1. 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.
2. 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.
3. Healthcare Providers’ Coronavirus Response: Following the Center for Disease Control’s (CDC) announcement that the United States should prepare for a major coronavirus outbreak, healthcare providers are planning and implementing their response. Events over the last several days have made it clear that the COVID-19 virus is present in the United States and is spreading within some communities, according to Bruce Hamory, MD, Partner and Chief Medical Officer in Oliver Wyman’s Health & Life Sciences practice, and Helen Leis, Partner in Oliver Wyman’s Health & Life Sciences practice.
4. Global Risks Report 2020 – The Slowing of Health Progress: Following over half a century of rapid improvements to medicine, public hygiene and healthcare infrastructure, progress is beginning to decelerate and lifespan disparities based on geography and socioeconomic status are growing. The 15th edition of the World Economic Forum’s Global Risks Report, created in partnership with Marsh & McLennan and Zurich Insurance Group, examines the factors behind this slowdown, and the repercussions for the broader (re)-insurance market and industry.
5. What is Driving Cyber (Re)insurance Sales: Guy Carpenter recently published its Cyber Year in Brief and 2020 Outlook, which takes a look back at the prevailing cyber-related trends of 2019.
6. How U.S. Retailers Should Prepare To Weather The Pandemic: While many cities in Asia and portions of Europe have been locked-down, across much of the United States it’s business-as-usual in retail and stores remain busy (in many cases busier than usual). The difference may mainly be one of timing.
7. 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. Mercer, a Guy Carpenter affiliate, has already conducted a global spot survey on this topic with input from more than 300 companies across 37 countries.
8. 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.
9. 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.
10. Global Risks Report 2020 – Pressures on Health Systems: Gathering pressures are straining health systems on many fronts. The 2020 Global Risks Report, produced by the World Economic Forum in partnership with Marsh & McLennan and Zurich Insurance Group, discusses long-standing challenges as well as the next generation of health pressures that health systems are now confronting.