Traditionally, healthcare reinsurers offered a robust model to customers, with additional services including claims analysis, access to vendor contracts in high-cost, specialty areas like organ transplant or dialysis, nurse hotlines, pre-natal teams and general expertise on "who to call" regarding specific claimant issues. Low loss ratios — around 65-75 percent — and high lev ... Continue Reading »
Review of Silent Cyber Coverage on GC Capital Ideas
Here we present the recent stories that GC Capital Ideas has presented on silent cyber, also known as unintended or non-affirmative coverage, the unknown or unquantified exposures stemming from cyber perils that may be triggered within traditional property and liability insurance policies. ... Continue Reading »
Why Aviation Needs to Address Its Emissions Problem Now
Today, aviation as an industry contributes a relatively small percentage of global carbon emissions, thanks in large part to 50 years of efforts by aerospace and aviation to increase aircraft energy efficiency. Since the 1960s, aerospace manufacturers have pushed the envelope to reduce aircrafts’ fuel consumption, and those efforts continue today with unprecedented turnover to m ... Continue Reading »
Week’s Top Stories: January 4 – January 10, 2020
January 1, 2020 Reinsurance Renewals Reflect Asymmetrical Market: Reinsurance renewals at January 1, 2020 were shaped by deteriorating loss experience, a lack of new capital inflows and increasingly challenged environments in the primary insurance and retrocession markets, according to Guy Carpenter. Read the article >> CAT-i Report - Australia Bushfires: Bushfire ... Continue Reading »
Chart: Global Property Catastrophe ROL Index
The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2020. ... Continue Reading »
CAT-i Report: Australia Bushfires – January 8, 2020
Bushfire activity in the last few months has rendered significant impacts to portions of Australia, and especially so in recent weeks with severe impacts reported in New South Wales. The bushfire activity has caused devastating impacts to human life, property, infrastructure, and wildlife. Extreme fire weather conditions across the country together with record heat and drought ... Continue Reading »
GC Capital Ideas: Top Stories in 2019
GC Capital Ideas takes a look back at the top stories of 2019. 1. Affirmative versus Silent Cyber - An Overview: While the current debate over “affirmative” versus “non-affirmative” coverage has been ongoing for a few years, WannaCry and Petya/NotPetya cyberattacks helped make the issue of ”silent cyber” more critical. These two 2017 cyberattacks effectively shifted the conv ... Continue Reading »
CAT-i Report: M6.4 Earthquake Offshore Southwest Puerto Rico
Southern Puerto Rico was affected by a Mw 6.4 earthquake early on January 7, 2020, after experiencing a Mw5.8 earthquake the day before. Since late December, the region had been shaken by more than 200 M4+ earthquakes. The North American and Caribbean tectonic plates converge along the southwest and west of Puerto Rico, and this was the source of the recent stronger shaking ... Continue Reading »
Weather Sentinel: How can we improve? Take our survey
The Guy Carpenter Weather Sentinel issues time-sensitive updates on important meteorological events worldwide that have the potential to impact the insurance industry. We respectfully request a few minutes of your time for a quick survey to give us more insight on how we can improve the real-time natural catastrophe communications. ... Continue Reading »
GC Capital Ideas Top Stories: Fourth Quarter, 2019
1. 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 »
