CAT-i Report – Severe Thunderstorm Activity in the U.S. Southeast: Weekend severe thunderstorm activity has affected areas from the Southern Plains to the Atlantic Coast, with especially severe activity reported Sunday, April 12. In particular, several long-track, destructive tornadoes were reported including a confirmed EF-3 crossing portions of Monroe, Louisiana, another EF-3 near Clemson, South Carolina and two significant tornadoes reported north of Hattiesburg, Mississippi.
Estimating the Impact of COVID-19 on the U.S. Medical (Re)Insurance Market: As the COVID-19 situation is changing on a daily basis, the impact to the insurance and reinsurance markets is not yet fully known. However, given the significance of the developments, Guy Carpenter provides our view of how COVID-19 may impact the medical (re)insurance market.
A Clear and Present Danger -Protecting our Planet and the Public Purse: According to Antonio Guterres, Secretary General of the United Nations, climate change is “the single biggest threat to life, security and prosperity on Earth.” Secretary Guterres is not alone in drawing this conclusion. Over 12,000 leaders from various business, political and non-profit arenas polled for the World Economic Forum’s 2020 Global Risks Report identified environmental threats as the top risks facing the world for the coming year.
COVID-19 Perspectives Series – Q&A with David Priebe, Chairman, Guy Carpenter: Guy Carpenter Chairman David Priebe offers COVID-19 insights on economic and legislative issues, (re)insurance renewals and brokers’ and carriers’ roles, in an interview with The Insurer held on March 30.
Planning for the Unexpected – COVID-19 Is a Dry Run for Climate Catastrophes: Around the world, central banks are scrambling to tackle the economic and financial damage wrought by the coronavirus pandemic, announcing interest rate cuts and asset purchase programs to shore up economies and a range of regulatory and supervisory measures to maintain financial stability and ensure liquidity, according to Rob Bailey, Director of Climate Resilience at Marsh & McLennan Advantage Insights.
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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.