Guy Carpenter is actively developing and refining our view of how COVID-19 may impact the health and medical (re)insurance markets. The COVID-19 pandemic is evolving quickly, with dramatic increases in cases and deaths across the vast majority of markets. Governments around the world are applying increasingly stringent contingency measures in an attempt to manage the ... Continue Reading »
Casualty
What a New Member Mix Means for Payers
As Guy Carpenter helps clients, the societal, operational and human costs associated with COVID-19 are primary in our thoughts, discussions and efforts. While these costs are undoubtedly high, health insurers and reinsurers are also closely monitoring the direct and indirect financial impact of the virus, including the potential ramifications of growing ... Continue Reading »
The Potential New Normal in Insurance Products
As Guy Carpenter helps clients, the societal, operational and human costs associated with COVID-19 are primary in our thoughts, discussions and efforts. While these costs are undoubtedly high, health insurers and reinsurers are also closely monitoring the direct and indirect financial impact of the virus. The growing use of telemedicine and capacity constraints within our ... Continue Reading »
Loss Reserve Protection Covers: Amid an Unprecedented Confluence of Headwinds, Solutions for Achieving Capital Optimization
The COVID-19 pandemic clearly presents significant challenges to insurers, but it is also becoming increasingly clear that (re)insurers are likely entering a far more favorable underwriting environment. After years of relative stability brought about by strong capitalization, the landscape for the sector has undeniably changed, with pressure on the asset side of balance sheets ... Continue Reading »
Review of Asia Pacific Insights on GC Capital Ideas
Here we present a recap of recent stories from GC Capital Ideas focusing on the healthcare industry and public sector responses to the COVID-19 pandemic in the Asia-Pacific region. ... Continue Reading »
Healthcare 2030: Four Economic Scenarios
Looking back on how the healthcare industry has progressed over the last two decades, U.S. healthcare now comprises 18 percent of total gross domestic product, up 13 percent from twenty years ago. The composition of that spending has remained (remarkably) stable since 1960, with 38 percent to hospitals, 23 percent to physician services, and 12 percent to prescription drugs. ... Continue Reading »
Liability Insurance Shoots Up in First Quarter of 2020
Global commercial insurance prices increased 14 percent, on average, in the first quarter of 2020. All three major product lines — property, casualty and financial and professional — showed increases in the first quarter, according to Dean M. Klisura, President of Global Placement and Advisory Services at Guy Carpenter-affiliate Marsh. ... Continue Reading »
Guy Carpenter Enters Exclusive Strategic Agreement with Synthetik to Enhance Terrorism Modeling Capabilities
Guy Carpenter announced today that it has entered into an exclusive multi-year agreement with Synthetik to further enhance its proprietary terrorism modeling product, Sunstone®. ... Continue Reading »
COVID-19’s Economic Impact for Health Systems
COVID-19’s financial toll is beginning to reveal itself. Many health systems are seeing revenues slashed in half and supply costs surging. There’s uncertainty about when and how quickly service volumes will return. Health systems and the provider community will especially be impacted economically and financially for years to come. ... Continue Reading »
GC Capital Ideas Top Stories: May 2020
1. COVID-19 Makes Digital Care the Norm in China: The global COVID-19 pandemic has hit healthcare hard, considering the immense pressure for the sector to build up capacity, to protect its workforce, to coordinate across public response and policy and to assure and serve the populace in many stages of worry or disease. As the government urged or mandated populations to stay at ... Continue Reading »
