The first step for stakeholders looking to build resilience in their region is to gain a holistic sense of the risk environment, its complexities and the way in which global and local risks intersect with one another. ... Continue Reading »
Casualty
The Energy Sector’s Carbon Emissions Are Rising, Not Falling. Can COP25 Turn it Around?
This year’s U.N. Climate Change Summit, known as COP25, opened last Monday (December 2nd) in Madrid against a backdrop of mounting urgency. In the last 12 months, the U.N.’s climate science body, the Intergovernmental Panel on Climate Change (IPCC), has issued two special reports raising stark warnings of the risks climate change poses to food security and the oceans. ... Continue Reading »
Guy Carpenter to Enhance Offering for US Public Entity Clients
Guy Carpenter announced that the US business of affiliate Victor, the world’s largest managing general underwriter, will offer Guy Carpenter clients who are members of US public entity insurance pools a wide range of property and casualty insurance solutions not traditionally offered by the pools. ... Continue Reading »
Review of Cyber Risk on GC Capital Ideas
Here we showcase the recent stories that GC Capital Ideas has presented on cyber risks. Particular topics of focus include how to protect data as digital systems become increasingly seamless across platforms, and the views business leaders across the US, Canada and Europe hold on the threat cyberattacks pose. ... Continue Reading »
Guy Carpenter Market Pulse: Employee Stop Loss (ESL) Survey Results
The Guy Carpenter ESL survey focused on various issues, including market sizing, outsourcing of various functions, employee count and more. Our survey gathered responses from top providers in the U.S. market, representing various sizes, segments and distribution sources. ... Continue Reading »
GC Capital Ideas Top Stories: November 2019
1. Emerging From the Shadows; Casualty: Casualty (re)insurance is often overshadowed by developments in property lines. As the last two years have shown, the human impact and devastating damage caused by catastrophes such as hurricanes, typhoons, wildfires and earthquakes tend to dominate the headlines. Read the article >> 2. 2019 Asia Pacific Catastrophe ... Continue Reading »
The Captive Business Strategy: Employee Medical and Other Heath Care Risks
Medical systems have historically been the quickest to adopt captives to control their employee healthcare costs. From regional hospitals with a single plan, to large hospital systems with multiple plans, the systems have found that a captive-based structure used at the parent level enables a more efficient purchase with uniform protection across plans. Instead of numerous ... Continue Reading »
APCIA: GC@APCIA Commentary Roundup
Here we highlight the most popular stories among our GC@APCIA series, which featured our review of critical issues shaping the reinsurance industry. These were the focus of discussions at the recent APCIA Annual Meeting, which was hosted by Guy Carpenter. ... Continue Reading »
Shipping’s Uncertain Voyage to Zero Carbon
The global marine industry is increasingly focused on reducing its carbon footprint. In fact, over the next 10 years, the only issue seen as having a greater impact is a potential global financial crisis, according to findings from the Global Maritime Issues Monitor 2019, compiled by the Global Maritime Forum in partnership with the International Union of Marine Insurance and ... Continue Reading »
Global Insurance Prices Have Increased Every Quarter for Two Years
Global commercial insurance prices rose by 8 percent in the third quarter of 2019. All three major product lines — property, casualty, and financial and professional — showed increases, with the third quarter of 2019 marking the eighth straight quarter of increases in the Marsh Global Insurance Market Index since its inception in 2012, according to Dean M. Klisura, President, Gl ... Continue Reading »
