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Guy Carpenter
GC Capital Ideas

Digital Tools Promise Much for Mental Health — But They Are Not a Panacea

Prior to COVID-19, the (re)insurance industry was already facing a range of challenges. The widespread impact of a global lockdown added to this challenging market and created the potential for even greater volatility. For an industry founded on the principles of diversification, we are now grappling with the implication of the first globally systemic insurance ... Continue Reading »

OmniCAT® Risk Score: Severe Thunderstorm Risk Magnitude Index (SToRMi)

Over the last decade, a noteworthy increase in the frequency and severity of severe thunderstorm losses across the central and eastern United States has created a lack of profitability for carriers exposed to these perils. The impact has been amplified by outdated and antiquated catastrophe models lacking the ability to properly assess the current risk. Guy Carpenter’s Severe ... Continue Reading »

Global Insurance Markets: Pricing Increases Moderate in First Quarter

Global commercial insurance prices increased 18 percent in the first quarter of 2021. The quarter is the first to show a fall in the average rate of increase since the first rise in global rates in the fourth quarter of 2017. It follows year-on-year average increases of 22 percent in the fourth quarter and 20 percent in the third quarter of 2020. This data comes from the latest ... Continue Reading »

Week’s Top Stories: May 8 – 14, 2021

Accessing Capacity for Community-Based Catastrophe Insurance Programs: Community-based catastrophe insurance (CBCI) solutions have the potential to enhance the financial resilience of communities and their residents, provide affordable and reliably available disaster insurance, and create incentives for community-level and individual risk reduction. Read the report ... Continue Reading »

Four Steps to Building a COVID-19 Vaccination Strategy

With COVID-19 surges continuing in many parts of the world and the vaccine supply limited, it is difficult to maintain a vision of the end of this pandemic. That said, vaccines remain the most reliable and widest path out of the current crisis. In most countries, the public sector is predominantly handling the initial mass vaccination rollout; however, the private sector is ... Continue Reading »

Global Risks 2021: Social Fragmentation

As public health gaps, digital inequality, educational disparities and unemployment — risks that result from a complex combination of existing inequalities and the impact of the pandemic — affect vulnerable groups the most, they may further fray social cohesion. Unsurprisingly, “social cohesion erosion” and “livelihood crises” are among the highest-likelihood and highest-impact ... Continue Reading »

Week’s Top Stories: May 1 – 7, 2021

What If We Applied the Urgency of Solving COVID to Climate Change? It is crucial that companies and the (re)insurance market incorporate climate change into business considerations as investors, ratings agencies and financial regulators apply pressure on firms. Read the article >> CAT-i Bulletin: Severe Hail Activity – U.S. Southern Plains April 28: Severe ... Continue Reading »