Future of Work: How Hybrid Should Your Workplace Be? The COVID-19 pandemic is forcing financial services executives to reimagine the workplace of tomorrow while simultaneously scrambling to ensure they can operate safely today. The moves they make in the next few months in shaping how colleagues return to the office could have ramifications for years to come.
Decrypting the Misconceptions Around Ransomware: Ransomware has progressively become a loss trend across the cyber industry, with pricing strategies being recalibrated to account for this growing risk. Guy Carpenter is working closely with our clients to share updates on the threat landscape, deliver cyber industry insights, construct relevant modeling scenarios, and design reinsurance placements to protect these portfolios. The industry is also adopting new risk mitigation, pricing and underwriting tactics in order to course-correct from the impact of this expanding cyber risk.
Can the Insurance Industry Bridge the Pandemic Insurance Protection Gap? Pandemic insurance has suffered from both supply and demand limitations. The pay-outs, while sporadic, can be so enormous that they dramatically exceed insurers’ capacity to bear them. And it’s always harder to convince a company to buy insurance that protects against something that hasn’t happened in a hundred years and seems theoretical, according to Ruth Lux, Head of Public Sector, EMEA, Guy Carpenter.
Sunk Costs: The Socioeconomic Impacts of Flooding: Flooding is the most pervasive natural disaster in the world. Since 1980, floods have killed over 250,000 people and caused over USD 1 trillion in damage, accounting for about 40 percent of natural catastrophe losses. Risks are increasing due to climate change and the growth of populations and economic activity in flood prone areas. This has implications for prosperity and economic security, as well as societal wellbeing because flooding disproportionately affects the poorest and most marginalized communities.
Artificial Intelligence Will Enable Personalized, Proactive and Smarter Care: Artificial intelligence (AI) will enable care that is more personalized, proactive and smarter than ever before – abating acute events through early, accurate detection. Veering from treatment to prevention will disrupt traditional business models.
And, you may have missed….
Video, Dean Klisura, President, Guy Carpenter, On the Reinsurance Landscape: Guy Carpenter President, Dean Klisura, speaks with The Insurer on a wide-ranging set of topics that include the Changing Nature of Risk, the COVID-19 excess of loss claims arena, broker consolidation and race for talent, public-private structures for systemic cyber, future pandemic (re)insurance solutions and the insurance-linked securities renaissance.