Motor insurance is the most widely purchased property and casualty product in Europe and represents an important platform in the region for both traditional and non-traditional products, managing general agents, captives and other affinity and distribution platforms, according to Federico Camera, Managing Director, Guy Carpenter and Pawel Koszorek, Senior Vice President, Guy ... Continue Reading »
Guy Carpenter
A Changing Climate
Climate change has long been a topic of considerable debate. Its profile has been raised further recently by two key developments: first, the occurrence of several high profile losses where climate change may have played a contributory role (for example, the California wildfires) and second, regulatory initiatives, particularly in Europe, to stimulate the industry’s focus on t ... Continue Reading »
Looking Beyond the Clouds: A Cyber Insurance Industry Catastrophe Loss Study
Because it is essential to develop a deep understanding of the characteristics of cyber catastrophe events and the financial impact they could have on the standalone cyber insurance market as it exists today, CyberCube Analytics (1) and Guy Carpenter have collaborated to help (re)insurers quantify cyber risk by pooling data resources and analytics capabilities to cultivate a ... Continue Reading »
Review of Silent Cyber Coverage on GC Capital Ideas
Here we present the recent stories that GC Capital Ideas has presented on silent cyber, also known as unintended or non-affirmative coverage, the unknown or unquantified exposures stemming from cyber perils that may be triggered within traditional property and liability insurance policies. ... Continue Reading »
Cyber Insurance Is Supporting the Fight Against Ransomware
As the cyber insurance market continues to grow, it is only natural to discuss its place in the battle against cyberattacks, including ransomware, which has been a particularly prevalent topic in recent months. Over the last several years, the cyber insurance market has rapidly expanded, and more companies now purchase cyber coverage than ever before. Close to 50 percent of ... Continue Reading »
Chart: Guy Carpenter U.S. Property Catastrophe Rate-on-Line Index 1990 – 2019
The U.S. property catastrophe Rate-on-Line (ROL) index for January through July renewals was up 3.3 percent year-on-year. The full year index represents a slightly larger increase than the January 1 increase. ... Continue Reading »
CAT-i Bulletin: Super Typhoon Hagibis
Typhoon Hagibis made landfall in Japan as a category-2 on the Izu Peninsula in the Shizuoka Prefecture on October 12 around 7 PM local time. Large stretches of the country were hit by strong winds and torrential rainfall, and the Japan Meteorological Agency issued warnings and advisories affecting all prefectures in the Honshū, Kyushu, Shikoku and Hokkaido Islands. The highest ... Continue Reading »
Chart: Guy Carpenter Asia Pacific Property Catastrophe Rate-on-Line Index 1990 – 2019
The Guy Carpenter Asia Pacific Rate-On-Line (ROL) Index rose in 2019; this was the first time in nearly a decade that the index did not decline. Price increases were not uniform across the region, but were targeted toward cedents or even specific layers that suffered losses. ... Continue Reading »
Weather Sentinel: Southern California Fires and Ongoing Extreme Fire Weather Conditions
Several fires ignited in southern California yesterday during dry and windy conditions. Media reports indicate structures have been destroyed by multiple fires and evacuations remain in place. Extreme fire weather conditions will continue today in southern California meaning already burning fires may exhibit extreme fire behavior leading to difficulty in suppression and ... Continue Reading »
Weather Sentinel: Southern California Extreme Fire Weather Conditions
Extremely critical fire weather conditions are forecast for southern California today with critical fire conditions forecast to persist through at least Friday. Sustained offshore winds of 20-40 miles per hour are expected in portions of Los Angeles, Ventura and San Bernadino counties with gusts up to 60 miles per hour. Relative humidites are forecast to drop to 5 -15 percent ... Continue Reading »
