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 »
data
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 »
Australia’s Data Opportunity in Tackling COVID-19
In the fight against COVID-19, the ability to share and analyze data is a powerful tool. Australians trust their federal government with their data more than people in the United States, United Kingdom, Germany, Spain, or Singapore, according to a recent Oliver Wyman Forum survey. To take advantage of that trust, the government needs to address concerns about how data is used ... Continue Reading »
New products and data key to building more resilient societies, says Schauble; MMC Young Professionals’ Global Forum 2019
As climate change rises up the agenda, there are huge opportunities to help companies manage risk in the burgeoning weather protection market, said Barney Schauble, Managing Principal, Nephila Advisors. Speaking at the MMC Rising Professionals' Global Forum, he said: "It feels like the early days of the catastrophe ILS market." ... Continue Reading »
Flood Risk Challenges in Asia
Flood is one of the most significant natural catastrophe perils, globally accounting for nearly 40 percent of all catastrophe events. In 2017, floods accounted for nearly half of the natural catastrophe events and 65 percent of natural catastrophe deaths in the world - two thirds of the deaths occurring in Asia. According to the Lloyd's City Risk Index, which examines flood ... Continue Reading »
GC Capital Ideas Covers Modeling Developments
GC Capital Ideas presents a review of our recent stories covering modeling for various perils. ... Continue Reading »
