Insurance-Linked Securities Market Outlook: The catastrophe bond market demonstrated critical resiliency during 2019 and delivered ample capacity at a time when it was most needed, according to Shiv Kumar, CEO of MMC Securities.
Global Risks Report 2020 – Climate Realities: According to the 2020 Global Risks Report, produced by the World Economic Forum in partnership with Marsh & McLennan and Zurich Insurance Group, the near-term consequences of climate change add up to a “planetary emergency”. Implications are catastrophic, wide-ranging and intersecting.
2020 AFP Risk Survey – Cybersecurity Continues to Dominate Risk Landscape: While cyber risk flew under the radar 10 years ago, today it’s a top concern. In a survey of nearly 365 treasury and financial professionals, 53 percent of respondents reported that cybersecurity risk is currently the most challenging risk to manage, and the majority believe it will continue to be for the next three years.
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.
Outbreaks, Epidemics, and Pandemics – Preparedness and Response Strategies: Over the last century, tens of millions of lives have been claimed by pandemics, epidemics, and outbreaks that also have wreaked havoc on businesses and damaged national economies. Outbreaks, Epidemics, and Pandemics: Preparedness and Response Strategies, a report from Guy Carpenter-affiliate Marsh, identifies the main challenges that organizations may face during the novel coronavirus health emergency and other outbreaks and looks at actions that risk professionals can take to mitigate these risks.
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The Changing Nature of Risk: In a recently published report by Guy Carpenter, we analyze how an accumulation of losses from recent extreme weather events, the specter of climate change and higher loss cost trends in a number of long-tail business lines are forcing carriers to reassess views of risk. Capital inflow levels and risk appetites are responding accordingly, according to Robert Bentley, CEO, Global Strategic Advisory, Guy Carpenter.
