Guy Carpenter announced the appointment of Michael Harden as President of Asia Pacific, with immediate effect. ... Continue Reading »
Asia Pacific
Week’s Top Stories: July 24 – 30, 2021
Post Event Report, Henan Flood – July 17-21: During the period of July 17 to 21, catastrophic flooding affected Zhengzhou, Henan in Mainland China. The flooding was driven by historic intense rainfall caused by the combination of air-flow around the Western North Pacific Subtropical High and tropical cyclones Cempaka and In-fa. Read the report >> Growing Cyber ... Continue Reading »
Post Event Report: Henan Flood – July 17-21
Summary During the period of July 17 to 21, catastrophic flooding affected Zhengzhou, Henan in Mainland China. The flooding was driven by historic intense rainfall caused by the combination of air-flow around the Western North Pacific Subtropical High (WNPSH), and tropical cyclones Cempaka and In-fa. The observed precipitation surpassed the historical record of past decades ... Continue Reading »
The Digital Frontier of Health Promotion and Prevention
The societal, operational and human costs associated with COVID-19 are prominent in our thoughts, discussions and efforts. While these costs are undoubtedly high, health insurers and reinsurers are also closely monitoring the direct and indirect financial impact of the virus. Globally, healthcare has predominantly focused on “sick care,” rather than health promotion and ... Continue Reading »
Video: Peter Hearn: Navigating the Changing Nature of Risk – Opportunities and Reinsurance Support
Peter Hearn, CEO, Guy Carpenter, talks to Asia Insurance Review about the impact the changing risk landscape will have on the insurance industry – how the industry should respond to these changes – and how reinsurance can support these new opportunities. Reinsurance supports insurance carriers in many dimensions – it is a flexible capital tool, it supports growth, and it ... Continue Reading »
Guy Carpenter Releases the 2021 Western North Pacific Basin Tropical Cyclone Briefing
Guy Carpenter published the annual briefing on the 2021 Western North Pacific Basic Tropical Cyclone season. ... Continue Reading »
Guy Carpenter Launches Asia Pacific Catastrophe Advisory Group
Guy Carpenter announced the launch of its Asia Pacific Catastrophe Advisory Group, with the appointment of Jeremy Waite to lead this new operation. ... Continue Reading »
April Reinsurance Renewal Review
Here GC Capital Ideas brings together recent posts highlighting selected territories’ renewals. Japan: Prices increased in the range of 5 percent to 12 percent for loss-free programs covering catastrophe excess of loss windstorm, though there were outliers at either end of these ranges where specific factors applied. The average price for Japanese windstorm is now at a 25 ... Continue Reading »
April 2021 Reinsurance Renewals: Korea
Prior to the April 1 reinsurance renewals in Korea, expectations for pricing increases were quite high. While Korea had not experienced any impactful losses in recent years, a mid-sized typhoon, heavy rain losses and several large single losses occurred in 2020, influencing the pre-renewal expectations. However, capacity was more than sufficient and certain markets were ... Continue Reading »
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. ... Continue Reading »
