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 »
Casualty
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 »
Video: Guy Carpenter’s Will Garland Discusses Mid-Year Renewals
In this episode of The Insurer TV’s Prospective, Will Garland, Guy Carpenter’s President, Centers of Excellence, North America, talks about the impact on mid-year renewals of climate change, social inflation, ongoing claims development, and softening and stabilization of the catastrophe claims environment. ... Continue Reading »
Week’s Top Stories: August 7–13, 2021
2021 Global Large Loss Activity/COVID-19 Losses: Hailstorms, heavy rains and tornadoes in parts of France, Belgium, the Netherlands, Switzerland, Germany, the Czech Republic and elsewhere in Europe (between June 21 and July 1) could increase the insured loss estimate by over USD 2.5 billion. Read the article » 2021 Mid-Year Reinsurance Renewal: A year after the onset of ... Continue Reading »
2021 Mid-Year Reinsurance Renewal
A year after the onset of COVID-19 disrupted reinsurance renewals, market stabilization and ample capacity in most lines and regions resulted in balanced mid-year 2021 outcomes. However, market stressors driving shifts in recent loss activity and evolving risk quantification created firmer market conditions in some segments. The first six months of 2021 were marked with ... Continue Reading »
Workers Compensation Insights for Remote Work
The health threat of COVID-19 is fading in the United States, but the pandemic will likely drive lasting change, including in how we work. Employers need to be ready to manage associated risks, including the prospect of compensable injuries occurring in employees’ homes. ... Continue Reading »
Growing Cyber Threat Demands a United Response
Until July 2, many cybersecurity experts knew little about Kaseya, a privately owned provider of IT management software services. That is the scariest thing about the hack of one of the firm’s software packages, which enabled thieves to encrypt the data of as many as 1,500 companies and demand USD 70 million in ransom to date. ... Continue Reading »
