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 »
Asia Pacific
CAT-i Bulletin: Typhoon Haishen
Typhoon Haishen made landfall near Ulsan, South Korea around 9 AM GMT+9 Monday, with 1-minute maximum sustained winds of around 155 km/hr (96 mph) prior to landfall, a category-2. About six hours before landfall, the storm brushed past Japan’s Kyushu Island. Haishen hit areas already affected by typhoon Maysak, and flood effects were further amplified by prior monsoon activity i ... Continue Reading »
Guy Carpenter Launches Probabilistic Indonesia Flood Model
Guy Carpenter announced the launch of its new Indonesia Flood Model. The fully probabilistic model provides countrywide coverage and enables insurers to assess their exposure to floods, the most frequently occurring natural peril in the country. ... Continue Reading »
Typhoon Haishen/Maysak – Korean Peninsula & Japan
Typhoon Haishen is an escalating threat to portions of Japan and the Korean Peninsula over the coming days, with the threat of destructive winds and heavy rainfall. This threat comes after Typhoon Maysak followed a similar track earlier in the week, with reports of heavy rainfall and inland flooding, and wind damage with downed trees and powerlines. Typhoon Haishen is ... Continue Reading »
Asia’s Digital Hospitals Of Tomorrow
As the COVID-19 pandemic appears poised to continue into the fall, the reinsurance industry is collaborating with healthcare executives on how to mitigate the effects of the virus on the sector, and telemedicine and virtual care solutions have proved themselves to be viable healthcare options, though costs are currently high. ... Continue Reading »
Higos Strengthens on Approach to Guangdong Province
In the South China Sea, Higos gained strength on its final approach to the coast of Guangdong Province. The center of circulation made landfall over Zhuhai around 7 AM local time August 19 as an equivalent category-1, according to statements of the Hong Kong Observatory (HKO). Downed trees and powerlines can be expected over affected areas with some wind damage to property. ... Continue Reading »
Unlocking Inforce Value in Asia-Pacific: The USD 10 Billion Opportunity For Life Insurers
The current life reinsurance model has at best been managed passively; and at worst, has been a "set-and-forget" exercise. Notably, neither approach will fully satisfy risk management, capital management and relationship management objectives. Operationally, this approach limits insurers' ability to manage risks from a top down perspective and actively adjust the underlying ... Continue Reading »
Webinar: The Implications of COVID-19 for the Healthcare Industry in Asia
As the COVID-19 pandemic continues through the summer, public health concerns are at the forefront of everyone's mind and Guy Carpenter is actively developing a view of how COVID-19 may impact the healthcare industry and the medical (re)insurance market. Continuing the webcast series on COVID-19’s implications, Guy Carpenter-affiliate Marsh looks at navigating the pandemic r ... Continue Reading »
Diversity is Key to a Successful Business
To tackle gender and diversity issues, corporate commitment goes a long way. Guy Carpenter has been at the forefront of this change, instituting policies that encourage, nurture, and ensure diversity in the workplace. “Our goal is to have a workforce that is representative of the society that we live in. We look at ways to unlock the full potential of our workforce by c ... Continue Reading »
2020 Western North Pacific Tropical Cyclone Predictions: Details of Findings
The Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC) at the School of Energy and Environment, City University of Hong Kong, has released its 2020 predictions for tropical cyclone formations and landfalls using a regional climate model focusing on East Asia. This model uses information from a global climate prediction model made available in March 2020. ... Continue Reading »
