Here we review recent GC Capital Ideas posts covering insights on modeling. ... Continue Reading »
catastrophe bonds
Methodological Considerations in the Statistical Modeling of Catastrophe Bond Prices
John Major, Director of Actuarial Research Contact John Major has authored an article that aims to help actuaries, financial analysts, statisticians, data scientists and their clients better investigate how property catastrophe risk, and particularly catastrophe bonds, are priced. As in any technical discipline, statistical modeling has its customs, templates and ... Continue Reading »
Structured Capital Partnerships: An Evolution of the P&C Reinsurance Business Model
Over the past two decades, alternative capital has grown to represent almost a quarter of the total reinsurance industry capital. Insurance-linked securities (ILS), sidecars and collateralized reinsurance continue to provide valuable capacity to (re)insurers, corporates, and public sector entities to efficiently manage capital and risk alongside traditional market solutions, ... Continue Reading »
Parametric Risk Transfer – When Does It Make Sense?
Parametric insurance provides cover for predetermined catastrophic natural events such as an earthquake exceeding a certain magnitude, a hurricane producing a certain wind speed at a location, or a flood reaching into certain areas. The insured buys a predefined amount of protection that will pay out based on predefined terms regardless of the actual loss incurred. Parametric ... Continue Reading »
Structured Capital Partnerships: An Evolution of the P&C Reinsurance Business Model – GC@MC Commentary
Over the past two decades, alternative capital has grown to represent almost a quarter of the total reinsurance industry capital. Insurance-linked securities (ILS), sidecars and collateralized reinsurance continue to provide valuable capacity to (re)insurers, corporates, and public sector entities to efficiently manage capital and risk alongside traditional market solutions, ... Continue Reading »
Guy Carpenter Selected by CEA on Wildfire Fund Reinsurance and Risk Transfer Program
Guy Carpenter & Company today announced its appointment as the sole reinsurance intermediary for the newly formed California Wildfire Fund, which is currently being administered by the California Earthquake Authority (CEA). Guy Carpenter will provide strategic reinsurance and advisory services to develop a risk transfer and reinsurance strategy for the California ... 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 »
What Is the Future of Alternatives to Traditional Insurance Markets?
Brian C. Elowe, Chief Client Officer for Marsh North America Contact There's been much discussion in risk finance circles over the past decade about alternatives to traditional insurance markets. Much of the focus has been on the provider side - the pension funds, sovereign wealth funds and other investors that provide the capital behind so-called alternative risk ... Continue Reading »
Methodological Considerations in the Statistical Modeling of Catastrophe Bond Prices
John Major, Director of Actuarial Research Contact John Major has authored an article that aims to help actuaries, financial analysts, statisticians, data scientists and their clients better investigate how property catastrophe risk, and particularly catastrophe bonds, are priced. As in any technical discipline, statistical modeling has its customs, templates and default ... Continue Reading »
First Singapore Catastrophe Bond Sets Stage for ILS Expansion in Asia-Pacific
The first catastrophe bond has been issued out of Singapore. This highlights the potential of the insurance- linked securities (ILS) market in the region, and is aligned with the city-state's efforts to establish itself as a global hub for Asian risk transfer. The bond is sponsored by Insurance Australia Group (IAG) as part of its 2019 catastrophe aggregate reinsurance cover ... Continue Reading »
