The (re)insurance industry, policyholders and governments throughout the world must come together on an approach that offers relief to those who need it now and develop a plan to implement mitigation strategies and a response mechanism for future pandemic events. ... Continue Reading »
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Captive Managers – A Light in the Darkness
In a recent interview with Captive International, Rob Collins, Managing Director and North American Sales Leader, Guy Carpenter, discussed captives and the importance of working alongside trusted partners amid the increasing opportunities provided by new technologies. ... Continue Reading »
Why 2020 Has Made the Ever-Evolving Cyber Landscape Even More Dynamic: Part II
Increasing reliance on technology makes businesses more vulnerable to risks inside and outside the organization. The resulting inter-connectivity creates a dependency maze across businesses and their business partners. For the (re)insurance industry, this supply chain web fuels severity concerns and the potential for systemic events, according to Guy Carpenter colleagues Will ... Continue Reading »
Why 2020 Has Made the Ever-Evolving Cyber Landscape Even More Dynamic: Part I
The insurability of systemic cyber risk will be one of the defining issues of the next decade for the (re)insurance sector. Rapid technological changes and digitalization in particular have already transformed the characteristics of risks assumed by the (re)insurance market. As companies depend more on technology to conduct business, they are also increasingly subject to ... Continue Reading »
Why 2020 Has Made the Ever-Evolving Cyber Landscape Even More Dynamic
The insurability of systemic cyber risk will be one of the defining issues of the next decade for the (re)insurance sector. Rapid technological changes and digitalization in particular have already transformed the characteristics of risks assumed by the (re)insurance market. ... Continue Reading »
Digital Health Surveillance: A Balancing Act For Businesses In A Time of Coronavirus
The cyber risk sector is constantly evolving, and it is crucial for reinsurers to keep up with the latest developments in the space. Looking toward the remainder of 2020 as COVID-19 upends how businesses interact with technology, the reinsurance market sees a number of emerging trends. While COVID-19 remains a threat worldwide, societies and businesses are keen to restart ... Continue Reading »
Digitalized Life Insurance: How Life Insurers Can Realize Value From Digital
While the new disruptive InsurTech companies were initially written off by carriers, citing woefully unprofitable combined ratios, they are trending positively and could soon see underwriting profits. Most recently, given the thousands of companies who have entered the market in the last five years, the focus is on partnerships in various forms. Incumbents are utilizing ... 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 »
Putting Data-Based Insights at the Core of Your COVID-19 Strategy
All segments of the reinsurance business are being affected by current events, and it is critical that companies provide colleagues with the support needed to move forward with their day-to-day activities. Looking toward the remainder of 2020, as COVID-19 upends how businesses interact with technology, the reinsurance market sees a number of emerging trends that present both ... Continue Reading »
Two Years On, General Data Protection Regulation Continues to Shape Global Data Privacy Regulation
As a sector intrinsically tied to digital technology, cyber insurance is known for its dynamic and evolving nature. In 2019, the cyber insurance industry began to grapple with multiple headwinds including record General Data Protection Regulation (GDPR) fines, the introduction of new privacy regulations and systemic ransomware claims. When the European Union GDPR took effect ... Continue Reading »
