1. COVID-19 Makes Digital Care the Norm in China: The global COVID-19 pandemic has hit healthcare hard, considering the immense pressure for the sector to build up capacity, to protect its workforce, to coordinate across public response and policy and to assure and serve the populace in many stages of worry or disease. As the government urged or mandated populations to stay at home and as hospitals turned away patients for non-COVID-19 related ailments, digital health and telemedicine supplemented the strained delivery system.
2. CAT-i Report – Typhoon Vongfong (Ambo): In the Northwest Pacific Basin, Typhoon Vongfong made landfall in the Philippines on May 14 around 12:15 PM local time (0415 UTC), in the municipality of San Policarpo, Eastern Samar Province. Just after moving inland, the typhoon carried 1-minute sustained winds of around 185 km/hr (115 mph), a category-3 on the Saffir-Simpson Scale according to the Joint Typhoon Warning Center (JTWC).
3. 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.
4. 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.
5. 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.
6. 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.
7. COVID-19 – Current and Future Impacts on Medical Insurance: As we learn more about the COVID-19 virus, societal responses and vaccine development, our collective knowledge continues to develop. Throughout this time, Guy Carpenter is continually connecting with our clients and business associates to gather the key questions health insurers are asking along with the range of potential outcomes.
8. COVID-19 Risks Outlook – A Preliminary Mapping and Its Implications: COVID-19 Risks Outlook: A Preliminary Mapping and Its Implications, published by the World Economic Forum with support from Marsh & McLennan, examines familiar risks that may be amplified by the pandemic and new ones that may emerge. The report draws on survey results of nearly 350 senior risk professionals who were asked to identify their biggest concerns over the next 18 months for both the world and their business.
9. 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 Guy Carpenter-affiliate Oliver Wyman. In light of this and other risk factors, economic policy makers need new tools to foster a robust recovery.
10. How Will Climate Catastrophes Be Handled in the Face of Coronavirus: A lot can change in three months. As the year got underway, climate change was widely viewed as the most serious threat to global prosperity. The annual risk perception survey of the 2020 Global Risks Report, published by the World Economic Forum in partnership with Marsh & McLennan, saw climate-related risks dominate the rankings in terms of both likelihood and impact.