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 »
Asia Pacific
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 »
Guy Carpenter Launches Asia Pacific Capital Advisory Group
Guy Carpenter announced the launch of its Capital Advisory Group in Asia Pacific, with the appointments of Michael Owen and Hussain Ahmad to lead this new operation. The capital pressures that insurance companies face due to evolving market dynamics, regulatory developments and shareholders’ return expectations require sustainable, efficient and targeted solutions. The new ... Continue Reading »
Guy Carpenter Appoints Head of Japan
Guy Carpenter today announced the appointment of Pietro Toffanello as Head of Japan in the first quarter of 2021. ... Continue Reading »
Guy Carpenter Launches Probabilistic Vietnam Flood Model
Guy Carpenter today announced the launch of its new Vietnam Flood Model. The fully probabilistic model provides countrywide coverage and enables insurers to assess their exposure to floods, which affect 70 percent of the country’s population. ... Continue Reading »
Political Risk Map 2020: Mid-Year Update for Asia-Pacific
Terrorism, political violence and other malicious acts differ from other insurable perils in that they are dynamic and adaptive; there is human intent driving the probability and willing the impacts to change. Historic incidents show past trends, but those are only partial drivers of future trends as terrorists adapt their tactics in response to past effectiveness and current ... Continue Reading »
