Guy Carpenter Launches Probabilistic Philippines Flood Model: Guy Carpenter recently announced the launch of its new Philippines Flood Model. The probabilistic model provides countrywide coverage and enables insurers to assess flood exposure, one of the most frequently occurring natural hazards in the region.
How COVID-19 Strategies Can Help Fight Climate Change: After months in 2019 of record-breaking wildfires, heatwaves and slow-moving tropical megastorms, 2020 might have been a year when the international community was ready to make serious strides in the fight against the Earth’s rising temperatures. Instead, we are facing a virulent coronavirus pandemic that has shut down most economic activity worldwide and sidelined the issue of climate change.
Reinsurance Resilience and Value – Protecting our Planet and the Public Purse: The global reinsurance market has been fundamental to the management and mitigation of risk for over 150 years. Guy Carpenter’s Protecting our Planet and the Public Purse report examines how the reinsurance market’s innate ability and desire to innovate and evolve through different market cycles and periods of change has helped to strengthen the market’s resolve and resilience to losses.
Four Key Policy Tools For Economic Recovery: The corporate sector in many countries had already operated with high levels of debt, which the pandemic will exacerbate by adding further debt and reducing cash flows, according to Douglas J. Elliott, Partner, Financial Services at Oliver Wyman. Oliver Wyman is an affiliate of Guy Carpenter.
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.
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Responding to COVID-19 in Brazil: Around the world lockdown measures have been put in place to flatten the COVID-19 contagion curve and alleviate impact on health systems. The side effect, however, has been a profound and unprecedented negative impact in the real economy.