Environmental, social, and governance (ESG) issues are no longer treated as an afterthought by companies. These issues are increasingly central to a firm’s reputation and financial performance and are scrutinized by an array of stakeholders including investors, ratings agencies and clients. ... Continue Reading »
Building National Resilience: Centralized Ownership
As the 2020 risk landscape continues to shift and the COVID-19 pandemic remains active heading into hurricane season, Guy Carpenter is collaborating with governments and other public-sector entities to address these and other national risks. Guy Carpenter-assisted public-private partnerships have already been brought to market to help alleviate the financial burden placed on ... Continue Reading »
COVID-19 Makes Digital Care the Norm in China
The global COVID-19 pandemic has hit healthcare hard, considering the immense pressure for the sector to build up capacity, to protect its workforce, to coordinate across public response and policy, and to assure and serve the populace in many stages of worry or disease. As the government urged or mandated populations to stay at home and as hospitals turned away patients for ... Continue Reading »
Building National Resilience: Impact Analyses
The ongoing COVID-19 pandemic has illustrated how crucial it is for public sector entities to make use of the reinsurance industry's advisory capabilities when evaluating risks and their potential impacts. This is particularly important for governments seeking to draft contingency and response plans in the face of a crisis. Guy Carpenter is well positioned to work with ... Continue Reading »
Observe, Orient, Decide, Act: COVID-19 Pandemic Navigator Insights Series
The world is being flooded with data and models attempting to predict how the COVID-19 pandemic will impact healthcare systems and economies. Unfortunately, trying to create static point estimates — whether that is active cases, lockdowns, gross domestic product, recovery rates — is a fool’s errand at this point in time. This can be seen in the wild disparity in estimates from e ... Continue Reading »
CAT-i Report: Typhoon Vongfong (Ambo)
In the Northwest Pacific Basin, Typhoon Vongfong made landfall in the Philippines on May 14 around 12:15 PM local time (0415 UTC), in the municipality of San Policarpo, Eastern Samar Province. Just after moving inland, the typhoon carried 1-minute sustained winds of around 185 km/hr (115 mph), a category-3 on the Saffir-Simpson Scale according to the Joint Typhoon Warning ... 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 & McLennan, saw climate-related risks dominate the rankings in terms of both ... Continue Reading »
The Marsh & McLennan Advantage Podcast: Climate Resilience in Focus
According to Guy Carpenter-affiliate Marsh & McLennan's 2020 Global Risks Perception Survey, climate change and related environmental issues are now the top concerns for companies and governments alike. Extreme weather events are putting an increasing strain on government finances and driving a reevaluation of how catastrophic events are funded. In the context of the ... Continue Reading »
Week’s Top Stories: May 9 – May 15, 2020
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 »
Improving Liquidity During and After the Pandemic
Beyond its effect on people, the continuing COVID-19 pandemic has had severe effects on the U.S. and global economies. Maintaining liquidity can act as a bridge until economic activity improves, and a number of insurance and risk management strategies can enable that process. A new briefing from Guy Carpenter-affiliate Marsh considers the potential COVID-19-related liquidity ... Continue Reading »
