As the risk landscape shifts because of climate change, fluctuating population distributions and rising inequalities, there is now an opportunity for governments to partner with the (re)insurance market and put its expertise to work. Climate change poses a major risk – one that is already impacting the lives and finances of many. The latest Global Risks Report from the World ... Continue Reading »
Hurricane Season Has Started, but FEMA Is Tied Up With Coronavirus
As the COVID-19 pandemic continues into hurricane season and shifts the risk landscape for corporate and public sector entities alike, there is now a prime opportunity for governments to put the wide-ranging expertise and modeling capabilities of the (re)insurance industry to use. The Atlantic hurricane season is now officially underway, and The National Oceanic and ... Continue Reading »
Review of Asia Pacific Insights on GC Capital Ideas
Here we present a recap of recent stories from GC Capital Ideas focusing on the healthcare industry and public sector responses to the COVID-19 pandemic in the Asia-Pacific region. ... Continue Reading »
How Boards Can Take the Long View During COVID-19
The societal, operational and human costs associated with COVID-19 are prominent in our thoughts, discussions and efforts, including Guy Carpenter's work with clients. While these costs are undoubtedly high, health insurers and reinsurers are also closely monitoring the direct and indirect financial impact of the virus. The growing use of telemedicine and capacity constraints ... Continue Reading »
Webinar: Winning the Digital Transformation Race
While the new disruptive InsurTech companies were initially written off by carriers, citing woefully unprofitable combined ratios, they are trending positively and could soon see underwriting profits. Most recently, given the thousands of companies who have entered the market in the last five years, the focus is on partnerships in various forms. Incumbents are utilizing ... Continue Reading »
Weather Sentinel: 2020 Atlantic Hurricane Season Outlook
Looking forward to the 2020 Atlantic hurricane season, seasonal outlook providers are forecasting an active season in the North Atlantic Basin. The numbers include a forecast of nine hurricanes and four major hurricanes in the Basin, relative to averages of six and two, respectively, according to Phil Klotzbach of Colorado State University. The season is already off to a record ... Continue Reading »
Week’s Top Stories: May 30 – June 5, 2020
Financial Market Resilience - Three Waves of Action for Market Infrastructure Firms in the Aftermath of COVID-19: COVID-19 will play a crucial role in defining how financial market infrastructure evolves over the next decade. In a new report, Guy Carpenter-affiliate Oliver Wyman outlines three waves of management action to help navigate the challenges ahead. The report was ... Continue Reading »
Risk Appetite: Altering Philosophies in Uncertain Times
The global economy finds itself in a state of uncertainty in the face of the novel coronavirus (COVID-19), with S&P Global now forecasting a global recession this year, according to a briefing from Guy Carpenter-affiliate Marsh. (1) ... Continue Reading »
COVID-19’s Impact on the U.S. Debit Market
COVID-19 is a black swan event, a global pandemic unlike any event in the past century. It has significantly impacted the U.S. economy and, with it, the U.S. debit market. Transactions plummeted 25-30 percent in mid-March as shelter-in-place rules went into effect and businesses closed. ... Continue Reading »
Healthcare 2030: Four Economic Scenarios
Looking back on how the healthcare industry has progressed over the last two decades, U.S. healthcare now comprises 18 percent of total gross domestic product, up 13 percent from twenty years ago. The composition of that spending has remained (remarkably) stable since 1960, with 38 percent to hospitals, 23 percent to physician services, and 12 percent to prescription drugs. ... Continue Reading »
