Posts Tagged ‘Reinsurance’



November 29th, 2016

Chart: Which Capital Sources Will (Re)insurers Utilize in 2017?

Posted at 1:00 AM ET

Chart highlights the result of a survey taken of 107 insurance and reinsurance professionals conducted by Guy Carpenter at the 2016 annual meeting of the Property Casualty Insurers Association of America when asked which capital sources they will utilize more of in 2017.

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November 16th, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary: Convergence Capital

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-smConvergence” or “alternative” capital, which first entered the reinsurance market with catastrophe bonds, has grown steadily over the past ten years and now also includes industry loss warranties, sidecars and collateralized reinsurance. Convergence capital now accounts for just under 20 percent of the global catastrophe limit.
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November 15th, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary: Protection Gap

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-smThe gap between uninsured and insured risk continues to be an issue for the region. Insurance and reinsurance penetration rates remain low in many Asian countries. As the chart below shows, purchases in catastrophe reinsurance limit have grown, but in actual value terms the majority of growth is in territories with the highest levels of protection already.

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November 10th, 2016

Newest Versions of Patented Capital Modeling Tools Enhance Automation and Integration, Estimate Inflationary Risk, and Improve Run-Time: Guy Carpenter Introduces MetaRisk® Reserve™ 5 and MetaRisk® 9

Posted at 12:30 AM ET

Guy Carpenter today announced the launch of MetaRisk® ReserveTM 5 and MetaRisk® 9, the latest updates to its powerful suite of capital modeling tools built on more than 25 years of research and development.

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November 3rd, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary: Losses

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-smEarthquakes in Taiwan and the Kumamoto prefecture of Japan and floods in southern China were the largest events. The reinsurance share of these losses appears modest. Barring a major catastrophe before the end of the year, catastrophe reinsurers are expected to return a healthy profit in Asia Pacific for the fourth year in a row.

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November 2nd, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-smIn the Asia Pacific region, purchases in original currency terms of total catastrophe treaty reinsurance limit grew year on year. Increased purchase in Japan largely drove the growth, with lesser growth experienced in India and China. Changes in pro rata arrangements at some Australian cedents reduced the overall catastrophe excess of loss requirements from Australia; these movements were not large enough to push the overall region-wide purchase backwards.

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October 26th, 2016

Solvency II: An Era of Greater Risk-Driven Management

Posted at 1:00 AM ET

andrew-coxeagle_matthew-smeddy-vanbeneden-smAndrew Cox, Managing Director; Matthew Eagle, Head of GC Analytics® - International; and Eddy Vanbeneden, Managing Director

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On January 1, 2016, the Solvency II regulatory regime took effect. Some celebrated; others were weary from the months and years of preparation.

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October 24th, 2016

From Public to Private

Posted at 1:00 AM ET

frankland-nick-hs-smNick Frankland, CEO EMEA, Guy Carpenter

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The gap between insured losses and total economic losses remains stubbornly large - Swiss Re estimates that only 30 percent of global catastrophe losses in the ten years prior to 2015 were covered by insurance. Consequently, the remainder of the loss, USD 1.3 trillion, was borne by individuals, firms and governments, and this burden is increasing. Swiss Re estimates uninsured losses more than doubled from 0.08 percent of global gross domestic product (GDP) for the ten years from 1976 through 1985 to 0.17 percent for the years 2006 through 2015.

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October 23rd, 2016

Baden-Baden Reinsurance Symposium Explores Ways of Bridging Protection Gap

Posted at 10:30 PM ET

Guy Carpenter & Company hosted the Reinsurance Symposium in Baden-Baden on October 23. The eighth year that the firm has hosted the event, the theme this year was “Bridging the Gap - Is the industry doing enough to attract risk from the public to the private sector?”

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October 23rd, 2016

A.M. Best’s More Transparent Ratings Criteria Provide Benefits to Insurers That Proactively “Own Their Ratings”

Posted at 1:00 AM ET

esimpson-hs-smEric Simpson, Managing Director

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Maintaining or improving ratings is a priority for most insurers. This can be challenging amid increasing demands for companies to “own their risk” (Own Risk and Solvency Assessment “ORSA”) in an environment of evolving rating agency requirements, including A.M. Best’s (Best) proposed ratings methodology and Stochastic-based Best’s Capital Adequacy Ratio (BCAR) criteria.

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