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 »
data
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 »
Flood Risk Challenges in Asia – GC@SIRC Commentary
Mark Weatherhead, Head of Model Development, International Contact Asia is particularly prone to flooding because of three factors: hydrology, population density and mitigation rate To improve loss assessments, hazard data should be combined with other data types, such as probabilistic event sets and defense information Guy Carpenter has made a significant investment in ... Continue Reading »
Life: Emerging Competition and the Need to Remake the Reinsurance Relationship – GC@PCI Commentary
David Rains, Managing Director Contact Life reinsurance value prop a combination of risk capital, differentiated underwriting knowledge and value-added services Availability of capital and insurers’ success in closing knowledge gap in underwriting reduce need to purchase risk protection Reinsurers can position their InsurTech and advanced technologies to make a ... Continue Reading »
Real-Time Risk Management and Next-Generation Insurance
John Drzik President, Global Risk and Digital at Marsh Contact A confluence of trends is enabling businesses and the insurance industry to move toward a revolutionary new approach: real-time risk management. Managing risk in real time offers the potential to both reduce risk and transfer it more effectively. It means businesses can have an up-to-the-minute view of their ... Continue Reading »
