CAT-i Bulletin – Tennessee Tornadoes: In the early hours of March 3, 2020, severe thunderstorms spawned multiple tornadoes in Middle Tennessee, including an EF-3 tornado affecting parts of Nashville and a stronger EF-4 tornado in Putnam County. Media reports indicate at least 24 fatalities statewide and extensive damage to property and infrastructure has been reported in affected areas, with at least 50 homes completely destroyed and many more damaged.
Access to Private Capital Crucial to Governments’ Ability to Enhance Climate Resilience: Severe weather events and demographic challenges are putting an increasing strain on government finances, requiring a rethink of how catastrophic events are funded and a greater use of public-private partnerships to manage risk, according to Guy Carpenter. In a report released this week – Protecting our Planet and the Public Purse – Guy Carpenter highlights how the risk landscape for public sector entities is changing at an unparalleled rate, with extreme weather, mass migration and unfunded social liabilities set to dominate government agendas for decades to come.
What is Driving Cyber (Re)insurance Sales: Guy Carpenter investigates what is driving cyber insurance sales on both the direct and reinsurance sides.
The Impact of Coronavirus on the Global Market: According to the World Health Organization, the Coronavirus outbreak has reached a decisive point. It now has “pandemic potential” and companies are understandably concerned about the spread of the virus and its effect on their business. As the situation changes daily, companies are looking for guidance. How will the spread of Coronavirus impact your employees? What about those working in affected locations and traveling on business? And how should your company respond?
Global Risks Report 2020 – The Digital Frontier: Both sets of respondents to the Global Risks Perception Survey (a component of the 2020 Global Risks Report, presented by the World Economic Forum and Marsh & McLennan) — the multistakeholder community and the Global Shapers — identify cyber-related issues, such as cyberattacks and data fraud or theft, within the list of top 10 long-term risks.
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How to Blend Tech and An Experienced Workforce: By 2030, the number of employees in the global workforce aged 50 to 64 is projected to increase by 15 percent to 30 percent. Companies thus face a critical challenge: How can they balance automation and digitization ambitions with the growing societal demand to help ensure adequate social protection and well-being for experienced workers?