Standard & Poor’s Outlook on COVID-19 – Overview: GC Capital Ideas recently featured a four-part article on Standard & Poor’s (S&P) assessment of COVID-19’s impact across the insurance and reinsurance markets. The series discusses the pandemic’s effect on U.S. property & casualty (P&C) insurance, U.S. life insurance, global reinsurance and stress test modeling.
2020 Marsh & McLennan Climate Resilience Handbook: The 2020 Marsh & McLennan Climate Resilience Handbook presents a selection of perspectives from Marsh & McLennan businesses, offering insights from their work helping clients confront climate change and navigate a course through risk to opportunity.
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.
How Overlooking Climate Change Could Become a Personal Liability: Climate change is complicating two of the most important board responsibilities — its duties to protect long-term shareholder value and oversee risk management. Investors and regulators are paying more attention to how companies are managing climate risks as concerns grow about the risk that climate change poses to shareholder value, with implications for directors.
Chart – Significant Insured Catastrophe Losses 2011 – 1H2020: The chart in the link below shows significant insured catastrophe losses between 2011 and the first half of 2020.
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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.