Ransomware has progressively become a loss trend across the cyber industry, with pricing strategies being recalibrated to account for this growing risk. Guy Carpenter is working closely with our clients to share updates on the threat landscape, deliver cyber industry insights, construct relevant modeling scenarios, and design reinsurance placements to protect these portfolios. ... Continue Reading »
Casualty
Artificial Intelligence Will Enable Personalized, Proactive and Smarter Care
Society is entering the age of artificial intelligence. Significant players in every industry are implementing narrow artificial intelligence (NAI) to improve their business processes. As a consequence, no element of the global insurance business model will be untouched. Most insurance product lines will need to be reengineered to reflect the new risks arising out of the ... Continue Reading »
Guy Carpenter Launches Suite of Climate Advisory and Modeling Services
Guy Carpenter announced the launch of a suite of climate advisory and modeling services, as companies look to develop and integrate robust climate change strategies into their overarching Environmental, Social and Governance (ESG) programs. ... Continue Reading »
Get Ready For the Post-Pandemic Health Care Talent Revolution
The adoption of remote work in the health care industry had trailed other industries. Now, as some health care companies begin bouncing back after going fully remote in response to the pandemic, they’re becoming more employee-centric regarding work location and improving employee experience, according to Jim Fields, Partner of Health and Life Services at Oliver Wyman, and ... Continue Reading »
Video: Dean Klisura, President, Guy Carpenter, On the Reinsurance Landscape
Guy Carpenter President, Dean Klisura, speaks with The Insurer on a wide-ranging set of topics that include the Changing Nature of Risk, the COVID-19 excess of loss claims arena, broker consolidation and race for talent, public-private structures for systemic cyber, future pandemic (re)insurance solutions and the insurance-linked securities renaissance. ... Continue Reading »
The Digital Frontier of Health Promotion and Prevention
The societal, operational and human costs associated with COVID-19 are prominent 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. Globally, healthcare has predominantly focused on “sick care,” rather than health promotion and ... Continue Reading »
Guy Carpenter Appoints Head of Motor and Associated Casualty for UK and Ireland
Guy Carpenter announced the appointment of Paul Gressier as Managing Director and Head of UK & Ireland Motor and Associated Casualty, effective August 9, 2021. ... Continue Reading »
Climate Health Threat Illustrator
Climate change is increasing health risks and costs for people and businesses worldwide — and its effects will intensify over time. Disease burden and disparities are likely to worsen, and two out of three major cities expect climate change to seriously compromise their public health assets and services. ... Continue Reading »
Narrow Artificial Intelligence Is Latest Disrupter to Insurance Industry
Society is entering the age of artificial intelligence. Significant players in every industry are implementing narrow artificial intelligence (NAI) to improve their business processes. As a consequence, no element of the global insurance business model will be untouched. Most insurance product lines will need to be reengineered to reflect the new risks arising out of the ... Continue Reading »
Guy Carpenter Appoints Head Actuary for U.K. Non-Specialty Division
Guy Carpenter announced the appointment of David Arthur as Head Actuary of its U.K. Non-Specialty business, which encompasses Global Casualty, Accident & Health, U.K. Property and U.K. Motor, effective October 2021. ... Continue Reading »
