Guy Carpenter hosted the Reinsurance Symposium in Baden-Baden on October 20, 2019. The eleventh year that Guy Carpenter has hosted the event, the Symposium posed the question: “Is the (re)insurance sector ready for Industry 4.0?” ... Continue Reading »
Board Room
Regional Risks for Doing Business
With heightened economic uncertainty and increasingly decentralized threats, regional understanding of risks – and the opportunity for cooperation – is critical. Results from the World Economic Forum’s 2019 Executive Opinion Survey suggest that the threat of a major economic slowdown is high on the minds of business leaders worldwide, with growing apprehension about a wide ra ... Continue Reading »
Global Climate Regulation Looms on the Horizon. Are Banks and Insurers Ready?
Many of the world’s leading banks and insurers are busy finalizing their response plans to the Bank of England’s innocuous-sounding supervisory statement number SS3/19. It sets out the regulator’s expectations for how banks and insurers should manage the financial risks of climate change, including modification of governance and risk management frameworks, development of scena ... Continue Reading »
Digitizing Risk: Don’t Give the Robots Free Rein Just Yet
Before giving artificial intelligence and machine learning free rein, financial firms must ensure that the decisions these programs make do not result in new risks and expensive regulatory breaches. The risk and compliance standards put in place after the financial crisis are not going away. But what if financial institutions could turn the situation into a competitive ... Continue Reading »
Managing Employees Amidst Digital Transformations
While the digital revolution is already underway in most organizations, it is yet to have the kind of impact, positive or negative, that many predicted. As such, most organizations have not yet adopted any design or implementation strategies that would truly leverage the digital revolution by increasing productivity and work outcomes, according to Wolfram Hedrich, Executive ... Continue Reading »
Amidst Global Growth, Medical Trends Lift Insurance Costs
Medical trends continue to outpace inflation by almost three times — the average global medical trend rate for 2018 was 9.7 percent, with a similar increase expected for 2019 and an even higher rate for 2020. ... Continue Reading »
United Kingdom Will Face Labor Shortages in a Post-Brexit World
Profound demographic shifts are shrinking the global supply of workers with surprising speed. Post-Brexit, a points or quota system seems likely to control migration to the United Kingdom. Coupled with the demographic changes, this could create significant challenges for the U.K. labor force. The peak migration demographic of 20- to 34-year-olds has been falling within the ... Continue Reading »
Governing Digital Transformation and Emerging Technologies
This joint report from the National Association of Corporate Directors (NACD) and Marsh & McLennan Insights, offers a new roadmap for successful corporate governance in the digital age. It draws from primary research conducted through interviews with company directors as well as a survey of 200 NACD members. ... Continue Reading »
Managing the New Risks From Emerging Technologies
The same technological developments and tools that are enabling organizations to transform and advance are also introducing their own set of potential threats. ... Continue Reading »
To Lead through Disruption, Tech Firms Reinvent HR in the Innovation Era
Sheela Sukumaran, Partner, Mercer’s Multinational Client Group Contact Disruptive innovation has become the new normal. For today’s technology organizations that define and deliver disruption, it’s important to create workplaces that inspire, enable and drive innovation — all while serving as talent magnets. With competition for highly skilled talent at an all-time high, t ... Continue Reading »
