According to the 2020 Global Risks Report, produced by the World Economic Forum in partnership with Marsh & McLennan and Zurich Insurance Group, the near-term consequences of climate change add up to a “planetary emergency”. (1) Implications are catastrophic, wide-ranging and intersecting. Worse still, the complexity of the climate system means that some impacts are still un ... Continue Reading »
Insurance-Linked Securities Market Outlook: Part II
Investor Sentiment In the aggregate, heading into 2020, investor appetite for the insurance-linked securities (ILS) sector remains strong and the thesis for long-term strategic allocation to this diversifying asset class continues to be intact, according to Shiv Kumar, CEO of MMC Securities. ... Continue Reading »
Guy Carpenter Enters Multi-Year Agreement with Karen Clark and Company
Guy Carpenter & Company announced that it has entered into a global, multi-year agreement with Karen Clark and Company (KCC) to license their catalogue of natural catastrophe models, execution software and analytics. The agreement will provide Guy Carpenter’s clients with access to KCC’s contemporary suite of natural peril models, software, visualizations and scientific a ... Continue Reading »
Insurance-Linked Securities Market Outlook: Part I
The catastrophe bond market demonstrated critical resiliency during 2019 and delivered ample capacity at a time when it was most needed, according to Shiv Kumar, CEO of MMC Securities. ... Continue Reading »
Week’s Top Stories: February 15 – 21, 2020
January 1, 2020, Reinsurance Renewals - A Smooth Transition: The (re)insurance sector is undergoing a period of transition: views of risk are changing and risk appetites are responding accordingly. This shift has manifested itself more acutely in the primary market, as underperformance across multiple lines of business over several years has led to market hardening. This is ... Continue Reading »
Global Risks Report 2020: Global Governance Challenges for Businesses
Businesses, just as economies, rely on concerted global technology governance, according to the 15th edition of The Global Risks Report, prepared by the World Economic Forum (WEF) with the support of Marsh & McLennan Companies and Zurich Insurance Group. Fragmentation and incompatibility between global cybersecurity and technology frameworks risk weakening businesses’ c ... Continue Reading »
Outbreaks, Epidemics, and Pandemics: Preparedness and Response Strategies
Over the last century, tens of millions of lives have been claimed by pandemics, epidemics, and outbreaks that also have wreaked havoc on businesses and damaged national economies. Despite advances in medicine and improved infection control practices, the novel coronavirus (2019-nCoV) outbreak originating in Wuhan, China — which the World Health Organization (WHO) has declared a ... Continue Reading »
January 1, 2020, Reinsurance Renewals: A Smooth Transition
The (re)insurance sector is undergoing a period of transition: views of risk are changing and risk appetites are responding accordingly. This shift has manifested itself more acutely in the primary market, as underperformance across multiple lines of business over several years has led to market hardening. This is evidenced by Marsh’s Global Insurance Market Index, which shows g ... 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 »
Week’s Top Stories: February 8 – 14, 2020
Global Risks Report 2020 - Macroeconomic Risk Factors: During the last decade, moderate but stable growth has given way to what the International Monetary Fund (IMF) has called a “synchronized slowdown” — weakened growth among the world’s economies. Last year’s Global Risks Report, produced by the World Economic Forum (WEF) in partnership with Marsh & McLennan and Zurich Ins ... Continue Reading »
