A lot can change in three months. As the year got underway, climate change was widely viewed as the most serious threat to global prosperity. The annual risk perception survey of the 2020 Global Risks Report, published by the World Economic Forum in partnership with Guy Carpenter-affiliate Marsh & McLennan, saw climate-related risks dominate the rankings in terms of both ... Continue Reading »
climate change
The Marsh & McLennan Advantage Podcast: Climate Resilience in Focus
According to Guy Carpenter-affiliate Marsh & McLennan's 2020 Global Risks Perception Survey, climate change and related environmental issues are now the top concerns for companies and governments alike. Extreme weather events are putting an increasing strain on government finances and driving a reevaluation of how catastrophic events are funded. In the context of the ... Continue Reading »
Reinsurance Resilience and Value: Protecting our Planet and the Public Purse
The global reinsurance market has been fundamental to the management and mitigation of risk for over 150 years. Guy Carpenter's Protecting our Planet and the Public Purse report examines how the reinsurance market's innate ability and desire to innovate and evolve through different market cycles and periods of change has helped to strengthen the market’s resolve and resilience t ... Continue Reading »
Guy Carpenter Launches Probabilistic Philippines Flood Model
Guy Carpenter today announced the launch of its new Philippines Flood Model. The probabilistic model provides countrywide coverage and enables insurers to assess flood exposure, one of the most frequently occurring natural hazards in the region. ... Continue Reading »
How COVID-19 Strategies Can Help Fight Climate Change
After months in 2019 of record-breaking wildfires, heatwaves and slow-moving tropical megastorms, 2020 might have been a year when the international community was ready to make serious strides in the fight against the Earth’s rising temperatures. Instead, we are facing a virulent coronavirus pandemic that has shut down most economic activity worldwide and sidelined the issue of ... Continue Reading »
Catastrophe Bonds, Disaster Risk Insurance Facilities and Natural Disaster Funds: Protecting our Planet and the Public Purse
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 »
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 »
Demographic and Financial Changes: Protecting our Planet and the Public Purse
While societies and governments grapple with the dynamics of regional inequalities, a number of other equally complicated demographic and financial trends are likely to exert significant fiscal pressures on nations worldwide over the next three decades. Guy Carpenter's report, Protecting our Planet and the Public Purse, follows three of the most pressing trends: 1) population ... Continue Reading »
Regional Inequalities: Protecting our Planet and the Public Purse
Climate change is a top priority for companies and governments around the world, but it will not impact all geographies in the same way, or to the same degree. Guy Carpenter's new report, Protecting our Planet and the Public Purse, looks into the potential for accentuated global inequalities under climate change and how the protection gap falls across higher and lower income ... Continue Reading »
Lifting the Burden From Governments: Protecting our Planet and the Public Purse
The specter of climate change points to a future that will see more frequent and severe weather events. This is likely to increase reliance on governments to absorb more costs, according to Guy Carpenter’s Protecting our Planet and the Public Purse report. Insurance penetration is already falling behind rising loss trends and the cost of disasters is increasingly being borne by ... Continue Reading »
