The following chart shows the Guy Carpenter U.S. property catastrophe Rate on Line (ROL) index for the period between 1990 and 2020. Click here to register to receive email updates >> ... Continue Reading »
Catastrophe
Chart: Significant Insured Catastrophe Losses 2011 – 1H2020
The following chart shows significant insured catastrophe losses between 2011 and the first half of 2020. *Note: This chart excludes the impact of any COVID-19-related losses Click here to register to receive e-mail updates >> ... Continue Reading »
A New Definition of Catastrophic Risk: Technology Industry Risk Study 2020
A Guy Carpenter study highlighted the need for insureds, insurers and reinsurers to all recognize the loss potential of cyber catastrophes, and the value in appropriately priced risk transfer solutions. Over the past several years, catastrophic risk from extreme weather, driven by climate change, has drawn much attention from activists, the media, governments and an ... Continue Reading »
Building National Resilience: Fiscal and Financial Risks
As nations come to terms with their own circumstances, difficult choices will have to be made. Many of the challenges facing societies carry with them immense fiscal costs. Much of these costs fall to governments to address. The opportunity for closer collaboration between the private (re)insurance market and governments to address the direct challenges of catastrophe event ... Continue Reading »
Building National Resilience: Crisis Response Arrangements
Governments and public sector entities in 2020 are responsible for responding to a variety of increasingly interconnected risks, from the consequences of climate change to the economic fallout catalyzed by the COVID-19 pandemic. Guy Carpenter's subject matter experts are actively following the evolution of different risk factors across a wide range of sectors, and can provide ... Continue Reading »
Guy Carpenter Enters Multi-Year Agreement with Karen Clark and Company
Guy Carpenter & Company announced that it has entered into a global, multi-year agreement with Karen Clark and Company (KCC) to license their catalogue of natural catastrophe models, execution software and analytics. The agreement will provide Guy Carpenter’s clients with access to KCC’s contemporary suite of natural peril models, software, visualizations and scientific a ... Continue Reading »
January 1, 2020, Reinsurance Renewals: Property Catastrophe
Pricing corrections in the property catastrophe reinsurance market over the last few years have been localized, and mitigated to some extent by sufficient levels of capacity. These traits, along with the fact that the mix of loss-affected and non-loss-affected business up for renewal at January 1 is more diverse than at mid-year, created a wide range of outcomes, including ... 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 »
Review of Asia Pacific Insights on GC Capital Ideas
Here we feature recent stories covering the Asia Pacific region. Topics of focus include geography-specific perils such as potential water crises, and new approaches to managing life reinsurance arrangements. ... Continue Reading »
Competition and Change Are the Only Certainties for P&C Carriers: Part II; Insights on Commercial Lines
Product liability insurers face liability claims challenges as trial lawyers ramp up around new mass torts including opioids, e-cigarettes, talc, and Round-Up. This is apparent from some of the recent judgments and settlements against the manufacturers of opioids. How this migrates through other insurers is unknown as of yet. ... Continue Reading »
