As the risk landscape shifts and the devastation from pandemics and weather events are at the forefront of peoples’ minds, there is an opportunity and an imperative that governments and the (re)insurance industry find new means to partner. By leveraging risk management and risk transfer expertise, such partnerships can help communities build greater resilience and recover more q ... Continue Reading »
Australia’s Data Opportunity in Tackling COVID-19
In the fight against COVID-19, the ability to share and analyze data is a powerful tool. Australians trust their federal government with their data more than people in the United States, United Kingdom, Germany, Spain, or Singapore, according to a recent Oliver Wyman Forum survey. To take advantage of that trust, the government needs to address concerns about how data is used ... Continue Reading »
Four Key Policy Tools For Economic Recovery
The corporate sector in many countries had already operated with high levels of debt, which the pandemic will exacerbate by adding further debt and reducing cash flows, according to Douglas J. Elliott, Partner, Financial Services at Oliver Wyman. Oliver Wyman is an affiliate of Guy Carpenter. Similarly, virtually all governments are adding substantially to their debt levels ... Continue Reading »
Building National Resilience: Aligning Mindsets, Capabilities, and Investment
The reinsurance market has established itself as a capable private partner for the public sector in recent years. Putting the capital and capabilities of the reinsurance sector to work to create new coverages and meet evolving demands from public sector entities is a crucial component for reducing disaster suffering. At a time when governments worldwide are forced to bear a ... Continue Reading »
Reinsurance Resilience and Value: Protecting our Planet and the Public Purse
The global reinsurance market has been fundamental to the management and mitigation of risk for over 150 years. Guy Carpenter's Protecting our Planet and the Public Purse report examines how the reinsurance market's innate ability and desire to innovate and evolve through different market cycles and periods of change has helped to strengthen the market’s resolve and resilience t ... Continue Reading »
European Healthcare Investment During COVID-19
As the initial systemic shock that COVID-19 has had across the globe begins to abate, healthcare has proven economically resilient relative to other sectors. The crisis has however fundamentally changed the short- and medium-term future healthcare landscape – impacting both the healthcare provider and life sciences industries. ... Continue Reading »
Guy Carpenter Launches Probabilistic Philippines Flood Model
Guy Carpenter today announced the launch of its new Philippines Flood Model. The probabilistic model provides countrywide coverage and enables insurers to assess flood exposure, one of the most frequently occurring natural hazards in the region. ... Continue Reading »
How COVID-19 Strategies Can Help Fight Climate Change
After months in 2019 of record-breaking wildfires, heatwaves and slow-moving tropical megastorms, 2020 might have been a year when the international community was ready to make serious strides in the fight against the Earth’s rising temperatures. Instead, we are facing a virulent coronavirus pandemic that has shut down most economic activity worldwide and sidelined the issue of ... Continue Reading »
Flood Re in the United Kingdom: Protecting our Planet and the Public Purse
Household insurance in the United Kingdom has historically provided flood coverage universally to all. Coverage nevertheless became threatened following persistent flooding in the 1990s and 2000s, according to Guy Carpenter's Protecting our Planet and the Public Purse report. ... Continue Reading »
Week’s Top Stories: May 2 – May 8, 2020
Estimating the Impact of COVID-19 on the U.S. Medical (Re)Insurance Market: As the COVID-19 situation is changing on a daily basis, the impact to the insurance and reinsurance markets is not yet fully known. However, given the significance of the developments, Guy Carpenter provides our view of how COVID-19 may impact the medical (re)insurance market. Read the article ... Continue Reading »
