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. This article provides readers insights into how the current environment has impacted capital levels and how rating agencies may view a company’s ability to withstand market volatility.
Marsh & McLennan Cyber Handbook 2021: Businesses continue to embrace technological innovation despite the fact that doing so may lead to the emergence of new and unforeseen risks. As cyber risk is one of the most swiftly evolving perils in the reinsurance industry, carriers should carefully manage the exposures – and not only for competitive advantage.
COVID-19 and Political Risk – Fuel to the Fire: The last few months have seen the ongoing pandemic’s economic and social impacts drive significant shifts in global political risk. According to the mid-year update to Marsh JLT’s Political Risk Map 2020, COVID-19 has introduced new dynamics and accelerated existing geopolitical megatrends such as trade protectionism and the transition to a multipolar world order.
The Changing Nature of Risk: There is an old adage that “adversity builds character.” However, before adversity builds character, it reveals character, and the numerous catastrophes that have occurred over the last several years combined with the ongoing pandemic have clearly revealed the character of the insurance industry.
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.
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Better By Design: Insights on Demand – Collectively Creating the Post-COVID Future: As organizations continue to adapt and respond to the COVID-19 pandemic, understanding its impacts is critical to mapping the path forward as a business, industry and broader society. Virtually bringing together our global clients, colleagues and subject matter experts, including those from Guy Carpenter, the recent Marsh & McLennan Better By Design conference provided a platform for discussion on shaping the post-COVID world.
