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 »
Asia Pacific 2019: Guy Carpenter Asia Pacific Rate-On-Line (ROL) Index Rose
The Guy Carpenter Asia Pacific Rate-On-Line (ROL) Index rose in 2019; this was the first time in nearly a decade that the index did not decline. Price increases were not uniform across the region, but were targeted toward cedents or even specific layers that suffered losses. Consequently, following Typhoon Jebi, which occurred in September 2018, price increases were significant ... Continue Reading »
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 since its inception in 2012, according to Dean M. Klisura, President, Gl ... Continue Reading »
How to Protect Data in an Age of Digital Seamlessness
The trend toward digital seamlessness is accelerating; industries from finance to health care are increasingly using seamless technologies to make it easier for consumers to use their products and services. More than four billion people now own a smartphone, with many using them to buy groceries, manage finances, book travel, arrange deliveries or receive health care, according ... Continue Reading »
Survey: Cyberattacks Are the Number One Risk to Doing Business in U.S. and Canada
Results from the World Economic Forum’s 2019 Executive Opinion Survey indicate that for business executives in both Canada and the United States, “cyberattacks” are once again – by a large margin – the number one risk to doing business. This is a top risk in Europe and East Asia and the Pacific as well, where it now ranks first and second, respectively. The persistence of this r ... Continue Reading »
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 »
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, according to Julian Alovisi, Head of Research and Publications, Guy Carpenter. The casualty market rarely gets ... Continue Reading »
Cyberattacks Are Top Concerns Among Business Leaders in the Largest EU Economies
Results from the World Economic Forum’s 2019 Executive Opinion Survey indicate that concerns about “cyberattacks” are top among business leaders in the four largest European Union (EU) economies: Germany, France, Italy and the United Kingdom; and rank first in another six countries across the continent. In late 2018 and throughout 2019, European countries have experienced cyber ... Continue Reading »
Guy Carpenter Announces Senior Appointments as it Further Strengthens Bermuda Platform
Guy Carpenter announced today the appointment of Robert Johnston as Chairman of Guy Carpenter’s Bermuda operations, and Peter Komposch as Head of Casualty and Specialty, Bermuda, with immediate effect. Mr. Johnston has nearly 20 years’ experience in Bermuda, most recently as President of Aon Reinsurance Solutions in Bermuda. He will report to John Trace, CEO of North Ame ... Continue Reading »
Chart: Significant Insured Losses – 2011 to Q3 2019
Chart exhibits the significant insured losses from 2011 through the third quarter of this year. Insured loss for the third quarter 2019 is approximately USD 17-19 billion. This quarter’s insured loss is mainly driven by two major events: Typhoon Faxai in Japan and Hurricane Dorian. ... Continue Reading »
