Here we highlight the most popular stories on cyber that appeared in 2020 on GC Capital Ideas. ... Continue Reading »
Casualty
Rate Change Dynamics Heading into 2021
Lara Mowery, Global Head of Distribution at Guy Carpenter, highlights how renewal discussions are focusing on the offsetting trends of underlying rate changes on casualty business and loss activity that has occurred in the past. ... Continue Reading »
Key Cyber Risk Concerns and Claims Trends
The similarities between a pandemic and a cyber attack should have all insurers reconsidering their stress scenarios. Key cyber risk concerns can be divided broadly into three categories, those related to silent cyber (non-cyber insurance policies that are liable for a cyber loss), claims trends and the effects of COVID-19. ... Continue Reading »
GC Capital Ideas Top Healthcare Insights of 2020
Here we highlight the top stories of 2020 that GC Capital Ideas has presented on managing risks associated with healthcare. ... Continue Reading »
Marsh & McLennan and The World Economic Forum Present The Global Risks Report 2021
The 16th edition of the Global Risks Report, published by the World Economic Forum with support from Marsh & McLennan, highlights the disruptive implications of major risks, including the COVID-19 pandemic, that may reshape our world in 2021 and over the next decade. ... Continue Reading »
Casualty Sector at January 1, 2021 Renewals
Casualty renewals for the January 1, 2021 period varied widely, depending on individual circumstances including loss experience, covered lines and industry classes written. Every placement experienced some degree of continued reinsurance underwriting rigor around stress factors broadly encompassed by social inflation, the low interest rate environment and communicable disease. ... Continue Reading »
Captive Managers – A Light in the Darkness
In an interview with Captive International, Rob Collins, Managing Director and North American Sales Leader, Guy Carpenter, discussed captives and the importance of working alongside trusted partners amid the increasing opportunities provided by new technologies. ... Continue Reading »
Chart: Strong Growth in Cyber Premium Volume
The following chart, generated from A.M. Best data and research, shows the strong growth in premium volume for the property and casualty (P&C) industry cyber security segment. ... Continue Reading »
Rate Movements Moderated by Availability of Capacity as Negotiations Center on Pricing and Terms at January 1, 2021 Renewals
Price increases at the January 1, 2021 reinsurance renewals were moderated compared to initial expectations by abundant capital levels and an increased willingness on the part of reinsurers to deploy capacity in several sectors, according to Guy Carpenter. ... Continue Reading »
GC Capital Ideas Top Stories: December 2020
1. COVID-19 Losses and Business Interruption – Leading Up to January 2021 Reinsurance Renewals: With regard to direct COVID-19 losses, many market commentators are revising their initial loss estimates downward, particularly in the domain of property business interruption (BI). Based on third-quarter earnings announcements to date, reported losses for COVID-19 reached just over ... Continue Reading »
