The COVID-19 pandemic is forcing financial services executives to reimagine the workplace of tomorrow while simultaneously scrambling to ensure they can operate safely today. The moves they make in the next few months in shaping how colleagues return to the office could have ramifications for years to come. ... Continue Reading »
insurance
Decrypting the Misconceptions Around Ransomware
Ransomware has progressively become a loss trend across the cyber industry, with pricing strategies being recalibrated to account for this growing risk. Guy Carpenter is working closely with our clients to share updates on the threat landscape, deliver cyber industry insights, construct relevant modeling scenarios, and design reinsurance placements to protect these portfolios. ... Continue Reading »
Artificial Intelligence Will Enable Personalized, Proactive and Smarter Care
Society is entering the age of artificial intelligence. Significant players in every industry are implementing narrow artificial intelligence (NAI) to improve their business processes. As a consequence, no element of the global insurance business model will be untouched. Most insurance product lines will need to be reengineered to reflect the new risks arising out of the ... Continue Reading »
Guy Carpenter Announces Two Senior Appointments at GC Access
Guy Carpenter announced the appointments of Matt Petka as Managing Director and Riley Underwood as Senior Vice President within its GC Access business unit, with immediate effect. GC Access provides dedicated MGA program business solutions. The unit offers a range of services to carriers and MGAs operating in the dynamic program market, including carrier and reinsurance ... Continue Reading »
Flood Peril in the Wake of Climate Change
Here we bring together recent GC Capital Ideas posts covering the flood peril, as risks increase due to climate change and increasing population growth in flood-prone areas. Sunk Costs: The Socioeconomic Impacts of Flooding: Flooding is the most pervasive natural disaster in the world. Since 1980, floods have killed over 250,000 people and caused over USD 1 trillion in ... Continue Reading »
Guy Carpenter Launches Suite of Climate Advisory and Modeling Services
Guy Carpenter announced the launch of a suite of climate advisory and modeling services, as companies look to develop and integrate robust climate change strategies into their overarching Environmental, Social and Governance (ESG) programs. ... Continue Reading »
Going Beyond Investments — The Role of Commercial Underwriting in the Climate Transition
The financial services industry is an accelerator in the transition to net-zero targets, for example, with the focus on the investment portfolios of institutional investors and bank lending. Progress includes the 95 percent European bank lending having a net-zero ambition aligned with the Paris Agreement. Some 70 percent of European traded equity is managed by asset managers ... Continue Reading »
Guy Carpenter Announces Senior Non-Marine Specialty Appointments
Guy Carpenter announced the appointments of James Johns as Managing Director, effective August 12, 2021, and Joshua O’Donoghue as Senior Vice President, effective November 8, 2021, within its Non-Marine Specialty division. ... Continue Reading »
The Five Pillars of People Risk
New research shows the greatest likelihood and impact of 25 workforce-related threats facing employers worldwide according to risk managers and human resource (HR) professionals. By hearing first hand from 744 risk and 637 HR professionals across the globe, Marsh learned which people risks will have the most severe impacts, and the barriers preventing firms from mitigating ... Continue Reading »
Get Ready For the Post-Pandemic Health Care Talent Revolution
The adoption of remote work in the health care industry had trailed other industries. Now, as some health care companies begin bouncing back after going fully remote in response to the pandemic, they’re becoming more employee-centric regarding work location and improving employee experience, according to Jim Fields, Partner of Health and Life Services at Oliver Wyman, and ... Continue Reading »
