While the new disruptive InsurTech companies were initially written off by carriers, citing woefully unprofitable combined ratios, they are trending positively and could soon see underwriting profits. Most recently, given the thousands of companies who have entered the market in the last five years, the focus is on partnerships in various forms. Incumbents are utilizing ... Continue Reading »
Board Room
How Boards Can Take the Long View During COVID-19
The societal, operational and human costs associated with COVID-19 are prominent in our thoughts, discussions and efforts, including Guy Carpenter's work with clients. While these costs are undoubtedly high, health insurers and reinsurers are also closely monitoring the direct and indirect financial impact of the virus. The growing use of telemedicine and capacity constraints ... Continue Reading »
Financial Market Resilience: Three Waves of Action for Market Infrastructure Firms in the Aftermath of COVID-19
COVID-19 will play a crucial role in defining how financial market infrastructure evolves over the next decade. In a new report, Guy Carpenter-affiliate Oliver Wyman outlines three waves of management action to help navigate the challenges ahead. The report was written by Oliver Wyman Partners Hiten Patel, Daniela Peterhoff, Michael Wagner and Tobias Wuergler and Principal ... Continue Reading »
Webinar: Cyber Risk in the COVID-19 Pandemic
Marsh & McLennan hosted a recent webinar where cyber experts from affiliates Guy Carpenter, Oliver Wyman and Marsh discussed the impacts of COVID-19 on the cyber threat landscape. The webinar, hosted by Siobhan O'Brien, Head of Guy Carpenter's International Cyber Center of Excellence, delves into how to manage through the immediate crisis, how to evaluate cyber risk and ... Continue Reading »
Environmental, Social and Governance (ESG) as a Workforce Strategy: Engaging Today’s Employees and Attracting Tomorrow’s Talent
Environmental, social, and governance (ESG) issues are no longer treated as an afterthought by companies. These issues are increasingly central to a firm’s reputation and financial performance and are scrutinized by an array of stakeholders including investors, ratings agencies and clients. ... Continue Reading »
Four Key Policy Tools For Economic Recovery
The corporate sector in many countries had already operated with high levels of debt, which the pandemic will exacerbate by adding further debt and reducing cash flows, according to Douglas J. Elliott, Partner, Financial Services at Oliver Wyman. Oliver Wyman is an affiliate of Guy Carpenter. Similarly, virtually all governments are adding substantially to their debt levels ... Continue Reading »
How COVID-19 Strategies Can Help Fight Climate Change
After months in 2019 of record-breaking wildfires, heatwaves and slow-moving tropical megastorms, 2020 might have been a year when the international community was ready to make serious strides in the fight against the Earth’s rising temperatures. Instead, we are facing a virulent coronavirus pandemic that has shut down most economic activity worldwide and sidelined the issue of ... Continue Reading »
Navigating the Pandemic in the Boardroom
The scope, speed, depth, and indeterminate timing of the current economic free-fall, combined with the daunting personal and societal implications of the COVID pandemic, will be a defining crucible moment for most companies: many will not survive the crisis, some will emerge severely weakened, and those that weather the storm will stand as beacons on the battered landscape of ... Continue Reading »
Compliance and COVID-19: Moving to a New Normal
COVID-19 has created unprecedented business and regulatory disruption in a condensed period. There are massive changes to how financial institutions operate and what regulators and supervisors expect, in addition to significant economic impacts on society, businesses and individuals, according to Oliver Wyman Financial Services Partners Elena Belov, Tammi Ling and Allen Meyer, ... Continue Reading »
COVID-19 Perspectives Series: Q&A with David Priebe, Chairman, Guy Carpenter
Guy Carpenter Chairman David Priebe recently held a three part interview with The Insurer to share his thoughts on the myriad ongoing and potential impacts of the COVID-19 pandemic. ... Continue Reading »
