Global Insurance Prices Have Increased Every Quarter for Two Years: Global commercial insurance prices rose by 8 percent in the third quarter of 2019. All three major product lines — property, casualty, and financial and professional — showed increases, with the third quarter of 2019 marking the eighth straight quarter of increases in the Marsh Global Insurance Market Index sin ... Continue Reading »
Week in Review
Week’s Top Stories: November 9 – 15, 2019
Emerging From the Shadows: Casualty: Casualty (re)insurance is often overshadowed by developments in property lines. As the last two years have shown, the human impact and devastating damage caused by catastrophes such as hurricanes, typhoons, wildfires and earthquakes tend to dominate the headlines. Read the article >> Baden Baden: GC@BB Commentary Roundup: Here we ... Continue Reading »
Week’s Top Stories: November 2 – 8, 2019
2019 Asia Pacific Catastrophe Reinsurance Report: Guy Carpenter has released its 2019 Asia Pacific Catastrophe Reinsurance Report. The report reviews property catastrophe cover trends; market conditions, including losses and pricing; and catastrophe events in each of the major Asia Pacific countries during 2019. Read the article >> The Burning Issue: Managing ... Continue Reading »
Week’s Top Stories: October 26 – November 1, 2019
Modeling Insights: Here we review recent GC Capital Ideas posts covering insights on modeling. Read the article >> Environmental Risks Are the Leading Concerns for Doing Business Across East Asia and the Pacific: Results from the World Economic Forum’s 2019 Executive Opinion Survey indicate that environmental risks are the leading concerns for doing business across E ... Continue Reading »
Week’s Top Stories: October 19 – 25, 2019
CAT-i Bulletin: Recent Tornado Activity – Southern Plains: A severe thunderstorm outbreak affected portions of the Southern Plains and Central Mississippi Valley from the evening of October 20th through the morning of October 21st. Read the article >> Carriers Must Carve Out Distinctive Strategies to Maximize their Potential for Success: Guy Carpenter has completed i ... Continue Reading »
Week’s Top Stories: October 12 – 18, 2019
CAT-i Bulletin: Super Typhoon Hagibis: Typhoon Hagibis made landfall in Japan as a category-2 on the Izu Peninsula in the Shizuoka Prefecture on October 12 around 7 PM local time. Large stretches of the country were hit by strong winds and torrential rainfall, and the Japan Meteorological Agency issued warnings and advisories affecting all prefectures in the Honshū, Kyushu, ... Continue Reading »
Week’s Top Stories: October 5 – 11, 2019
Chart: Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2019. View the chart >> Weather Sentinel: Super Typhoon Hagibis Closes in on Japan: Hagabis, a Category 5 Super Typhoon for much of the first half of this week, is forecast to track towards Japan with a potential landfall ... Continue Reading »
Week’s Top Stories: September 28 – October 4, 2019
Global Climate Regulation Looms on the Horizon. Are Banks and Insurers Ready? Many of the world’s leading banks and insurers are busy finalizing their response plans to the Bank of England’s innocuous-sounding supervisory statement number SS3/19. It sets out the regulator’s expectations for how banks and insurers should manage the financial risks of climate change, including mod ... Continue Reading »
Week’s Top Stories: September 21 – 27, 2019
CAT-i Bulletin: Hurricane Lorena: In the East Pacific Basin, Hurricane Lorena affected the Pacific Coast of Mexico south of Puerto Vallarta before approaching the Baja California Peninsula as a category-1 hurricane over the weekend. Initial media reports indicate some flooded homes and roadways along with some property damage due to wind for affected areas. Read the article ... Continue Reading »
Week’s Top Stories: September 14 – 20, 2019
Monte Carlo: GC@MC Commentary Roundup: Here we highlight the most popular stories among last week’s GC@MC series, which featured our review of critical issues shaping the reinsurance industry that were the focus of discussions at the Rendez-Vous de Septembre. Read the roundup >> Escalating Tropical Activity – Bermuda, Mexico, Texas, Caribbean: Several tropical sto ... Continue Reading »
