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.
Catastrophe Bonds, Disaster Risk Insurance Facilities and Natural Disaster Funds – Protecting our Planet and the Public Purse: Guy Carpenter’s recently released report on the public sector response to climate change, Protecting our Planet and the Public Purse, looks beyond the United States’ approach to natural catastrophe risk mitigation and investigates the measures taken by countries in Latin America and Asia.
What’s Around the Bend for Health Plan Pricing: Over half a million people across the United States to date have tested positive for COVID-19. The nation’s healthcare system has been brought to its knees. There is incredible newfound gratitude for healthcare workers, true heroes who risk their lives to save lives, all from the frontlines of a pandemic. Many healthcare stakeholders have come together in extraordinary ways. New collaborations are emerging among providers, health plans, organizations, and government, according to Martin Graf and Jimmy Lee, Partner and Senior Adviser, respectively, in Oliver Wyman’s Health & Life Sciences group.
Is Coronavirus About to Cause the Next Global Financial Crisis: The ongoing coronavirus is extracting a heavy toll on financial markets and investors’ psychological well-being. Much of the focus of headlines has been on the gut-wrenching losses in major global stock and commodity markets, disorienting spikes in equity volatility and plunges in treasury yields. But the shaky foundations of the USD 72 trillion global corporate debt market arguably pose a greater threat to the economy and financial system, according to Josh Zwick, Partner at Oliver Wyman, and Alex Bernhardt, Director at Marsh & McLennan Advantage. Oliver Wyman and Marsh & McLennan Advantage are affiliates of Guy Carpenter.
COVID-19 Perspectives Series – Q&A with David Priebe, Chairman, Guy Carpenter: David Priebe offers COVID-19 insights on investment portfolio impact on (re)insurance pricing, pricing momentum amid economic challenges, alternative capital and communicable disease exposures and exclusions in an interview with The Insurer.
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As Coronavirus Spreads, Society and Organizations Take an Emotional Journey: The global coronavirus crisis should remind everyone that, when dealing with a pandemic, information and empathy are key to understanding and empathizing with co-workers and clients who may be on different parts of the journey, according to Norman Dreger, Partner at Mercer. Mercer is an affiliate of Guy Carpenter.