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.
Climate Change is an Opportunity for Business to Thrive: While it is often discussed in boardrooms as a major risk, climate change is also a business opportunity. The low-carbon transition creates opportunities for efficiency, innovation and growth that extend beyond high-carbon industries like energy and transport to all sectors.
Mid-Year 2020 Reinsurance Renewal – Overview: GC Capital Ideas recently featured three posts covering some of Guy Carpenter’s observations on the mid-year 2020 reinsurance renewals.
Pandemic Poses a New Catastrophe Paradigm: This time last year, Guy Carpenter released a report titled The Changing Nature of Risk. Although written in the context of loss accumulation, the changing climate and digitalization, events in 2020 have reinforced the key takeaways from our report: the reality of a rapidly evolving risk environment and the potential for catastrophes to become systemic in nature. These two trends are encapsulated in the COVID-19 pandemic, according to a recent Reactions article by Peter Hearn, President and CEO of Guy Carpenter.
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.
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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.