Guy Carpenter's recently released report on the public sector response to climate change, Protecting our Planet and the Public Purse, looks beyond the United States' approach to natural catastrophe risk mitigation and investigates the measures taken by countries in Latin America and Asia. ... Continue Reading »
catastrophe bonds
Public-Private Partnerships: Protecting our Planet and the Public Purse
Most catastrophe losses, whether caused by natural perils or other events, represent unbudgeted demands on public finances, according to Guy Carpenter's new report, Protecting our Planet and the Public Purse. Money spent to replace critical infrastructure (for example) inevitably draws money and resources away from other important community initiatives. ... Continue Reading »
Insurance-Linked Securities Market Outlook: Part I
The catastrophe bond market demonstrated critical resiliency during 2019 and delivered ample capacity at a time when it was most needed, according to Shiv Kumar, CEO of MMC Securities. ... Continue Reading »
Modeling Insights
Here we review recent GC Capital Ideas posts covering insights on modeling. ... 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 ... 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 »
