Single-parent, or pure, captives continue to be the primary structure for captive vehicles, accounting for more than two-thirds of captives globally. However, captive parents have a variety of options for structuring a captive entity. ... Continue Reading »
Guy Carpenter
A Risk Overview of Wildfire
Today, the frequency and severity of wildfires are garnering greater attention-not only from the media, but also from (re)insurers, catastrophe modelers, mitigation experts and other invested parties. As the industry searches for better understanding of this dynamic risk, Guy Carpenter’s GC Wildfire Diagnostic (SM) helps carriers differentiate and drive profitable growth u ... Continue Reading »
Governing Digital Transformation and Emerging Technologies
This joint report from the National Association of Corporate Directors (NACD) and Marsh & McLennan Insights, offers a new roadmap for successful corporate governance in the digital age. It draws from primary research conducted through interviews with company directors as well as a survey of 200 NACD members. ... Continue Reading »
Weather Sentinel: Significant Wildfire Potential Outlook; August 2019
Moving into the late summer, weather patterns are favoring seasonal dryness in the western United States, where moderate to severe drought is persisting in the Pacific Northwest, and fuels are drying out and becoming receptive to fire. While fire activity has been slightly below average to date in 2019, the outlook is for normal to above normal wildland fire potential in the ... Continue Reading »
U.S. Organizations Continue to Purchase Terrorism Insurance at High Levels
The United States is the world’s largest buyer of terrorism insurance, and U.S.-based organizations continue to purchase coverage at a high rate. In 2018, the take-up rate for TRIPRA coverage embedded in U.S. property policies was 62 percent. Take-up rates have remained close to 60 percent over the last several years. ... Continue Reading »
Weather Sentinel: Typhoon Lekima, Recent Typhoon Activity
In the Northwest Pacific Basin, Typhoon Lekima is moving ashore on the coast of Mainland China. Just prior to landfall, one-minute sustained winds were around 175 km/hr (110 mph), equivalent to a Category-2 on the Saffir-Simpson Scale, according to the Joint Typhoon Warning Center (JTWC) at 15 UTC August 9. The storm is weakening due to dry air intrusion and increasing land ... Continue Reading »
Managing the New Risks From Emerging Technologies
The same technological developments and tools that are enabling organizations to transform and advance are also introducing their own set of potential threats. ... Continue Reading »
To Lead through Disruption, Tech Firms Reinvent HR in the Innovation Era
Sheela Sukumaran, Partner, Mercer’s Multinational Client Group Contact Disruptive innovation has become the new normal. For today’s technology organizations that define and deliver disruption, it’s important to create workplaces that inspire, enable and drive innovation — all while serving as talent magnets. With competition for highly skilled talent at an all-time high, t ... Continue Reading »
Threat of Cyber Incidents on the Rise
The nature of the terrorism threat facing society has changed considerably in the last 20 years. Previously, governments and (re)insurers structured their mitigation strategies and responses to deal with attacks that were large in scale. ... Continue Reading »
Life Insurance Insights
Here we review recent stories on GC Capital Ideas that provide insights on the new paradigm around life reinsurance. A Dynamic Approach to Managing Life Reinsurance Arrangements: The traditional life reinsurance model typically involves perpetual treaties linked to an underlying product. In order to create alignment between the contracting parties, the treaty would follow ... Continue Reading »
