"There is no better time to be in the risk business than right now," said Dan Glaser, President and Chief Executive Officer of Marsh & McLennan, in his opening address to delegates at the MMC Rising Professionals' Forum 2019 in London. "The world around us is moving at such a rate that it is in a constant state of VUCA - volatility, uncertainty, complexity and ... Continue Reading »
A Dynamic Approach to Managing Life Reinsurance Arrangements
The traditional life reinsurance model typically involves perpetual treaties linked to an underlying product. In order to create alignment between the contracting parties, the treaty would follow the underlying terms of the product. However, the treaty structure may concurrently include provisions that reduce alignment between the insurer and reinsurer, to the insurer's ... Continue Reading »
John Neal: Lloyd’s must seize “once in a generation” opportunity to embrace digital transformation; MMC Young Professionals’ Global Forum 2019
The Lloyd's market must evolve and evolve fast or risk driving itself into irrelevance. This was the warning from Lloyd's chief executive Mr. John Neal as he addressed delegates at the 2019 MMC Rising Professionals' Global Forum in London today. ... Continue Reading »
Marsh & McLennan Stresses Next Generation Industry Leaders Must “Adapt or Face Extinction”
Marsh & McLennan Companies' Rising Professionals’ Global Forum 2019 opened in London today, with approximately 700 delegates attending the two-day event to hear from world class speakers on the central theme for the Forum – Adaption or Extinction. ... Continue Reading »
Asia’s Health Care Industry Reels From Cyberattacks
Health care is one of the sectors most vulnerable to cyberattacks, with more than one in four (27 percent) health care organizations reporting that they have been a victim of a cyberattack in the past 12 months. This is more than financial institutions (20 percent) and nearly twice the incidence in the communications, media and technology sector (14 percent). Despite this, ... Continue Reading »
Healthcare Organizations and Medical Risk: What HCOs Need to Know About the Medical Risks They Own
As healthcare organizations transition their business models from "fee for service" to "fee for value," margin pressure, capital allocation and expense management are pitfalls to a successful transition. We argue that the creation of an integrated risk strategy framework to think about medical risk collectively (the medical risk continuum) will empower healthcare organizations ... Continue Reading »
Week’s Top Stories: June 1 – 7, 2019
Insurance Risk Management 2025: Navigating the Digital Future: How could the insurance industry look in 2025, and what are the implications for the risk function? A video from Guy Carpenter affiliate Oliver Wyman offers a futuristic glimpse of a rapidly evolving industry. The insurance industry of today is already highly complex. However, this complexity is only likely to ... Continue Reading »
Modeling Insights
Here we review recent GC Capital Ideas posts covering insights on modeling. A Risk Overview of Wildfire: Today, the frequency and severity of wildfires are garnering greater attention - not only from the media, but also from (re)insurers, catastrophe modelers, mitigation experts and other invested parties. Read the article >> Understanding Flood Risk in Malaysia ... Continue Reading »
The 2019 Captive Landscape
The number of organizations and risk professionals embracing captives as a tool to secure their future continues to grow, according to Marsh's 2019 Captive Landscape report. ... Continue Reading »
Insurance Risk Management 2025: Navigating the Digital Future
How could the insurance industry look in 2025, and what are the implications for the risk function? A video from Guy Carpenter affiliate Oliver Wyman offers a futuristic glimpse of a rapidly evolving industry. The insurance industry of today is already highly complex. However, this complexity is only likely to increase as business models evolve, the speed of change regarding ... Continue Reading »
