Silent Cyber – No Longer Silent: Silent (or non-affirmative) cyber refers to cyber-related exposure within many all-risk general insurance products. If no explicit cyber exclusion applies, coverage for losses caused by cyber perils may apply. This underlying exposure’s potential for aggregated loss is currently one of the major issues being considered by the (re)insurance industry.
Why Human Resources is a Key Stakeholder in Cyber Risk Management: The human resources (HR) function has become integral to organizational cyber risk management in recent years. Along with information security/information technology (InfoSec/IT), HR is increasingly called upon to help determine and enforce employee data permissions, train and enforce cybersecurity policies and procedures and help respond to cyber events involving employees.
Governments Need Private Capital for Economic Recovery and Future Disaster Protection: The risk landscape for public sector entities is changing faster than ever before, with extreme weather, mass migration and unfunded social liabilities set to dominate government agendas for decades to come, according to Guy Carpenter colleagues Jake Clark, Head of Public Sector, North America, and Ruth Lux, Head of Public Sector, EMEA.
Putting Data-Based Insights at the Core of Your COVID-19 Strategy: As the pandemic continues, senior leaders face growing uncertainty, and the volume of information and decisions they must make complicates the most pressing risks. Simply put, the pandemic demands that corporate leaders use a data-based strategy to rethink the ways in which enterprise risk is defined, measured and managed.
CARES Act Boosts Telehealth, Makes Other Health, Paid Leave Changes: Healthcare reforms heading for enactment with the latest coronavirus relief package ease telehealth rules for high-deductible health plans paired with health savings accounts; permit group health plans — including healthcare accounts — to reimburse costs for over-the-counter drugs; and require first-dollar coverage for COVID-19 testing and vaccine.
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Estimating the Impact of COVID-19 on the U.S. Medical (Re)Insurance Market: The societal, operational and human costs associated with COVID-19 are prominent in our thoughts, discussions and efforts. While these costs are undoubtedly high, health insurers and reinsurers are also closely monitoring the direct and indirect financial impact of the virus. The growing use of telemedicine and capacity constraints within our healthcare system will potentially dull utilization increases; however, the financial costs will still be significant. This briefing includes a discussion of reinsurance coverage and rate implications.