In a recent conversation with The Insurer, Christopher Ross, Managing Director, Guy Carpenter, identified three primary trends influencing in longer-tail classes: social inflation, the impact of large catastrophe-type claims and the unreconciled nature of claims in occurrence-based policies. ... Continue Reading »
loss reserves
The Changing Nature of Risk – Casualty Dynamics: Part II
The (re)insurance market is grappling with some key uncertainties that impact not only go-forward underwriting and pricing strategies, but also capital strategies for both servicing the legacy portfolio as well as growth as the market hardens, according to Christopher Ross, Managing Director, Guy Carpenter. ... Continue Reading »
The Changing Nature of Risk – Casualty Dynamics: Part I
History shows that the insurance market is cyclical, and this is especially true for casualty lines of business. As long-tail casualty lines, the ultimate profitability of a year is not known for many years as changing loss trends and causes may not be recognized until it is too late to protect against adverse development. ... Continue Reading »
Loss Reserve Protection Covers: Solutions for Achieving Capital Optimization
The COVID-19 pandemic clearly presents significant challenges to insurers, but it is also becoming increasingly clear that (re)insurers are likely entering a far more favorable underwriting environment. After years of relative stability brought about by strong capitalization, the landscape for the sector has undeniably changed, with pressure on the asset side of balance sheets ... Continue Reading »
Loss Reserve Protection Covers: Solutions for Achieving Capital Optimization
The COVID-19 pandemic clearly presents significant challenges to insurers, but it is also becoming increasingly clear that (re)insurers are likely entering a far more favorable underwriting environment. After years of relative stability brought about by strong capitalization, the landscape for the sector has undeniably changed, with pressure on the asset side of balance sheets ... Continue Reading »
Loss Reserve Protection Covers: Amid an Unprecedented Confluence of Headwinds, Solutions for Achieving Capital Optimization
The COVID-19 pandemic clearly presents significant challenges to insurers, but it is also becoming increasingly clear that (re)insurers are likely entering a far more favorable underwriting environment. After years of relative stability brought about by strong capitalization, the landscape for the sector has undeniably changed, with pressure on the asset side of balance sheets ... Continue Reading »
Emerging From the Shadows: Casualty
Casualty (re)insurance is often overshadowed by developments in property lines. As the last two years have shown, the human impact and devastating damage caused by catastrophes such as hurricanes, typhoons, wildfires and earthquakes tend to dominate the headlines, according to Julian Alovisi, Head of Research and Publications, Guy Carpenter. The casualty market rarely gets ... Continue Reading »
A Strategy for Market Volatility: Portfolio Optimization – GC@BB Commentary
Jay Dhru, Global Head of Business Intelligence; Matthew Day, Managing Director; Jack Snyder, Managing Director, Ratings Advisory Contact Rising loss costs and expenses consume an ever larger portion of reserves Optimized portfolio construction as vital as upfront underwriting of a risk Excess capacity is pressuring insurers’ underwriting profitability ... Continue Reading »
Recent Thought Leadership From Guy Carpenter – Part I
Here we present a recap of recent thought leadership from Guy Carpenter. Keeping the MGA sector buoyant as it is being challenged from increasing licensing, regulatory, and conduct risk requirements Designing data-driven execution plans across four critical areas to enable growth Strategizing for market volatility from excess capacity and rising loss costs and expenses ... Continue Reading »
A Strategy for Market Volatility: Portfolio Optimization – GC@MC Commentary
Jay Dhru, Global Head of Business Intelligence; Matthew Day, Managing Director; Jack Snyder, Managing Director, Ratings Advisory Contact Rising loss costs and expenses consume an ever larger portion of reserves Optimized portfolio construction as vital as upfront underwriting of a risk Excess capacity is pressuring insurers’ underwriting profitability ... Continue Reading »
