Global Risks Report 2020: The 15th edition of the Global Risks Report has been published by the World Economic Forum with support from Marsh & McLennan. Drawing on feedback from nearly 800 global experts who were asked to rank their concerns in terms of likelihood and impact, this year’s report highlights two core threads across the risks landscape: Intensifying confrontations, both between and within countries, and a heightened sense of urgency around climate, public health, and technology systems.
CAT-i Report – Australia Bushfires: Bushfire activity in the last few months has rendered significant impacts to portions of Australia, and especially so in recent weeks with severe impacts reported in New South Wales. The bushfire activity has caused devastating impacts to human life, property, infrastructure, and wildlife.
Modeling Insights: Here we review recent GC Capital Ideas posts covering insights on modeling.
January 1, 2020 Reinsurance Renewals Reflect Asymmetrical Market: Reinsurance renewals at January 1, 2020, were shaped by deteriorating loss experience, a lack of new capital inflows and increasingly challenged environments in the primary insurance and retrocession markets, according to Guy Carpenter. In its initial view of the January 2020 renewal, Guy Carpenter said that while reinsurance supply was largely sufficient to meet increasing demand in all but the most constrained areas, outcomes varied significantly by geography, line of business and cedent, with performance one of the key differentiators.
Chart – Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2020.
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What Is Changing in the U.S. Healthcare Reinsurance Market: Traditionally, healthcare reinsurers offered a robust model to customers, with additional services including claims analysis, access to vendor contracts in high-cost, specialty areas like organ transplant or dialysis, nurse hotlines, pre-natal teams and general expertise on “who to call” regarding specific claimant issues. Low loss ratios — around 65-75 percent — and high levels of client retention not only enabled, but also justified, those auxiliary services and let them take on a high expense load while maintaining a profitable business, according to Phillip Barker, Managing Director, Healthcare Practice, Guy Carpenter.