January 1, 2020 Reinsurance Renewals – Retrocession: Reinsurers have ceded increased levels of premium into the retrocession market in recent years by leveraging strong market competition brought by new capital inflows. However, the environment in the retrocession market was challenged at January 1, 2020, characterized by trapped capital, a lack of new capital and continued redemptions from third-party providers.
2020 Global Risks Report: The 2020 Global Risks Report, prepared by the World Economic Forum (WEF) with the support of Marsh & McLennan Companies, comes as long-mounting, interconnected risks begin to present themselves, and the need to address them becomes more urgent.
2020 State of the Financial Services Industry Report: Financial institutions in 2020 face a big challenge: creating the business of the future from the legacy they have today. This is revealing a major tension between two opposing mindsets, the vision mindset and the value mindset. The latest edition of Oliver Wyman’s State of the Financial Services Industry report explores how pressure is building to deliver on investment programs and how we believe winning firms will manage the collision between vision and value. Oliver Wyman is an affiliate of Guy Carpenter.
CAT-i Report – Southern Australia Hailstorms: Severe thunderstorm activity affected large parts of Victoria, Canberra, Sydney and South-East Queensland from January 19-21. The storms produced large hail, damaging winds and flash flooding in many areas across these states.
Deep Dive on Decarbonization of Maritime Industry: Climate change is an increasingly urgent global issue that crosses sectors and geographies. Reducing Green House Gas Emissions (GHG) is at the forefront of many efforts to combat the potentially catastrophic rise in global temperatures, and an area in which shipping has a strong role to play. The 2019 Global Maritime Issues Monitor, produced by Marsh in partnership with the Global Maritime Forum and the International Union of Marine Insurance (IUMI) looks at some of the critical issues facing the marine industry. Marsh is an affiliate of Guy Carpenter.
And, you may have missed ….
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.