Marsh & McLennan, in collaboration with the World Economic Forum, launched the 13th edition of the Global Risks Report. The report offers a rich perspective on the major threats to global prosperity. The global risks landscape is being shaped by the extraordinary pace of change, characterized by rapid technological advances (such as AI and automation) on the one hand, and ... Continue Reading »
emerging risk
Mid-Year Report: Executive Summary, Part I
The (re)insurance industry continues to evolve and adapt to a changing market on many fronts. Recent areas of focus include heightened cyber security risk, increased regulation, political and economic uncertainty, low interest rates and slow economic growth. At the same time, (re)insurers are managing new capital inflows, excess capacity and few catastrophe losses. ... Continue Reading »
Cyber-attacks: Mounting Concerns
Here we review recent GC Capital Ideas stories on mounting concerns over cyber-attacks. ... Continue Reading »
Cyber-attacks: Mounting Concerns
Here we review recent GC Capital Ideas stories on mounting concerns over cyber-attacks. ... Continue Reading »
Modeling Beyond Property CAT Risk
Here we review recent GC Capital Idea stories on catastrophe models that focus on exposures beyond catastrophe property risk: ... Continue Reading »
Cyber-attacks: Mounting Concerns
Here we review recent GC Capital Ideas stories on mounting concerns over cyber-attacks. ... Continue Reading »
Casualty Catastrophe Risk Modeling: Part II
Casualty catastrophe occurrences have become increasingly common over the past decade. The recent 2008 financial catastrophe is the easiest to cite, due to its sheer size and the fact that it continues to unfold even today. But, there have been many others. The collapse of the "dotcom economy" led to scandals around initial public offering laddering and equity analyst conflicts ... Continue Reading »
Casualty Catastrophe Risk Modeling: Part I
Casualty (or liability based) catastrophes have become increasingly frequent and severe over the past decade, exposing (re)insurers to much more risk than they may have realized and reserved for. One root cause can trigger a chain reaction that can bleed balance sheets and even imperil solvency. Until recently, casualty carriers had little choice but to accept this risk as ... Continue Reading »
Emerging Risk: RMS Global Probabilistic Terrorism Model
Risk Management Solutions (RMS) released an updated Probabilistic Terrorism Model (PTM) in July 2012, version 3.1.2. The new model revised the annual frequency of a terrorist attack on US soil. No updates were made to geographies outside the United States. ... Continue Reading »
Emerging Risk: Commercial Terrorism Models
The catastrophe modeling companies have regularly updated their terrorism models over the years to reflect the changing threat landscape and help (re)insurers and other market participants perform robust terrorism risk assessments. Such updated products from RMS and AIR include: ... Continue Reading »
