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.
2019 Terrorism Risk Insurance Report: Terrorism remains a dynamic global risk and a serious threat for people and organizations. The evolution of terrorism risk exposes many countries to complex threats from both international and home-grown groups, as well as individuals acting on their own, known as “lone wolves.” And the evolution of terrorism risk in recent years challenges risk professionals to adopt new strategies to protect properties, employees and balance sheets.
As Wildfires Get Costlier and Deadlier, Insurers and Utilities Pay the Price: The wildfires of 2017 and 2018 have led some to ask whether we have entered a fiery new normal. But the “new normal” framing — the idea that we have reached a new equilibrium — is misleading. Climate change and growing numbers of people and assets in fire prone areas mean there is little chance that wildfire risk will stabilize in the foreseeable future, regardless of whether the last two years were outliers or the start of something more alarming.
Captives Looking to Capitalize on Technology Innovations: The wave of digitization across industries, including insurance, is creating opportunities for captives to invest in technology innovations that can reduce administrative expenses. As digital experiences reshape consumer expectations, businesses are taking cues to deploy technologies that make it easier for users to find information and complete transactions.
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.
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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.
