Lloyd’s, in partnership with Guy Carpenter and cyber analytics specialist CyberCube, has launched a new report, The Emerging Cyber Threat to Industrial Control Systems, which provides an original analysis of potential cyber-attack pathways to an industrial target. As cyber threats continue to evolve and become more sophisticated, it is crucial for insurers to understand the ... Continue Reading »
Outlook for the “Pandemial” Generation: 2021 Global Risks Report
Young adults (ages 15–24) around the world are experiencing their second major global crisis within a decade: (1) they entered youth in the throes of the financial crisis, (2) and are now exiting at the outset of a pandemic not seen in generations. They will face serious challenges to their education, economic prospects and mental health. The outlook for this generation had ... Continue Reading »
Reinsurance Implications of the United Kingdom’s Business Interruption Test Case
Authors: David Priebe, Chairman, Guy Carpenter, Lara Mowery, Global Head of Distribution, Guy Carpenter and Michael Sevi, General Counsel and Chief Compliance Officer, Guy Carpenter. On January 15, 2021, the UK Supreme Court issued its widely anticipated decision in the Financial Conduct Authority’s business interruption (BI) test case. The FCA brought the test case to r ... Continue Reading »
CAT-i Bulletin: Mw 7.1 Fukushima Earthquake, Japan February 13
The Fukushima Mw 7.1 earthquake occurred at 23:07 local time (14:07 UTC), on Saturday February 13. The United States Geological Survey (USGS) reported the epicenter to be 96.6 km southeast of Sendai, Japan at a depth 49.9 km. The Japan Meteorological Agency (JMA) reported this event to be Mj 7.3, at a depth of 55 km. Multiple aftershocks occurred within less than an hour, and ... Continue Reading »
Week’s Top Stories: February 13 – 19, 2021
Chart: Guy Carpenter Global Property Catastrophe Rate-On-Line (ROL) Index – 1990 to 2021: The Guy Carpenter Global Property Catastrophe ROL index was up 4.5 percent year on year, at January 1. The index is a measure of the change in dollars paid for coverage on a consistent program basis and reflects the pricing impact of a growing (or shrinking) exposure base, evolving methods ... Continue Reading »
Community-Based Catastrophe Insurance: Role of Modeling
To determine needs and design of an effective Community-Based Catastrophe Insurance (CBCI) program, data and modeling are needed to quantify the risks at a fine degree of spatial resolution. This may be provided by private modeling firms, academics, reinsurance brokers or others with the relevant expertise. Such modeling would look at the full range of possible disaster events ... Continue Reading »
Video: Heightened Volatility and Prolonged Uncertainty To Drive Reinsurance Demand in 2021
David Priebe, Chairman, Guy Carpenter, highlights how, while the industry is facing a range of new risks in 2021, it is presented with new opportunities. ... Continue Reading »
Climate Change Impacts Cannot Be Ignored: Global Risks Report 2021
Environmental concerns gained traction among risks identified by businesses surveyed in the World Economic Forum’s (WEFs) Executive Opinion Survey, which informs the 2021 Global Risks Report, published by the WEF with support from Marsh & McLennan. Four of five environmental risks featured in the top 20 global rankings for the first time. This trend is particularly p ... Continue Reading »
GC Capital Ideas Tip: Receive Curated Highlights of GC Capital Ideas Insights in Your In-box
Guy Carpenter recently announced the debut of a new newsletter, Recent Highlights from GC Capital Ideas. Delivered on a regular basis, this Guy Carpenter newsletter will provide you with a curated roundup of GC Capital Ideas’ most insightful thought leadership and news. This newsletter replaces the previous daily updates, and we hope that this new format enhances your ability t ... Continue Reading »
Week’s Top Stories: February 6 – 12, 2021
Chart: Guy Carpenter Global Property Catastrophe Rate-On-Line (ROL) Index – 1990 to 2021: The Global ROL index was up 4.5 percent year on year, at January 1. The index is a measure of the change in dollars paid for coverage on a consistent program basis and reflects the pricing impact of a growing (or shrinking) exposure base, evolving methods of measuring risk and changes in b ... Continue Reading »
