Guy Carpenter and Marsh today announced the appointment of Dean Klisura as President of Guy Carpenter, effective October 1, 2020. He will report to Peter Hearn, CEO of Guy Carpenter. ... Continue Reading »
Chart: Significant Insured Catastrophe Losses 2011 – 1H2020
The following chart shows significant insured catastrophe losses between 2011 and the first half of 2020. *Note: This chart excludes the impact of any COVID-19-related losses Click here to register to receive e-mail updates >> ... Continue Reading »
Building Climate-Resilient Infrastructure in the Post-Pandemic World
As climate change and the associated increase in natural catastrophe events alters the contemporary risk landscape, there is now an opportunity for companies to partner with the (re)insurance market and put its expertise to work. With the global economy facing its deepest economic contraction since the second world war, many governments are looking to infrastructure ... Continue Reading »
Risk-Based Capital Stress Testing: Part I
As companies continue to navigate the repercussions of COVID-19, it is important that they understand the pandemic’s impact on risk-based capital (RBC). Insurers are dealing with COVID-19’s effects on assets and liabilities, both of which can affect capital levels. ... Continue Reading »
Webinar: Managing Cyber Risk in Life Sciences Technology
The cyber risk sector is constantly evolving, and it is crucial for reinsurers to keep up with the latest developments in the space. Looking toward the remainder of 2020 as COVID-19 upends how businesses interact with technology, the reinsurance market sees a number of emerging trends. Life sciences and technology companies are increasingly aligning to pursue advances in ... Continue Reading »
CAT-i Bulletin: Typhoon Haishen
Typhoon Haishen made landfall near Ulsan, South Korea around 9 AM GMT+9 Monday, with 1-minute maximum sustained winds of around 155 km/hr (96 mph) prior to landfall, a category-2. About six hours before landfall, the storm brushed past Japan’s Kyushu Island. Haishen hit areas already affected by typhoon Maysak, and flood effects were further amplified by prior monsoon activity i ... Continue Reading »
Extreme Fire Weather Conditions and September Wildfire Outlook
Excessively hot temperatures in recent days have created favorable conditions for the growth of numerous ongoing fires in the western United States as well as the ignition and spread of several new fires. A cold front has begun to bring cooler temperatures and precipitation in the form of both rain and snow to parts of the Mountain West but is also increasing wind speeds ... Continue Reading »
Guy Carpenter Launches Probabilistic Indonesia Flood Model
Guy Carpenter announced the launch of its new Indonesia Flood Model. The fully probabilistic model provides countrywide coverage and enables insurers to assess their exposure to floods, the most frequently occurring natural peril in the country. ... Continue Reading »
Podcast: Digital Opportunities & Risk During COVID Times
The cyber space saw numerous developments during 2019, including new privacy regulations, systemic ransomware claims and increasing concern surrounding non-affirmative cyber in the underwriting community. Looking toward the remainder of 2020, Guy Carpenter sees a number of emerging trends that present both potential challenges and opportunities for our clients, particularly as ... Continue Reading »
Political Risk Map 2020: Mid-Year Update
Terrorism, political violence and other malicious acts differ from other insurable perils in that they are dynamic and adaptive; there is human intent driving the probability and willing the impacts to change. Historic incidents show past trends, but those are only partial drivers of future trends as terrorists adapt their tactics in response to past effectiveness and current ... Continue Reading »
