A Risk Overview of Wildfire: Today, the frequency and severity of wildfires are garnering greater attention – not only from the media, but also from (re)insurers, catastrophe modelers, mitigation experts and other invested parties.
Chart: Global Composite Return on Average Equity, 2005-YE 2018: Chart reports Return on Average Equity for the Guy Carpenter Global Composite compared against the five-year weighted average.
Top Country-Specific Risk Insights for Business: Asia Pacific: Regional heterogeneity across the Asia Pacific region has translated to diversified sets of concerns in different countries/territories. Correspondingly, businesses, particularly those with international and regional operations, need to be able to deal with more risks from multiple sources.
Aviation Industry May Be Vulnerable to Cyberattack Through Its Global Supply Chain: While major aircraft manufacturers and airlines make obvious targets because of the potential they represent to conspicuously disrupt international commerce, they also rank high on hackers’ to-do lists because they maintain global, highly interconnected supply chains that over the past few years have been aggressively digitizing operations. More digitization means more attack surface for hackers.
Chart: Evolution of the Sidecar Market: Chart presents the evolution of sidecar capacity compared with the Global Property Catastrophe ROL Index, 2005 – 2018.
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Climate Change Has Claimed Its Biggest Corporate Victim; Now Banks Are on Alert: When PG&E filed for Chapter 11 protection in January, The Wall Street Journal dubbed it the “first climate change bankruptcy.” The California power utility was facing USD 30 billion in potential liabilities following a series of devastating wildfires linked to its equipment-wildfires made more likely by a prolonged period of hot, dry weather that had reduced the surrounding forests to tinder and which scientists have since attributed to climate change.