The June 1, 2020 renewal is the first genuine test of the reinsurance market since the COVID-19 outbreak prompted government-mandated lockdowns across the globe. The pandemic has compounded an already firming reinsurance environment, resulting in challenged placements and pronounced property catastrophe pricing increases, particularly in Florida. ... Continue Reading »
Week’s Top Stories: June 13 – June 19, 2020
Hurricane Season - Elevated Storm Activity in the North Atlantic Basin: Current hurricane predictions indicate elevated storm activity in the North Atlantic basin. These include a forecast from The National Oceanic and Atmospheric Administration (NOAA) Climate Prediction Center of six to 10 hurricanes and three to six major hurricanes, compared to averages of six and two, ... Continue Reading »
Population Health is Now Public Health
As the COVID-19 pandemic continues into the summer, public health concerns are at the forefront of everyone's mind and Guy Carpenter is actively developing a view of how COVID-19 may impact the healthcare industry and the medical (re)insurance market. Providers and hospitals, whose contact tracing activities before COVID-19 historically focused quite narrowly on provider ... Continue Reading »
Pandemic Navigator Insight Series: The Great Balancing Act
The reinsurance industry is at the forefront of conversations to create a forward-looking solution for pandemic risk in conjunction with policyholders, insurance markets and key policymakers, and Guy Carpenter is fortunate to be able to collaborate with affiliate Oliver Wyman on these efforts. Welcome to the second installment of the Oliver Wyman Pandemic Navigator Insight ... Continue Reading »
Cyber Risk Outlooks for 2020 and Beyond
Much transpired in the cyber space in 2019 – record General Data Protection Regulation (GDPR) fines, the introduction of new privacy regulations, systemic ransomware claims, debate around the war exclusion and increasing concern surrounding non-affirmative cyber in the underwriting community. Looking toward the remainder of 2020, we see a number of emerging trends that present b ... Continue Reading »
Review of Healthcare Coverage on GC Capital Ideas
Here we review GC Capital Ideas’ recent stories on healthcare and medical (re)insurance. ... Continue Reading »
How the Public Sector Can Respond to Climate Change and Demographic Challenges
The risk landscape for public sector entities is changing rapidly: extreme weather, climate change, mass migration and unfunded social liabilities are set to become the risks of our age. Guy Carpenter explores these interlinked issues and how they will dominate both governmental and commercial agendas for decades to come in a new report, Protecting our Planet and the Public ... Continue Reading »
Hurricane Season: Elevated Storm Activity in the North Atlantic Basin
Current hurricane predictions indicate elevated storm activity in the North Atlantic basin. These include a forecast from The National Oceanic and Atmospheric Administration (NOAA) Climate Prediction Center of six to 10 hurricanes and three to six major hurricanes, compared to averages of six and two, respectively. ... Continue Reading »
Getting European Health Insurers on the Front Foot During COVID-19
Guy Carpenter is actively developing and refining our view of how COVID-19 may impact the health and medical (re)insurance markets. The COVID-19 pandemic is evolving quickly, with dramatic increases in cases and deaths across the vast majority of markets. Governments around the world are applying increasingly stringent contingency measures in an attempt to manage the ... Continue Reading »
2020 Western North Pacific Tropical Cyclone Predictions
The Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC) at the School of Energy and Environment, City University of Hong Kong, has released its 2020 predictions for tropical cyclone formations and landfalls using a regional climate model focusing on East Asia. This model uses information from a global climate prediction model made available in March 2020. ... Continue Reading »
