The global outbreak of COVID-19 is a fast-evolving situation, with widespread ramifications across industries, including financial services. As the economic consequences of the outbreak unfold, the priority for corporate treasurers is to establish ongoing and clear communication with bank providers. Treasurers should remain in close contact with bank providers across a range of ... Continue Reading »
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GC Capital Ideas Top Stories: March 2020
1. CAT-i Bulletin - Tennessee Tornadoes: In the early hours of March 3, 2020, severe thunderstorms spawned multiple tornadoes in Middle Tennessee, including an EF-3 tornado affecting parts of Nashville and a stronger EF-4 tornado in Putnam County. Read the article >> 2. Access to Private Capital Crucial to Governments’ Ability to Enhance Climate Resilience: Severe w ... Continue Reading »
COVID-19 Is Officially a Pandemic. What Now?
With the World Health Organization (WHO) now calling COVID-19 a global pandemic, many businesses are wondering what it means for them. The answer: Not much, from a practical standpoint. But it’s a reminder that this global health crisis is significant — and that a proactive response is essential, according to Jeffrey Alpaugh, Managing Director, U.S. & Canada Growth & Ind ... Continue Reading »
The 2020 Global Risks for Infrastructure Map
The infrastructure sector today faces a complex landscape of global risks. The 2020 Global Risks Report (GRR), an annual report published by the World Economic Forum with support from Marsh & McLennan, warns of a chronically unsettled global landscape – one that businesses cannot expect will ‘snap back’ to its old normal. ... Continue Reading »
Navigating the Insurtech Market
Innovation has been a priority for many Life, Accident and Health insurance carriers. The need for innovation is driven by consumers demanding a more customer-centric experience. According to a 2019 study by J.D. Power (1), the overall customer satisfaction for providers of annuity products and life insurance providers is lower compared to most other insurance and financial ... Continue Reading »
Payers’ Moment of Truth is Here
With COVID-19 now officially a pandemic, the first step healthcare payers (and all employers) must take is trifold: ensure business resiliency, establish a crisis response structure, and secure employee safety. Payers will specifically be called on to continue leading the way in supporting the greater public health response, according to Chris Bernene, Partner in Health & ... Continue Reading »
How US Retailers Should Prepare To Weather The Pandemic
While many cities in Asia and portions of Europe have been locked-down, across much of the United States it’s business-as-usual in retail and stores remain busy (in many cases busier than usual). The difference may mainly be one of timing. ... Continue Reading »
Guy Carpenter and RiskGenius Announce Collaboration to Revolutionize Silent Cyber Analysis
Guy Carpenter announced today that it has entered into a strategic relationship with RiskGenius, to revolutionize the detection and qualitative analysis of silent cyber exposure across various lines of business. ... Continue Reading »
Guy Carpenter Appoints Global Head of Client Support Services
Guy Carpenter announced today that George Williams has been appointed as Managing Director, Global Head of Client Support Services, effective immediately. In this role, Mr. Williams will be responsible for setting the strategy for Guy Carpenter’s global client service organization with a focus on digital transformation and client engagement. ... Continue Reading »
COVID-19: Lessons From Asia And Italy
The new coronavirus 2019 (COVID-19) pandemic is fast moving, and predicting just how it will develop in any jurisdiction is nearly impossible. That said, the actions taken by governments and the response of financial-services firms in each geography have followed a similar path. Guy Carpenter-affiliate Oliver Wyman's teams in Asia and Italy opine here on if there are lessons ... Continue Reading »
