Terrorism, political violence and other malicious acts differ from other insurable perils in that they are dynamic and adaptive; there is human intent driving the probability and willing the impacts to change. Historic incidents show past trends, but those are only partial drivers of future trends as terrorists adapt their tactics in response to past effectiveness and current ... Continue Reading »
emerging risks
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 »
The 2020 Global Risks for Infrastructure Map
The infrastructure sector today faces a complex landscape of global risks. The 2020 Global Risks Report (GRR), an annual report published by the World Economic Forum with support from Marsh & McLennan, warns of a chronically unsettled global landscape – one that businesses cannot expect will ‘snap back’ to its old normal. ... Continue Reading »
Chart: The Matrix of Cyber and Property Lines Insurance Coverage
Chart examines the policy coverage matrix between cyber and property lines of insurance coverage. Below shows how the four types of subject matter (columns A-D) are generally covered by direct policies, relative to the various types of cyber and property perils (rows 1-5). Where cover is predominantly provided by property or cyber, the relevant icon is shown in blue. Where ... Continue Reading »
Captives Offer Access to Capital
Captive owners are seeking options for coverage of terrorism and other high-severity risks. Among other benefits, captive owners gain flexible options to finance emerging and high-severity risks, such as cyber liability, terrorism, and cyber terrorism. ... Continue Reading »
Getting Practical with Emerging Risks
Widespread political volatility and rapid technological advances are spurring companies to question not just their resilience, but also their fitness for purpose in the new world order. Yet, many companies are unsure what practical steps they should be taking with regard to major strategic uncertainties and potential shocks. ... Continue Reading »
More Firms Using Captives to Finance Emerging Risks
Captive growth has not been a "numbers only" trend. Captives have spread geographically into dozens of countries, evolved into multiple forms and financed a variety of risks. Most industries now have captives, with notable year-over-year growth in the Asia-Pacific region and the largest captives becoming even bigger and more strategic. ... Continue Reading »
Exposure to New Risks
Some emerging technologies are exposing organizations to new risks, but few practitioners report a significant impact. Over half of survey respondents report that artificial intelligence is impacting risk exposure at their organizations, although only 14 percent indicate the effect is significant. Data engineering and spreadsheets are also viewed as technologies that will ... Continue Reading »
Three Takeaways from Global Risks Report 2018
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 »
Getting practical with Emerging Risks
Widespread political volatility and rapid technological advances are spurring companies to question not just their resilience, but also their fitness for purpose in the new world order. Yet, many companies are unsure what practical steps they should be taking with regard to major strategic uncertainties and potential shocks. ... Continue Reading »
