Guy Carpenter recently participated in a series of videos with The Insurer, in which experts from throughout Guy Carpenter opine on different aspects of the contemporary risk landscape. ... Continue Reading »
Top Stories
Why 2020 Has Made the Ever-Evolving Cyber Landscape Even More Dynamic
The insurability of systemic cyber risk will be one of the defining issues of the next decade for the (re)insurance sector. Rapid technological changes and digitalization in particular have already transformed the characteristics of risks assumed by the (re)insurance market. ... Continue Reading »
The Changing Nature of Risk
There is an old adage that “adversity builds character.” However, before adversity builds character, it reveals character, and the numerous catastrophes that have occurred over the last several years combined with the ongoing pandemic have clearly revealed the character of the insurance industry. ... Continue Reading »
Pandemic Poses a New Catastrophe Paradigm: Part I
This time last year, Guy Carpenter released a report titled The Changing Nature of Risk. The premise of the paper was based around the growing complexity of risk, and the opportunities and challenges confronting the (re)insurance sector as it navigates one of the most significant periods of change in recent times. Although written in the context of loss accumulation, the ... Continue Reading »
Guy Carpenter Addresses Changing Nature of Risk
The (re)insurance industry is navigating one of the most significant periods of change in recent times which is altering perceptions of risk across the sector. The impact of COVID-19, the first globally systemic insurance loss, has put pressure on a marketplace already addressing challenges on multiple fronts. During this period of transformational change, reinsurance continues ... Continue Reading »
Mid-Year 2020 Reinsurance Renewal: Guy Carpenter U.S. Property Catastrophe Rate-On-Line (ROL) Index
The U.S. property catastrophe Rate on Line (ROL) index for January through July renewals was up 12 percent year-on-year. Pricing pressures have built through the course of the year: The mid-year data point represents a larger increase than what was recorded at January 1. Wind and wildfire-exposed programs once again played a prominent role in driving the index higher, with ... Continue Reading »
David Priebe and James Nash Discuss Superregional Pandemic Solution Possibilities: Part One
In a recent interview with The Insurer, Guy Carpenter executives David Priebe, Chairman, and James Nash, International CEO, discuss the prospect of nation states coming together to provide a wider solution for cross-border threats like pandemics and cyber. David Priebe noted the circumstances in each nation state are quite different even though COVID-19 is affecting everyone ... Continue Reading »
June 1, 2020 Reinsurance Renewal: The Impact of COVID-19 on Florida Property Catastrophe Pricing
The June 1, 2020 renewal is the first genuine test of the reinsurance market since the COVID-19 outbreak prompted government-mandated lockdowns across the globe. The pandemic has compounded an already firming reinsurance environment, resulting in challenged placements and pronounced property catastrophe pricing increases, particularly in Florida. ... Continue Reading »
COVID-19 Perspectives Series: Q&A with David Priebe, Chairman, Guy Carpenter
Guy Carpenter Chairman David Priebe recently held a three part interview with The Insurer to share his thoughts on the myriad ongoing and potential impacts of the COVID-19 pandemic. ... Continue Reading »
Access to Private Capital Crucial to Governments’ Ability to Enhance Climate Resilience
Severe weather events and demographic challenges are putting an increasing strain on government finances, requiring a rethink of how catastrophic events are funded and a greater use of public-private partnerships to manage risk, according to Guy Carpenter. In a report released today – Protecting our Planet and the Public Purse – Guy Carpenter highlights how the risk lan ... Continue Reading »
