According to the World Health Organization, the Coronavirus outbreak has reached a decisive point. It now has “pandemic potential” and companies are understandably concerned about the spread of the virus and its effect on their business. ... Continue Reading »
Casualty
Healthcare Providers’ Coronavirus Response
Following the Center for Disease Control's (CDC) announcement that the United States should prepare for a major coronavirus outbreak, healthcare providers are planning and implementing their response. Events over the last several days have made it clear that the COVID-19 virus is present in the US and is spreading within some communities, according to Bruce Hamory, MD, Partner ... Continue Reading »
Global Risks Report 2020: The Slowing of Health Progress
Following over half a century of rapid improvements to medicine, public hygiene and healthcare infrastructure, progress is beginning to decelerate and lifespan disparities based on geography and socioeconomic status are growing. The 15th edition of the World Economic Forum’s Global Risks Report, created in partnership with Marsh & McLennan and Zurich Insurance Group, e ... Continue Reading »
GC Capital Ideas Enhances Access to Pandemic Insights
As interest in access to the latest insights on pandemic and the novel coronavirus (COVID-19) grows, GC Capital Ideas is adding a new feature to provide more direct access. You can click on the "Pandemic" hotspot on the banner atop GC Capital Ideas homepage, or click on the link below. Click here to access the new GCCI Pandemic Tab >> Additionally, here are some of ... Continue Reading »
GC Capital Ideas Top Stories: February 2020
1. January 1, 2020, Reinsurance Renewals - Property Catastrophe: Pricing corrections in the property catastrophe reinsurance market over the last few years have been localized, and mitigated to some extent by sufficient levels of capacity. These traits, along with the fact that the mix of loss-affected and non-loss-affected business up for renewal at January 1 is more diverse ... Continue Reading »
How to Put People First As the Coronavirus Outbreak Grows
The ongoing novel coronavirus (2019-nCoV) outbreak has dominated headlines and captured public attention over the last several weeks. And with good reason: Thousands of cases and hundreds of deaths from the virus have been confirmed globally, according to the World Health Organization, which has declared the outbreak a public emergency of international concern. ... Continue Reading »
Coronavirus Is Rupturing Global Supply Chains
The coronavirus (COVID-19) outbreak in China will harm the world’s gross domestic product growth since China accounts for 15.4% of global products and services produced. Approximately 500 manufacturing facilities are located in Wuhan, the epicenter of the outbreak, where quarantines are forcing plants to shut down or slow down. Many firms are issuing earnings warnings, and m ... Continue Reading »
The Impact of the Coronavirus on Business
Pandemics top national risk-management frameworks in many countries. For example, pandemic influenza tops the natural hazards matrix of the UK National Risk Register, and emerging infectious diseases are tagged as of considerable concern. Seen as a medical problem, each outbreak of a potentially dangerous infection prompts authorities to ask a rational set of questions and dust ... Continue Reading »
2020 AFP Risk Survey: Cybersecurity Continues to Dominate Risk Landscape
While cyber risk flew under the radar 10 years ago, today it’s a top concern. In a survey of nearly 365 treasury and financial professionals, 53 percent of respondents reported that cybersecurity risk is currently the most challenging risk to manage, and the majority believe it will continue to be for the next three years. ... Continue Reading »
Global Risks Report 2020: Climate Realities
According to the 2020 Global Risks Report, produced by the World Economic Forum in partnership with Marsh & McLennan and Zurich Insurance Group, the near-term consequences of climate change add up to a “planetary emergency”. (1) Implications are catastrophic, wide-ranging and intersecting. Worse still, the complexity of the climate system means that some impacts are still un ... Continue Reading »
