Authors: David Priebe, Chairman, Guy Carpenter, Lara Mowery, Global Head of Distribution, Guy Carpenter and Michael Sevi, General Counsel and Chief Compliance Officer, Guy Carpenter. On January 15, 2021, the UK Supreme Court issued its widely anticipated decision in the Financial Conduct Authority’s business interruption (BI) test case. The FCA brought the test case to r ... Continue Reading »
Catastrophe
Chart: Significant Insured Catastrophe Losses 2011 – 2020
Based on Guy Carpenter tracking, large losses generated near USD 80 billion of loss in 2020, an above-average number without considering COVID-19. ... Continue Reading »
Community-Based Catastrophe Insurance: Disaster Aid Financing or CBCI?
A community-based catastrophe insurance (CBCI) program clearly defines before a disaster what type of support will be given to individuals. This facilitates better individual risk management and planning than reliance on uncertain aid. Also, the inclusion of a risk signal in a CBCI program — for example, via a risk reduction surcharge — requires and supports raised awareness of ... Continue Reading »
Community-Based Catastrophe Insurance: A Model for Closing the Disaster Protection Gap
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 »
Marsh & McLennan and The World Economic Forum Present The Global Risks Report 2021
The 16th edition of the Global Risks Report, published by the World Economic Forum with support from Marsh & McLennan, highlights the disruptive implications of major risks, including the COVID-19 pandemic, that may reshape our world in 2021 and over the next decade. ... Continue Reading »
Chart: U.S. Property Catastrophe Rate-On-Line (ROL) Index – 1990 to 2020
The following chart shows the Guy Carpenter U.S. Property Catastrophe Rate-on-Line (ROL) Index for the period 1990 to 2020. ... Continue Reading »
Video: Casualty Upheaval Places Profitability in the Spotlight at Renewal
In a recent conversation with The Insurer, Christopher Ross, Managing Director, Guy Carpenter, identified three primary trends influencing in longer-tail classes: social inflation, the impact of large catastrophe-type claims and the unreconciled nature of claims in occurrence-based policies. ... Continue Reading »
Catastrophe Bond Activity: Looking Towards 2021
Catastrophe bonds are set to buck the trend elsewhere in the insurance-linked securities (ILS) market, with a strong issuance pipeline for the fourth quarter of 2020 and first quarter of 2021, according to Des Potter, Managing Director, ILS origination and structuring at GC Securities*. ... Continue Reading »
Video: Catastrophe Bonds in the Post-COVID Environment
Guy Carpenter recently participated in a series of videos with The Insurer, in which experts from throughout Guy Carpenter opine on different aspects of the contemporary risk landscape. ... Continue Reading »
Video: Catastrophe Bonds in the Post-COVID Environment
Guy Carpenter recently participated in a series of videos with The Insurer, in which experts from throughout Guy Carpenter opine on different aspects of the contemporary risk landscape. ... Continue Reading »
