Chart: Significant Insured Losses – 2011 to Q2 2019: Chart exhibits the significant insured losses from 2011 through the second quarter of this year. First-half 2019 losses are at levels below those experienced in first-half 2017 and 2018.
CAT- i Bulletin: Hurricane Barry: Hurricane Barry made landfall near Morgan City, Louisiana on July 13, briefly reaching hurricane status while moving ashore.
Public/Private Risk-Sharing Mechanisms Help Manage the Financial Threat of Terrorism: Depending on domicile, insurers can often access public/private risk-sharing mechanisms that can help manage the financial threat of terrorism. Coverage purchased via these mechanisms is typically triggered by a national government’s declaration that a terrorist event has occurred.
How Chief Human Resources Officers Can Be Your C-Suite’s Innovation Drivers: The number of corporate innovation centers has grown from 300 to 580 from 2015 to 2017. Unfortunately, the success of these innovation centers has been mixed. Centers that tend to lag in performance usually have unclear strategic goals, suboptimal setup and vaguely defined success metrics.
Asia Region Most affected by Rising Sea Levels: On a global scale, some cities are sinking faster than sea levels are rising, says the Global Risks Report 2019, which was produced by World Economic Forum with the support of Guy Carpenter’s parent company, Marsh & McLennan Companies. Asia will be the worst affected region as a result of a combination of hydrology, population density and asset concentration.
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How to Line Up Your Cyber Defense: Given the reality of the cyber threat landscape, you need to determine the tools you need to mitigate and respond to inevitable cyber attacks. Unfortunately, while both the aggressiveness and sophistication of cyber attacks have accelerated, defensive capabilities have been relatively slow to evolve and respond.