Loss Reserve Protection Covers – Amid an Unprecedented Confluence of Headwinds, Solutions for Achieving Capital Optimization: The COVID-19 pandemic clearly presents significant challenges to insurers, but it is also becoming increasingly clear that (re)insurers are likely entering a far more favorable underwriting environment. After years of relative stability brought about by strong capitalization, the landscape for the sector has undeniably changed, with pressure on the asset side of balance sheets coinciding with high natural catastrophe losses, shrinking reserve cushions and social inflation, according to Ed Hochberg, Head of Global Risk Solutions at Guy Carpenter.
Hurricane Season Has Started, but FEMA Is Tied Up With Coronavirus: The Atlantic hurricane season is now officially underway, and The National Oceanic and Atmospheric Administration (NOAA) is predicting it to be a busy one, with an above-average six to 10 hurricanes. Meanwhile the U.S. federal government’s hurricane response agency, The Federal Emergency Management Agency (FEMA), is currently leading the response to coronavirus.
Lockdown 4.0 and Beyond – A Recovering India: With its decision to extend lockdowns and increase testing rates, Indian Central and State Governments have put in place measures to better manage the COVID-19 contagion curve and alleviate the impact on strained healthcare systems. However, containment is ultimately dependent on therapeutic breakthroughs that are still months away. In a new report, India in Lockdown 4.0, Oliver Wyman offers its perspective on recovering and calls on government and industry to work closer together than ever before.
How Boards Can Take the Long View During COVID-19: The COVID-19 pandemic has quickly grown from one concern among many to a dominant near-term societal issue. Frontline healthcare workers are heroically managing whatever comes, and now it’s senior leadership’s job — including board members — to make sure workers have what they need in the coming weeks and months to effectively serve patients and ultimately mitigate the effects of this pandemic.
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.
And you may have missed..
European Healthcare Investment During COVID-19: As the initial systemic shock that COVID-19 has had across the globe begins to abate, healthcare has proven economically resilient relative to other sectors. The crisis has however fundamentally changed the short- and medium-term future healthcare landscape – impacting both the healthcare provider and life sciences industries.