1. Competition and Change Are the Only Certainties for P&C Carriers: An abundance of capital from a wide range of sources coupled with evolving catastrophe risks and an extended period of low interest rates, are increasing the pressure on the property & casualty (P&C) industry to continue to increase its focus on underwriting. As such, business models for insurance companies have been progressing and the pace and opportunity associated with data, information, and technology have influenced how risk is analyzed, selected, distributed and mitigated against the insurance equation of rate, exposure and capital, according to Thomas Hettinger, Managing Director, Strategic Advisory, Guy Carpenter.
2. Review of Climate Change Risks on GC Capital Ideas: Here we highlight the recent stories that GC Capital Ideas has presented on managing risks associated with climate change.
3. The South Asia Risks Landscape: The first step for stakeholders looking to build resilience in their region is to gain a holistic sense of the risk environment, its complexities and the way in which global and local risks intersect with one another. Following this approach, The South Asia Risks Landscape white paper, developed by the World Economic Forum in partnership with Marsh & McLennan, incorporates data from the 2018 Global Risks Perception Survey and 2019 Executive Opinion Survey to offer a detailed overview of the risk environment in South Asia.
4. Oliver Wyman – 2020 Women in Financial Services Report: The latest edition of the Women in Financial Services report from Guy Carpenter affiliate, Oliver Wyman, has found that the industry is finally making progress on gender diversity in the workforce. Mindsets are shifting and, as a result of hard work and commitment, progress is beginning to be reflected in the numbers.
5. The Twin Trends of Aging and Automation: The twin trends of rapid population aging and automation have been unprecedented in speed and scope. Both academia and industry have dedicated extensive research to understanding the direction, magnitude, variations, and impacts of these separate trends. In the first report of this two-part series, Marsh & McLennan Advantage Insights, in collaboration with Mercer and Oliver Wyman (each an affiliate of Guy Carpenter), contributed to this literature by focusing on how automation affects workers above the age of 50 across 15 major markets in the Americas, Europe and Asia-Pacific.
6. Review of Cyber Risk on GC Capital Ideas: Here we showcase the recent stories that GC Capital Ideas has presented on cyber risks. Particular topics of focus include how to protect data as digital systems become increasingly seamless across platforms, and the views business leaders across the United States, Canada and Europe hold on the threat cyberattacks pose.
7. Guy Carpenter Market Pulse – Employee Stop Loss (ESL) Survey Results: The Guy Carpenter ESL survey focused on various issues, including market sizing, outsourcing of various functions, employee count and more. Our survey gathered responses from top providers in the U.S. market, representing various sizes, segments and distribution sources.
8. Chart – Significant Insured Losses from 2011 to Q3 2019: Chart exhibits the significant insured losses from 2011 through the third quarter of this year. Insured loss for the third quarter 2019 is approximately USD 17-19 billion. This quarter’s insured loss is mainly driven by two major events: Typhoon Faxai in Japan and Hurricane Dorian.
9. The Energy Sector’s Carbon Emissions Are Rising, Not Falling. Can COP25 Turn it Around: This year’s U.N. Climate Change Summit, known as COP25, opened last Monday (December 2nd) in Madrid against a backdrop of mounting urgency. In the last 12 months, the U.N.’s climate science body, the Intergovernmental Panel on Climate Change (IPCC), has issued two special reports raising stark warnings of the risks climate change poses to food security and the oceans.
10. Review of Asia Pacific Insights on GC Capital Ideas: Here we feature recent stories covering the Asia Pacific region. Topics of focus include geography-specific perils such as potential water crises, and new approaches to managing life reinsurance arrangements.