Posts Tagged ‘risk management’



November 12th, 2018

Increasing Frequency of Extreme Weather Events in Asia Pacific

Posted at 1:00 AM ET

_offset_472526_smallThe Asia Pacific may be the most adversely impacted region by the pronounced increase in the frequency of extreme weather events around the world. The Guy Carpenter Asia-Pacific Catastrophe Report 2017 projects an increase in economic losses from natural disasters in Asia, which amounted to USD 126 million a day between 2006 to 2015 (1).

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October 30th, 2018

Mortgage Credit Risk Transfer Market – Expanding Growth Opportunities - GC@PCI Commentary

Posted at 1:00 AM ET

tedeschi_john_300x300John Tedeschi, Executive Vice President

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  • GSEs programmatically use (re)insurance to transfer mortgage credit risk
  • Rate of mortgage loan default low due to impact of regulatory changes affecting banks and loan originators
  • GSEs ceded over USD 20 billion of limit into the global (re)insurance market

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October 29th, 2018

Life: Emerging Competition and the Need to Remake the Reinsurance Relationship - GC@PCI Commentary

Posted at 9:00 AM ET

rains_david-5-2015-reduced-sizeDavid Rains, Managing Director

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  • Life reinsurance value prop a combination of risk capital, differentiated underwriting knowledge and value-added services
  • Availability of capital and insurers’ success in closing knowledge gap in underwriting reduce need to purchase risk protection
  • Reinsurers can position their InsurTech and advanced technologies to make advisory services a core deliverable

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    October 28th, 2018

    Facultative or Treaty and Why the Need for Hybrid Solutions - GC@PCI Commentary

    Posted at 1:00 AM ET

    fleming_jeffJeff Fleming, Managing Director

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    • Facultative and treaty reinsurance offer a host of benefits, but each can be burdened with inflexibilities that limits the utility
    • A reinsurance solution that draws on fac and treaty enables insurers to purchase cover that meets unique needs of their profiles
    • GC Hybrid Solutions(SM), with fixed pricing and set capacity, frees cedents from administrative burdens of fac and provides protection for unexpected events

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    October 23rd, 2018

    Data and Analytics Support Innovations in Flood Risk Management - GC@BB Commentary

    Posted at 9:00 AM ET

    cleary_liz_photo21 Elizabeth Cleary, Managing Director

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    • Increased computing power is fueling innovative solutions for flood underwriting
    • Insurers are using technology to communicate a homeowner’s flood risk with mobile apps
    • Guy Carpenter works extensively with most commercial vendor flood models

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    October 22nd, 2018

    A Strategic Approach to Profitable Growth - GC@BB Commentary

    Posted at 1:00 AM ET

    priebe_david_croppedDavid Priebe, Vice Chairman

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    • Availability of rich data sets and analytic solutions enables evaluation of opportunities
    • Companies seeking growth must evaluate their existing distribution channels
    • Drones and self-driving cars present challenges for (re)insurers

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    October 16th, 2018

    From Threats to Impact: Evolving Risk Concerns in Asia-Pacific

    Posted at 1:00 AM ET

    _offset_472526_smallIn recent years, there has been an increase across the globe in the scale, diversity and impact of risk events. From cyber-attacks to major hurricanes and floods, and from the US-China trade war to unexpected developments around relations with North Korea, recent norms have been turned upside down and uncertainty reigns.

    The Asia-Pacific region has been at the center of many of these developments and businesses operating in the region need to adapt accordingly. Continue reading…

    October 15th, 2018

    Real-Time Risk Management and Next-Generation Insurance

    Posted at 1:00 AM ET

    john_drizik_2John Drzik President, Global Risk and Digital at Marsh

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    A confluence of trends is enabling businesses and the insurance industry to move toward a revolutionary new approach: real-time risk management.

    Managing risk in real time offers the potential to both reduce risk and transfer it more effectively. It means businesses can have an up-to-the-minute view of their changing risk exposures—and take actions to mitigate them—and that the insurance industry no longer needs to rely only on historical data to price risk. Continue reading…

    October 10th, 2018

    A New Boldness in Tackling Emerging Risks – Part II

    Posted at 1:00 AM ET

    For many risk leaders, implementing the seven imperatives in the previous article will prompt a rethink of the team’s capabilities and culture. Operationally, these strategies call for greater experimentation in analytics, creativity in stakeholder engagement, and agility in developing insights on the materiality of pressing concerns. Strategically, it means championing threats for which evidence is limited or conflicting, and helping to scope innovative risk mitigation solutions.

    As outlined in the report Material Improbabilities, Getting Practical with Emerging Risks from Marsh & McLennan Companies Global Risk Center, some risk leaders may need to expand their comfort zone, but those who can mesh strategic vision, influencing skills, and technological fluency on top of their core risk-management expertise will be best positioned to help their firms negotiate dynamic risk environments laden with potential shocks and disruption.

    Read Part I >>

    Click here to download Getting Practical With Emerging Risks >>

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