The Energy/Power (E/P) sector’s speed of digitalization is outpacing its building of cyber defense capabilities and adaptation of overall risk management strategies. In the report, Winning the Cyber Risk Challenge, Marsh & McLennan Advantage Insights analyzes the Marsh Microsoft 2019 Global Cyber Risk Perception Survey to explore the latest cyber trends in the transitioning ... Continue Reading »
Casualty
Reflections on the Coronavirus Outbreak
Neil Lloyd, Head of US Defined Contribution and Financial Wellness Research at Guy Carpenter-affiliate Mercer, spent the final two weeks of February in Asia and came back with some insights concerning the broader economic impacts of the coronavirus pandemic. Read the article >> Click here to register to receive e-mail updates >> ... Continue Reading »
It’s Not the Best Time to Get Pandemic Risk Insurance. Here’s Why
The most timely opportunity to take action on pandemic risk insurance is not necessarily when a new virus is making international headlines. ... Continue Reading »
Global Risks Report 2020: Pressures on Health Systems
Gathering pressures are straining health systems on many fronts. The 2020 Global Risks Report, produced by the World Economic Forum in partnership with Marsh & McLennan and Zurich Insurance Group, discusses long-standing challenges as well as the next generation of health pressures that health systems are now confronting. ... Continue Reading »
Cyber Trends in 2019
Guy Carpenter recently published its Cyber Year in Brief and 2020 Outlook, which takes a look back at the prevailing cyber-related trends of 2019. ... Continue Reading »
China’s E-grocery Booms As Consumer Diet Shifts During Epidemic
In a recent survey of Chinese consumers by Guy Carpenter-affiliate Oliver Wyman, eight out of 10 respondents said their food choices have changed during the COVID-19 outbreak, and half of them reported a substantial change. The consultancy also found in the survey that Chinese e-commerce players are the biggest winners. This is because 62 percent of the respondents said they ... Continue Reading »
The College Health Opportunity is Waiting
With almost 20 million students enrolled in a college or university in fall 2019, (1) the college medical insurance sector holds ample opportunity for agents and carriers. While these plans share some commonalities with employer-sponsored health plans, there are some subtleties to keep in mind before entering the market. ... Continue Reading »
What is Driving Cyber (Re)insurance Sales?
What is driving cyber insurance sales on the direct side? • The increased risk and associated high costs of regulatory actions have driven clients to purchase cyber insurance cover for the first time, or to reassess the adequacy of currently purchased limits. • Swelling regulatory pressure is driving cyber risk awareness at a governance level as well. The California Con ... Continue Reading »
Global Risks Report 2020: The Digital Frontier
Both sets of respondents to the Global Risks Perception Survey (a component of the 2020 Global Risks Report, presented by the World Economic Forum and Marsh & McLennan) — the multistakeholder community and the Global Shapers — identify cyber-related issues, such as cyberattacks and data fraud or theft, within the list of top 10 long-term risks. Indeed, while the growth of di ... Continue Reading »
The Paid Family (and Medical) Leave Revolution
The range of employee benefits in the U.S. private sector has looked largely the same for the last 50 years or more. There has been a migration from retirement pensions to 401(k) and 403(b) plans, but the core packages of medical insurance, dental insurance, life insurance and disability insurance have been at the forefront for a long time. Here is some information from the ... Continue Reading »
