In this episode of The Insurer TV’s Prospective, Will Garland, Guy Carpenter’s President, Centers of Excellence, North America, talks about the impact on mid-year renewals of climate change, social inflation, ongoing claims development, and softening and stabilization of the catastrophe claims environment. ... Continue Reading »
Catastrophe
2021 Global Large Loss Activity/COVID-19 Losses
Hailstorms, heavy rains and tornadoes in parts of France, Belgium, the Netherlands, Switzerland, Germany, the Czech Republic and elsewhere in Europe (between June 21 and July 1) could increase the insured loss estimate by over USD 2.5 billion. ... Continue Reading »
Guy Carpenter Releases the 2021 Western North Pacific Basin Tropical Cyclone Briefing
Guy Carpenter published the annual briefing on the 2021 Western North Pacific Basic Tropical Cyclone season. ... Continue Reading »
Community-Based Catastrophe Insurance: Closing the Gap for Disaster Protection
A new report from Guy Carpenter, Marsh & McLennan Advantage, and the Wharton Risk Management and Decision Processes Center, Community-Based Catastrophe Insurance: A Model for Closing the Disaster Protection Gap, sets out an innovative model to deliver insurance and help communities close the disaster protection gap. ... Continue Reading »
Guy Carpenter Launches Asia Pacific Catastrophe Advisory Group
Guy Carpenter announced the launch of its Asia Pacific Catastrophe Advisory Group, with the appointment of Jeremy Waite to lead this new operation. ... Continue Reading »
Engaging Stakeholders Is Key in Implementing Community-Based Catastrophe Insurance Programs
A new report from Guy Carpenter, Marsh & McLennan Advantage, and the Wharton Risk Management and Decision Processes Center, Community-Based Catastrophe Insurance: A Model for Closing the Disaster Protection Gap, sets out an innovative model to deliver insurance and help communities close the disaster protection gap. ... Continue Reading »
Accessing Capacity for Community-Based Catastrophe Insurance Programs
Community-based catastrophe insurance (CBCI) solutions have the potential to enhance the financial resilience of communities and their residents, provide affordable and reliably available disaster insurance, and create incentives for community-level and individual risk reduction. Accessing insurer, reinsurer or capital market capacity can present varying benefits and ... Continue Reading »
Tailoring the Community-Based Catastrophe Insurance Program to the Needs of the Community
The first step in the iterative five-part process that can guide communities as they consider implementation of a community-based catastrophe insurance (CBCI) program, is “Defining the Need or Problem” that the community is trying to solve. ... Continue Reading »
Community-Based Catastrophe Insurance Creates Incentives for Community-Level and Individual Risk Reduction
The alignment with community-level risk reduction is a potential benefit of community-based catastrophe insurance (CBCI). Because standard disaster insurance policies apply at the level of individual properties, using insurance to incentivize mitigation of community scale hazards, such as levees or ecosystem-based interventions, for example, restored wetlands¹, creates inherent ... Continue Reading »
Chart Room: Insured Losses
Here we bring together GC Capital Ideas Chart Room entries covering recent data on insured losses. ... Continue Reading »
