As companies depend more on technology to conduct business, they are also increasingly subject to technology’s unique vulnerabilities. These are wide-ranging and can include system or supply chain disruption or failures, distributed denial of service, hacking and ransomware attacks that may result in increased costs and lost revenue, according to Guy Carpenter colleagues S ... Continue Reading »
CARES Act Boosts Telehealth, Makes Other Health, Paid Leave Changes
As the costs stemming from COVID-19 continue to climb, reinsurers are collaborating with healthcare executives on how to mitigate the impacts of the virus on the sector. Virtual health care options are becoming increasingly commonplace, and the growing use of telemedicine and capacity constraints within our healthcare system will potentially dull utilization ... Continue Reading »
Florida Dodges Isaias, Anticipating Carolinas Hurricane Landfall Monday Night
The Isiais forecast calls for intensification back to category-1 strength today, making landfall in southern North Carolina tonight. Isaias will accelerate northeast into the I-95 corridor through Wednesday, with excessive inland rainfall and coastal storm surge of several feet through New England. ... Continue Reading »
Guy Carpenter Appoints Three New Members to Its Executive Committee
Guy Carpenter announced today that it has appointed three new members to its Executive Committee in line with its ongoing commitment to deliver differentiated value and experience to its clients. ... Continue Reading »
Putting Data-Based Insights at the Core of Your COVID-19 Strategy
All segments of the reinsurance business are being affected by current events, and it is critical that companies provide colleagues with the support needed to move forward with their day-to-day activities. Looking toward the remainder of 2020, as COVID-19 upends how businesses interact with technology, the reinsurance market sees a number of emerging trends that present both ... Continue Reading »
GC Capital Ideas Top Stories: July 2020
1. Diversity is Key to a Successful Business: To tackle gender and diversity issues, corporate commitment goes a long way. “Our goal is to have a workforce that is representative of the society that we live in. We look at ways to unlock the full potential of our workforce by creating an inclusive culture where all can thrive and grow. Recruiting, retaining and developing d ... Continue Reading »
Hurricane Isaias Hugs Florida & Southeast US Coast this Weekend
Isaias has likely reached peak intensity Saturday morning over the central Bahamas. Thereafter, Isaias will track very close to the Florida coastline through Sunday before moving inland in the Carolinas late Monday, likely as a tropical storm. Risk is lower today than yesterday for the US coastline. Bahamas: Most of the island country has seen tropical storm force winds ... Continue Reading »
Week’s Top Stories: July 25 – 31, 2020
Silent Cyber – No Longer Silent: Silent (or non-affirmative) cyber refers to cyber-related exposure within many all-risk general insurance products. If no explicit cyber exclusion applies, coverage for losses caused by cyber perils may apply. This underlying exposure’s potential for aggregated loss is currently one of the major issues being considered by the (re)insurance ind ... Continue Reading »
Hurricane Isaias threatens much of Eastern US Seaboard
Strengthening to a category-1 hurricane overnight, Isaias will bring strong winds and storm surge to much of the Bahamas today. Thereafter, risk has decreased for much of the Florida peninsula, while risk is increasing for hurricane impacts from the Carolinas through the Mid-Atlantic over the next five days. Key regional impacts from Isaias: Bamahas: category 1-2 ... Continue Reading »
Webinar: Insurance and Risk Management Strategies for COVID-19 and Beyond
Global commercial insurance and reinsurance pricing was already on the increase prior to the COVID-19 crisis, although strong capitalization in the reinsurance market saw more moderated increases compared to those in the primary market. Ultimately, the fundamentals of (re)insurance remain strong. There will nevertheless be winners and losers as the market adjusts to the ... Continue Reading »
