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 »
Catastrophe
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 »
Competition and Change Are the Only Certainties for P&C Carriers: Part I
An abundance of capital from a wide range of sources coupled with evolving catastrophe risks and an extended period of low interest rates, are increasing the pressure on the property & casualty (P&C) industry to continue to increase its focus on underwriting. As such, business models for insurance companies have been progressing and the pace and opportunity associated ... Continue Reading »
Asia Pacific 2019: Guy Carpenter Asia Pacific Rate-On-Line (ROL) Index Rose
The Guy Carpenter Asia Pacific Rate-On-Line (ROL) Index rose in 2019; this was the first time in nearly a decade that the index did not decline. Price increases were not uniform across the region, but were targeted toward cedents or even specific layers that suffered losses. Consequently, following Typhoon Jebi, which occurred in September 2018, price increases were significant ... Continue Reading »
Chart: Significant Insured Losses – 2011 to Q3 2019
Chart exhibits the significant insured losses from 2011 through the third quarter of this year. Insured loss for the third quarter 2019 is approximately USD 17-19 billion. This quarter’s insured loss is mainly driven by two major events: Typhoon Faxai in Japan and Hurricane Dorian. ... Continue Reading »
