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.
Governance Challenges 2020 – Strengthening The Board’s Role In Strategy Development and Execution: The 2020 edition of Governance Challenges focuses on the board’s role in strategy. Marsh & McLennan’s contribution, Facing Uncertainty: 25 Strategy and Crisis Questions for Directors, outlines how strategy discussions at a time of crisis create a venue for management and the board to pressure-test assumptions underlying strategy and hone a clearer vision for the organization post-crisis.
The Healthcare Industry Needs to Step Up Its Security Game Now: Guy Carpenter-affiliate Oliver Wyman and Welltok recently hosted a webinar to demystify data security, with a focus on why we all need to play a role in protecting health data. Here are some of the most salient points from David MacLeod, CIO/CISO at Welltok, and Paul Mee, Partner and Cyber Platform Lead at Oliver Wyman, on a critically important and sensitive topic that is too often overlooked.
COVID-19 – Insights, Perspectives & Tools: Marsh & McLennan Companies has created a coronavirus resource page, housed within Guy Carpenter’s insights research page, which provides updated resources to help you decipher the kaleidoscopic landscape of COVID-19 and its influence in eight key areas: business continuity, workforce resilience, risk & insurance, healthcare response, industry impacts, market implications, public sector and long-term perspectives.
June 1, 2020 Reinsurance Renewal – The Impact of COVID-19 on Florida Property Catastrophe Pricing: The June 1, 2020 renewal is the first genuine test of the reinsurance market since the COVID-19 outbreak prompted government-mandated lockdowns across the globe. The pandemic has compounded an already firming reinsurance environment, resulting in challenged placements and pronounced property catastrophe pricing increases, particularly in Florida.
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The Potential New Normal in Insurance Products: As payers respond to the COVID-19 pandemic, they are moving quickly. They are waiving fees, assisting providers, and communicating constantly with members. In the meantime, they should also be taking the long view, thinking carefully about the future and what the new normal may look like once the curve flattens out, according to Oliver Wyman Health & Life Sciences Partner Howard Lapsley and Principal Greg Berger.