Video – The Reinsurance Market and Climate Change: In this video, Jessica Turner, Senior Vice President, Catastrophe Advisory at Guy Carpenter, explains to The Insurer how firms need to incorporate climate change and related risk factors into their decision making.
Why 2020 Has Made the Ever-Evolving Cyber Landscape Even More Dynamic: The insurability of systemic cyber risk will be one of the defining issues of the next decade for the (re)insurance sector. Rapid technological changes and digitalization in particular have already transformed the characteristics of risks assumed by the (re)insurance market.
Video – Catastrophe Bonds in the Post-COVID Environment: In this video, Cory Anger, Managing Director, GC Securities, speaks to The Insurer and explains how the catastrophe bond sector will flourish in a post-COVID-19 marketplace.
The Changing Nature of Risk – Casualty Dynamics: History shows that the insurance market is cyclical, and this is especially true for casualty lines of business. As long-tail lines, the ultimate profitability of a year is not known for many years as changing loss trends and causes may not be recognized until it is too late to protect against adverse development. The casualty marketplace now finds itself in such a position.
Risk-Based Capital Stress Testing in Today’s Environment: As companies continue to navigate the repercussions of the COVID-19 pandemic, 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.
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Video – What Governments Can Do to Identify and Build Resilience Against Climate Risks: To accompany the 2020 Marsh & McLennan Climate Resilience Handbook, Marsh & McLennan has released a video featuring commentary from climate change experts throughout the business. In this excerpt from the video, Ruth Lux, Head of Public Sector, EMEA at Guy Carpenter, discusses what governments can do to identify and build resilience against climate risks.