Chart: Guy Carpenter Global Property Catastrophe Rate-On-Line (ROL) Index – 1990 to 2021: The Guy Carpenter Global Property Catastrophe ROL index was up 4.5 percent year on year, at January 1.
Renewals Season Roundup: As we head into the mid-year renewal season, GC Capital Ideas brings together posts highlighting the renewals that occurred at the beginning of the year along with early outlooks.
Chart: Top 10 Largest Insured Losses Versus Projections for COVID-19: Company-reported COVID-19 losses are near USD 30 billion. When added to 2020 large losses, total loss is approximately USD 110 billion. Using the mid-point of public COVID-19 loss estimates, a number in excess of USD 140 billion is generated.
GC Capital Ideas Top Climate Change Insights: The 2021 Global Risks Report posits that climate change impacts cannot be ignored. Here we bring together a roundup of recent GC Capital Ideas posts focusing on climate change. The 2021 Global Risks Report is published by the World Economic Forum with support from Marsh McLennan.
April 2021 Reinsurance Renewals; Japan: At the April 1 reinsurance renewals, property catastrophe pricing increased for the third year in a row. Following the first loss-free year since 2018, there was some consolation for buyers in that the average increase was the lowest of the past three years. Rates moved up on average by a small percentage for mutual buyers.
And, you may have missed….
Address Ergonomic Problems Before Remote Work Becomes a Costly Risk: From flexible working hours to better work-life balance, the benefits of remote work for employees are numerous. Companies can also benefit from a more engaged and productive workforce and reduced costs. But the shift to remote work doesn’t come without potential pitfalls, including the risk of an increase in ergonomic injuries.