Chart – Significant Insured Catastrophe Losses 2011 – 1H2020: The following chart shows significant insured catastrophe losses between 2011 and the first half of 2020.
Building Climate-Resilient Infrastructure in the Post-Pandemic World: With the global economy facing its deepest economic contraction since the second world war, many governments are looking to infrastructure development to reinvigorate growth. Investments in infrastructure have the potential to boost productivity, facilitate trade and generate widespread multiplier effects that can aid economic recovery.
Risk-Based Capital Stress Testing: As companies continue to navigate the repercussions of COVID-19, it is important that they understand the pandemic’s impact on risk-based capital (RBC). Insurers are dealing with COVID-19’s effects on assets and liabilities, both of which can affect capital levels.
Parametric Insurance Can Boost Resilience for the Public Sector: In the wake of a natural disaster, traditional insurance can help restore insured assets to their status prior to the loss. It may not always be desirable, however, to restore a situation that led to a vulnerable state in the first place. The public may want — and need — to create new approaches to urban planning, construction or water management that leverage lessons from the disaster, according to Guillermo E. Franco, Managing Director & Global Head of Catastrophe Risk Research at Guy Carpenter.
Podcast – Digital Opportunities & Risk During COVID Times: The fourth installment of the Marsh & McLennan Advantage podcast examines three areas where the pandemic has led to a broader engagement with technology.
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Mid-Year 2020 Reinsurance Renewal – Guy Carpenter U.S. Property Catastrophe Rate-On-Line (ROL) Index: The U.S. property catastrophe Rate on Line (ROL) index for January through July renewals was up 12 percent year-on-year. Pricing pressures have built through the course of the year: The mid-year data point represents a larger increase than what was recorded at January 1. Wind and wildfire-exposed programs once again played a prominent role in driving the index higher, with COVID-19 acting as an accelerating force.