several years of light catastrophe activity, particularly in the United States where capital deployment covering catastrophe exposures was heavily impacted by convergence capital, the events of 2017 provided a framework to evaluate how evolving market dynamics over the last few years held up to the real test of losses.

Read the article >>


5. 2018 Terrorism Risk Insurance Report; Although the number of incidents and casualties declined in 2017, terrorism remains a persistent and significant threat to businesses, governments and individuals.

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6. Large-Scale Cyber-Attacks on the Financial System; Cyber-attacks on financial institutions are becoming more frequent, complex, and sophisticated, with potential for far-reaching, systemic impacts.

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7. Guy Carpenter Reports Capital Growth and Market Resilience Despite 2017 Losses; Guy Carpenter has released an estimate of year-end reinsurance capital levels and results of the January 2018 reinsurance renewal.

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8. Chart: Return on Premiums for Guy Carpenter Reinsurance Composite, Year-end 2017; Chart presents return on premiums for the Guy Carpenter Global Reinsurance Composite, 2005 through year-end 2017.

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9. Cyber Insurance Adoption is Increasing; The role of insurance in enhancing cyber resilience is increasingly being recognized by policymakers around the world, and the Organisation of Economic Co-operation and Development is recommending actions to stimulate cyber insurance adoption.

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10. Chart: Catastrophe Bond Issuance and Capital Outstanding; Chart shows 144A P&C catastrophe issuance and capital outstanding for the years 1998 through year-end 2017 based on data from GC Securities’* proprietary database.

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*Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities LLC, a US registered broker-dealer and member FINRA/NFA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd. (MMCSEL), which is authorized and regulated by the Financial Conduct Authority, main office 25 The North Colonnade, Canary Wharf, London E14 5HS. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities LLC, MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product.

April 3rd, 2018

GC Capital Ideas: Top Stories, March 2018

Posted at 1:00 AM ET

1. Chart: Global Property Catastrophe ROL index; The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index presented for 1990 through 2018.

View the chart >>


2. Chart: Catastrophe Bond Issuance and Capital Outstanding; Chart shows 144A P&C catastrophe issuance and capital outstanding for the years 1998 through year-end 2017 based on data from GC Securities’* proprietary database.

View the chart >>


3. Chart: The Matrix of Cyber and Property Lines Insurance Coverage; Chart examines the policy coverage matrix between cyber and property lines of insurance coverage.

View the chart >>


4. Automobile Liability Market Update & Loss Trends Analysis; For most U.S. property and casualty insurance companies, automobile liability line performance has typically been one of the major factors adversely impacting overall profitability in recent years.

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5. Guy Carpenter Reports Capital Growth and Market Resilience Despite 2017 Losses; Guy Carpenter has released an estimate of year-end reinsurance capital levels and results of the January 2018 reinsurance renewal.

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6. Takaful and the Opportunity for Peer-to-Peer Insurance; There has been much talk about peer-to-peer (P2P) insurance, and a number of startups in this space are emerging globally and in Asia.

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7. Cyber Risk in an Interconnected World; In a digital world, cyber exposure evolves every day, making it one of the most dynamic emerging risks in the industry. Just as the housing boom along the US shoreline accelerated property losses, the technological sophistication and digital connectivity of the global economy have increased the cyber threat for all sectors.

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8. Reinsurance Market Assessment: What the Numbers Reveal about the Current Industry Status; After several years of light catastrophe activity, particularly in the United States where capital deployment covering catastrophe exposures was heavily impacted by convergence capital, the events of 2017 provided a framework to evaluate how evolving market dynamics over the last few years held up to the real test of losses.

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9. Exposure to New Risks; Some emerging technologies are exposing organizations to new risks, but few practitioners report a significant impact. Over half of survey respondents report that artificial intelligence is impacting risk exposure at their organizations, although only 14 percent indicate the effect is significant.

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10.Formal Risk Appetite Missing; A formal risk appetite statement is missing at a majority of companies, although that could be changing.

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*Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities LLC, a US registered broker-dealer and member FINRA/NFA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd. (MMCSEL), which is authorized and regulated by the Financial Conduct Authority, main office 25 The North Colonnade, Canary Wharf, London E14 5HS. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities LLC, MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product.

March 5th, 2018

GC Capital Ideas Top Stories: February, 2018

Posted at 1:00 AM ET

1.Chart: Global Property Catastrophe ROL Index; The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2018.

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2. Chart: Top Ten Significant Insured Loss Events: 2017; The table lists estimates for the top ten significant insured loss events for 2017.

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3. Guy Carpenter Reports Capital Growth and Market Resilience Despite 2017 Losses; Guy Carpenter has released an estimate of year-end reinsurance capital levels and results of the January 2018 reinsurance renewal.

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4. New Vehicle Matches the Right Capital to Risk; A new Marsh & McLennan vehicle provides unparalleled support in accessing long-term capital markets-based protection.

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5. From Risk to Resilience: Marsh & McLennan Companies Cyber Handbook 2018: Perspectives on the Next Wave of Cyber; Cyber risk continues to grow as technology innovation increases and societal dependence on information technology expands.

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6. Exploring the Excess & Surplus Industry: E&S Market Update and Projections; The excess and surplus (E&S) lines segment of the insurance industry continues to be the essential market for risks for which  the standard insurance market typically does not offer coverage.

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7. Association of Financial Professionals/Marsh & McLennan Risk Survey Report: 2018; Finance and treasury professionals are looking to adopt technologies such as artificial intelligence, blockchain and robotic process automation, but few are prepared for the new business risks that may be associated with these technologies - especially cyber, business operations and regulatory risks.

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8. Guy Carpenter Global Reinsurance Composite: Third Quarter 2017; Here we bring together recent Chart Room posts highlighting performance of the Guy Carpenter Global Reinsurance Composite.

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9. Cyber Risk: The Stakes Have Changed for the C-Suite; Three major cyber events in 2017 set new precedents for the scope of damage wrought by cyber-attacks.

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10. Marsh & McLennan Companies Climate Resilience Handbook, 2018; Marsh & McLennan Companies has developed a comprehensive framework to help organizations think through all aspects of climate resilience.

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February 5th, 2018

GC Capital Ideas Top Stories: January, 2018

Posted at 2:00 AM ET

1 .Guy Carpenter Reports Capital Growth and Market Resilience Despite 2017 Losses; Guy Carpenter has released an estimate of year-end reinsurance capital levels and results of the January 2018 reinsurance renewal.

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2. Chart: Return on Equity for Guy Carpenter Reinsurance Composite, Q3, 2017; Chart presents return on equity for the Guy Carpenter Global Reinsurance Composite, 2005 through third quarter, 2017.

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3. Guy Carpenter Reports US Insurance Market at a Crossroads but Opportunity Exists; Guy Carpenter today released a study outlining a dynamic insurance industry facing a changing economy and pressure in once-stable lines, but with opportunity for those with management skill and understanding of risk.

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4. Threat Trends on Major Cyber Attacks in 2017; The Marsh & McLennan Companies Cyber Risk Handbook 2018 is published.

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5. Exploring the Excess & Surplus Industry: E&S Market Update and Projections; The excess and surplus (E&S) lines segment of the insurance industry continues to be the essential market for risks for which  the standard insurance market typically does not offer coverage.

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6. 2017 North Atlantic Hurricane Season; The 2017 North Atlantic Hurricane season was one of the most active seasons on record, a historic season in many respects, and certainly an impactful one. Those most severely affected residents are facing a long and difficult recovery that could last for years. They continue to have our thoughts and concerns.

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7. Guy Carpenter Reports Moderating Reinsurance Pricing Decline at January 1, 2017 Renewals; Guy Carpenter & Company reports the decline in reinsurance pricing moderated at the January 1, 2017 renewal across most classes of business and geographies, as compared to the past three renewal seasons.

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8. The Impact of Insurtech; Here we review recent GC Capital Ideas posts on the growing interest in insurtech and its impact on the insurance industry.

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9. Industry Must Develop Common Cyber Risk Currency; Diversification is essential for evolving the cyber insurance market, yet expanding the cyber remit beyond data confidentiality and further into areas such as operational technology risk, data availability and integrity demands a common cyber risk currency, according to Morley Speed, Managing Director, and Carolyn Morley, Chairman, Global Casualty, Guy Carpenter.

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10. Guy Carpenter Global Reinsurance Composite: Third Quarter 2017: Here we bring together recent Chart Room posts highlighting performance of the Guy Carpenter Global Reinsurance Composite.

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