In this edition of the Insurance Uncovered podcast from the National Association of Mutual Insurance Companies (NAMIC), Guy Carpenter’s Scott Rubenstein, Managing Director, US Mutuals Segment, and Blake Berman, Managing Director, Strategic Advisory, join NAMIC President & CEO Neil Alldredge to discuss the collaboration between Guy Carpenter and NAMIC to measure the exposure ... Continue Reading »
Casualty
Balancing Act: Reinsurance Market to Balance Abundant Capital, Pricing Discipline
In this interview with The Insurer, Charles Whitmore, President, Global Accounts, Guy Carpenter, discusses how buyers can look forward to a healthy reinsurance market while carriers will be focusing on pricing priorities, and terms and conditions. ... Continue Reading »
(Re)insurance Industry Continues To Demonstrate Resilience in Challenging Market
The convergence of tangible and intangible challenges facing the (re)insurance industry is creating one of the most dynamic and potentially volatile environments in recent market history, yet (re)insurers continue to demonstrate their resilience through their ability to adapt and respond. This is according to panelists at a recent virtual media briefing, Moving Forward, hosted ... Continue Reading »
Chart: Surety Results Remain Relatively Stable Over Time
Surety industry underwriting results have remained relatively stable since 2005. Loss activity spiked in the early 2000s, leading to combined ratios ranging between 124 percent in 2001 and 117 percent in 2004 (see Figure 1). Factors contributing to the high combined ratios in the early 2000s included sharply increased competition in the surety sector in the late 1990s, higher ... Continue Reading »
Infrastructure: Heightened Cyber Threats Pose Risks for Owners, Operators
Technological innovation has provided a huge boon in operating efficiency and cost savings in the development and employment of assets. However, this comes at a price as increasingly sophisticated hackers can disrupt business and misuse customer information. Identifying new opportunities for collaboration and reimagining partnerships with stakeholders provide keys to mitigate ... Continue Reading »
Recessions Lead to Lessons in the Surety Market
Learning from recessionary periods over the past 20 years can help surety companies manage risk more effectively and take advantage of opportunities, despite economic uncertainties. Guy Carpenter’s recent briefing, With the Right Tools, Sureties Can Navigate Tough Economic Cycles, shows how recessions have shaped the industry and led to further technology breakthroughs to ... Continue Reading »
Infrastructure: Accelerating Impacts of Climate Change
Climate change is driving a range of physical, transition, and liability risks in infrastructure. Uncertainty surrounding the various paths to decarbonization challenges traditional business models and existing infrastructure investment approaches. Data analytics can guide the use of adaptation measures and the negotiation of innovative risk transfer solutions. Transparent ... Continue Reading »
Built to Last: Infrastructure and Trust in a Changing World
Marsh McLennan Advantage’s latest report, Built to Last: Infrastructure and Trust in a Changing World, examines the role of trust in the infrastructure ecosystem and elaborates on how private infrastructure owners and operators can build and maintain trust with stakeholders. The post-pandemic global economic recovery, the intensifying effects of climate change, and the ... Continue Reading »
The Future of InsurTech in DACH
What are the trends and developments in the InsurTech industry? Oliver Wyman’s report, The Future of InsurTech in DACH (DACH region), produced in partnership with Policen Direkt as part of their InsurTech Radar series, examines those changes and highlights the developments. Their analysis currently counts 149 active InsurTech start-ups in Germany, 16 in Austria, and 44 in ... Continue Reading »
With the Right Tools, Sureties Can Navigate Tough Economic Cycles
Guy Carpenter has released a new briefing: With the Right Tools, Sureties Can Navigate Tough Economic Cycles. Surety underwriting can be especially challenging during recessions and recovery periods. Data from the recent recession and others in the past offers insights into how surety writers can continue to achieve profitable growth into the future. Guy Carpenter’s ... Continue Reading »
