Guy Carpenter announced the launch of its new Indonesia Flood Model. The fully probabilistic model provides countrywide coverage and enables insurers to assess their exposure to floods, the most frequently occurring natural peril in the country. ... Continue Reading »
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Climate Change Is Now Driving Investments in Flood Resilience
As climate change and the associated increase in natural catastrophe events alters the contemporary risk landscape, there is now an opportunity for governments to partner with the (re)insurance market and put its expertise to work. After a flood event, companies need to take into account both the short-term imperatives to get up and running quickly and the longer-term need ... Continue Reading »
The Marsh & McLennan Advantage Podcast: Climate Resilience in Focus
According to Guy Carpenter-affiliate Marsh & McLennan's 2020 Global Risks Perception Survey, climate change and related environmental issues are now the top concerns for companies and governments alike. Extreme weather events are putting an increasing strain on government finances and driving a reevaluation of how catastrophic events are funded. In the context of the ... Continue Reading »
Guy Carpenter Launches Probabilistic Philippines Flood Model
Guy Carpenter today announced the launch of its new Philippines Flood Model. The probabilistic model provides countrywide coverage and enables insurers to assess flood exposure, one of the most frequently occurring natural hazards in the region. ... Continue Reading »
Flood Re in the United Kingdom: Protecting our Planet and the Public Purse
Household insurance in the United Kingdom has historically provided flood coverage universally to all. Coverage nevertheless became threatened following persistent flooding in the 1990s and 2000s, according to Guy Carpenter's Protecting our Planet and the Public Purse report. ... Continue Reading »
Public-Private Partnerships Can Help to Reduce Disaster Suffering: Protecting our Planet and the Public Purse
Victims of flooding events in the United States that are protected by the National Flood Insurance Program (NFIP) recover more quickly, according to Guy Carpenter's Protecting our Planet and the Public Purse report. ... Continue Reading »
Public-Private Partnerships: Protecting our Planet and the Public Purse
Most catastrophe losses, whether caused by natural perils or other events, represent unbudgeted demands on public finances, according to Guy Carpenter's new report, Protecting our Planet and the Public Purse. Money spent to replace critical infrastructure (for example) inevitably draws money and resources away from other important community initiatives. ... Continue Reading »
Sea Level Rise: Protecting our Planet and the Public Purse
Sea level rise due to climate change is considered to be one of the biggest threats to properties and infrastructure worldwide. Global (mean) sea levels rose by about eight inches between 1901 and 2010, and the rate of increase appears to have accelerated in recent decades. Guy Carpenter's new report, Protecting our Planet and the Public Purse, investigates multiple climate ... Continue Reading »
2019 Asia Pacific Catastrophe Reinsurance Report
Guy Carpenter has released its 2019 Asia Pacific Catastrophe Reinsurance Report. The report reviews property catastrophe cover trends; market conditions, including losses and pricing; and catastrophe events in each of the major Asia Pacific countries during 2019. The Executive Summary of the report highlights key findings, including discussion of the various catastrophe ... Continue Reading »
Weather Sentinel: Escalating Tropical Activity – Bermuda, Mexico, Texas, Caribbean
Several tropical storms or hurricanes have developed in recent days to pose a potential threat to property, affecting locations in Bermuda, Mexico and the northwestern Gulf. Hurricane Humberto is expected by the National Hurricane Center (NHC) to make close approach to Bermuda, with the threat of tropical storm and potentially hurricane conditions. In the meantime Tropical ... Continue Reading »
