Chart: Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2019. View the chart >> Weather Sentinel: Super Typhoon Hagibis Closes in on Japan: Hagabis, a Category 5 Super Typhoon for much of the first half of this week, is forecast to track towards Japan with a potential landfall ... Continue Reading »
Weather Sentinel: Southern California Extreme Fire Weather Conditions
Extremely critical fire weather conditions are forecast for southern California today with critical fire conditions forecast to persist through at least Friday. Sustained offshore winds of 20-40 miles per hour are expected in portions of Los Angeles, Ventura and San Bernadino counties with gusts up to 60 miles per hour. Relative humidites are forecast to drop to 5 -15 percent ... Continue Reading »
Weather Sentinel: Super Typhoon Hagibis Closes in on Japan
Hagabis, a category 5 Super Typhoon for much of the first half of this week, is forecast to track towards Japan with a potential landfall on Saturday morning October 12. Fortunately, the forecast calls for Hagabis to weaken to a category 3 typhoon by landfall. If the forecast for Hagabis verifies, it would be the sixth typhoon of the 2019 season to directly impact Japan and one ... Continue Reading »
Threat of Cyber Incidents on the Rise
The nature of the terrorism threat facing society has changed considerably in the last 20 years. Previously, governments and (re)insurers structured their mitigation strategies and responses to deal with attacks that were large in scale. ... Continue Reading »
Regional Risks for Doing Business
With heightened economic uncertainty and increasingly decentralized threats, regional understanding of risks – and the opportunity for cooperation – is critical. Results from the World Economic Forum’s 2019 Executive Opinion Survey suggest that the threat of a major economic slowdown is high on the minds of business leaders worldwide, with growing apprehension about a wide ra ... Continue Reading »
Chart: Global Property Catastrophe ROL Index
The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2019. ... Continue Reading »
Terror: The Role of Technology and Analytics
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 »
Weather Sentinel: Significant Wildfire Potential Outlook; October 2019
Wildfire season reached its typical national peak in August, characterized this year by below normal activity in most areas. The low activity was primarily due to monsoon associated precipitation, which brought adequate although not abundant moisture to fire prone areas. The month of September has seen the majority of North America exit wildfire season, which is traditional as ... Continue Reading »
Week’s Top Stories: September 28 – October 4, 2019
Global Climate Regulation Looms on the Horizon. Are Banks and Insurers Ready? Many of the world’s leading banks and insurers are busy finalizing their response plans to the Bank of England’s innocuous-sounding supervisory statement number SS3/19. It sets out the regulator’s expectations for how banks and insurers should manage the financial risks of climate change, including mod ... Continue Reading »
GC Capital Ideas Top Stories: Third Quarter, 2019
1.CAT-I Bulletin: Hurricane Dorian: Hurricane Dorian was a long-lived and historic storm that rendered impacts from the Caribbean to Atlantic Canada between August 24 and September 7. It is evident from media reports that the most severe impacts occurred in the northwestern Bahamas where complete destruction of property and infrastructure was reported in Grand Bahama and Abaco ... Continue Reading »
