Week in Review

Diversity is Key to a Successful Business: To tackle gender and diversity issues, corporate commitment goes a long way. Guy Carpenter has been at the forefront of this change, instituting policies that encourage, nurture, and ensure diversity in the workplace. Read the article >> Making Good Decisions in Bad Times - Critical Capabilities For Effective Liquidity ... Continue Reading »

How Ransomware Threats and Regulatory Pressures are Driving Cyber (Re)insurance Sales: What is motivating cyber (re)insurance sales? Guy Carpenter’s Cyber Year in Brief and 2020 Outlook explores how the threat of ransomware and associated high costs of regulatory actions have driven clients to purchase cyber insurance cover for the first time, or to reassess the adequacy of c ... Continue Reading »

June 1, 2020 Reinsurance Renewal - COVID-19 Looks Set to Rank Among the Sector’s Most Expensive Events: Although considerable uncertainty remains over its ultimate cost, COVID-19 looks set to rank among the sector’s most expensive events. The pandemic has the potential to bring unknown loss impacts. It is also likely to be one of the slowest developing catastrophes that car ... Continue Reading »

Hurricane Season - Elevated Storm Activity in the North Atlantic Basin: Current hurricane predictions indicate elevated storm activity in the North Atlantic basin. These include a forecast from The National Oceanic and Atmospheric Administration (NOAA) Climate Prediction Center of six to 10 hurricanes and three to six major hurricanes, compared to averages of six and two, ... 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 ... Continue Reading »

Financial Market Resilience - Three Waves of Action for Market Infrastructure Firms in the Aftermath of COVID-19: COVID-19 will play a crucial role in defining how financial market infrastructure evolves over the next decade. In a new report, Guy Carpenter-affiliate Oliver Wyman outlines three waves of management action to help navigate the challenges ahead. The report was ... Continue Reading »

COVID-19 - Current and Future Impacts on Medical Insurance: As we learn more about the COVID-19 virus, societal responses and vaccine development, our collective knowledge continues to develop. Throughout this time, Guy Carpenter is continually connecting with our clients and business associates to gather the key questions health insurers are asking along with the range of ... Continue Reading »

How Will Climate Catastrophes Be Handled in the Face of Coronavirus: A lot can change in three months. As the year got underway, climate change was widely viewed as the most serious threat to global prosperity. The annual risk perception survey of the 2020 Global Risks Report, published by the World Economic Forum in partnership with Guy Carpenter-affiliate Marsh & ... Continue Reading »

Guy Carpenter Launches Probabilistic Philippines Flood Model: Guy Carpenter recently announced the launch of its new Philippines Flood Model. The probabilistic model provides countrywide coverage and enables insurers to assess flood exposure, one of the most frequently occurring natural hazards in the region. Read the article >> How COVID-19 Strategies Can Help ... Continue Reading »

Estimating the Impact of COVID-19 on the U.S. Medical (Re)Insurance Market: As the COVID-19 situation is changing on a daily basis, the impact to the insurance and reinsurance markets is not yet fully known. However, given the significance of the developments, Guy Carpenter provides our view of how COVID-19 may impact the medical (re)insurance market. Read the article ... Continue Reading »