Financial Market Resilience – Three Waves of Action for Market Infrastructure Firms in the Aftermath of COVID-19: COVID-19 will play a crucial role in defining how financial market infrastructure evolves over the next decade. In a new report, Guy Carpenter-affiliate Oliver Wyman outlines three waves of management action to help navigate the challenges ahead. The report was written by Oliver Wyman Partners Hiten Patel, Daniela Peterhoff, Michael Wagner and Tobias Wuergler and Principal Nikolai Dienerowitz.
Review of Climate Change Risks on GC Capital Ideas: Here we highlight the recent stories that GC Capital Ideas has presented on managing risks associated with climate change.
COVID-19’s Impact on the U.S. Debit Market: COVID-19 is a black swan event, a global pandemic unlike any event in the past century. It has significantly impacted the U.S. economy and, with it, the U.S. debit market. Transactions plummeted 25-30 percent in mid-March as shelter-in-place rules went into effect and businesses closed.
Liability Insurance Shoots Up in First Quarter of 2020: Global commercial insurance prices increased 14 percent, on average, in the first quarter of 2020. All three major product lines — property, casualty and financial and professional — showed increases in the first quarter, according to Dean M. Klisura, President of Global Placement and Advisory Services at Guy Carpenter-affiliate Marsh.
Four Scenarios for the Post-Coronavirus Economy Through the Lens of Post-War Recovery: A few things about the post-virus world already appear near-certain. For one, bank balance sheets will weaken. While most analyses look back at what happened after the financial crisis, World War II and its aftermath may serve as an alternative model for how the post-coronavirus-crisis economy might play out.
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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.