GC Capital Ideas presents a review of our recent stories covering modeling for various perils. ... Continue Reading »
analytics
Automobile Liability Segment Outlook
In 2017, writers of automobile (auto) liability insurance continued to cope with deteriorating combined ratios, which remained above 100 percent for the seventh consecutive year. While carriers have implemented effective strategies that improved their operations and as a result are achieving improved expense ratios, evolving market and environment factors continue to challenge ... Continue Reading »
A Math Formula May Offer a Solution to Insurers’ Critical Challenges
Guy Carpenter has developed a methodology that applies a mathematical formula to provide insurers and reinsurers with a unified, practical framework for risk pricing and capital allocation. ... Continue Reading »
Evolving Terror Threats – Innovation Needed to Meet Changing Demands
New modes of attack are causing a shift from large terrorist events aimed at property destruction to less sophisticated attacks causing mass casualties and fear. With global commerce, tourism and financial markets impacted, demand is growing for modeling, capacity and protection-gap solutions to increase resiliency against such attacks. ... Continue Reading »
Closing the Gap: Insurance Penetration and Public Sector Risk Financing in Asia Pacific – GC@SIRC Commentary
Michael Schwarz, Head of Public Sector, Asia Pacific Contact Our industry should be a critical contributor to increasing community resilience against volatility and shocks to their environments Public-private risk-transfer partnerships offer a huge opportunity for the insurance industry to grow. However, one size does not fit all. In addition to technical ... Continue Reading »
Life: Emerging Competition and the Need to Remake the Reinsurance Relationship – GC@PCI Commentary
David Rains, Managing Director Contact Life reinsurance value prop a combination of risk capital, differentiated underwriting knowledge and value-added services Availability of capital and insurers’ success in closing knowledge gap in underwriting reduce need to purchase risk protection Reinsurers can position their InsurTech and advanced technologies to make a ... Continue Reading »
Data and Analytics Support Innovations in Flood Risk Management – GC@BB Commentary
Elizabeth Cleary, Managing Director Contact Increased computing power is fueling innovative solutions for flood underwriting Insurers are using technology to communicate a homeowner’s flood risk with mobile apps Guy Carpenter works extensively with most commercial vendor flood models ... Continue Reading »
Real-Time Risk Management and Next-Generation Insurance
John Drzik President, Global Risk and Digital at Marsh Contact A confluence of trends is enabling businesses and the insurance industry to move toward a revolutionary new approach: real-time risk management. Managing risk in real time offers the potential to both reduce risk and transfer it more effectively. It means businesses can have an up-to-the-minute view of their ... Continue Reading »
Recent Thought Leadership from Guy Carpenter – Part II
Here we present a recap of recent thought leadership from Guy Carpenter. ILS Growth potential and London’s success in becoming a (re)insurance innovation hub Advanced data, analytics and modeling enable (re)insurers to narrow the gap in public risk financing The changes that IFRS 17 creates to accounting of insurance contracts Increased computing power and improved d ... Continue Reading »
Recent Thought Leadership From Guy Carpenter – Part I
Here we present a recap of recent thought leadership from Guy Carpenter. Keeping the MGA sector buoyant as it is being challenged from increasing licensing, regulatory, and conduct risk requirements Designing data-driven execution plans across four critical areas to enable growth Strategizing for market volatility from excess capacity and rising loss costs and expenses ... Continue Reading »
