Week in Review

It’s Not the Best Time to Get Pandemic Risk Insurance. Here’s Why: The most timely opportunity to take action on pandemic risk insurance is not necessarily when a new virus is making international headlines. But the spread of the novel coronavirus (COVID-19) has compelled insurers and reinsurers to take a deeper look at their potential exposures, as warning signs flash that the ... Continue Reading »

Cyber Trends in 2019: Guy Carpenter recently published its Cyber Year in Brief and 2020 Outlook, which takes a look back at the prevailing cyber-related trends of 2019. Read the article >> Global Risks Report 2020 - Pressures on Health Systems: Gathering pressures are straining health systems on many fronts. The 2020 Global Risks Report, produced by the World ... Continue Reading »

CAT-i Bulletin - Tennessee Tornadoes: In the early hours of March 3, 2020, severe thunderstorms spawned multiple tornadoes in Middle Tennessee, including an EF-3 tornado affecting parts of Nashville and a stronger EF-4 tornado in Putnam County. Media reports indicate at least 24 fatalities statewide and extensive damage to property and infrastructure has been reported in ... Continue Reading »

Healthcare Providers’ Coronavirus Response: Following the Center for Disease Control’s (CDC) announcement that the United States should prepare for a major coronavirus outbreak, healthcare providers are planning and implementing their response. Events over the last several days have made it clear that the COVID-19 virus is present in the US and is spreading within some com ... Continue Reading »

Insurance-Linked Securities Market Outlook: The catastrophe bond market demonstrated critical resiliency during 2019 and delivered ample capacity at a time when it was most needed, according to Shiv Kumar, CEO of MMC Securities. Read the article >> Global Risks Report 2020 - Climate Realities: According to the 2020 Global Risks Report, produced by the World Economic ... Continue Reading »

January 1, 2020, Reinsurance Renewals - A Smooth Transition: The (re)insurance sector is undergoing a period of transition: views of risk are changing and risk appetites are responding accordingly. This shift has manifested itself more acutely in the primary market, as underperformance across multiple lines of business over several years has led to market hardening. This is ... Continue Reading »

Global Risks Report 2020 - Macroeconomic Risk Factors: During the last decade, moderate but stable growth has given way to what the International Monetary Fund (IMF) has called a “synchronized slowdown” — weakened growth among the world’s economies. Last year’s Global Risks Report, produced by the World Economic Forum (WEF) in partnership with Marsh & McLennan and Zurich Ins ... Continue Reading »

January 1, 2020, Reinsurance Renewals - Property Catastrophe: Pricing corrections in the property catastrophe reinsurance market over the last few years have been localized, and mitigated to some extent by sufficient levels of capacity. These traits, along with the fact that the mix of loss-affected and non-loss-affected business up for renewal at January 1 is more diverse than ... Continue Reading »

January 1, 2020 Reinsurance Renewals - Retrocession: Reinsurers have ceded increased levels of premium into the retrocession market in recent years by leveraging strong market competition brought by new capital inflows. However, the environment in the retrocession market was challenged at January 1, 2020, characterized by trapped capital, a lack of new capital and continued ... Continue Reading »

Global Risks Report 2020: The 15th edition of the Global Risks Report has been published by the World Economic Forum with support from Marsh & McLennan. Drawing on feedback from nearly 800 global experts who were asked to rank their concerns in terms of likelihood and impact, this year’s report highlights two core threads across the risks landscape: Intensifying c ... Continue Reading »