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 reserves
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 »
Exploring the Excess & Surplus Industry: E&S Market Update and Projections
The excess and surplus (E&S) lines segment of the insurance industry continues to be the essential market for risks for which the standard insurance market typically does not offer coverage. From extremely hazardous conditions to highly unique business operations and unproven new products, these unconventional risks are often complex and challenging. The E&S market's ... Continue Reading »
Industry in investor “sweet spot”
Richard Hewitt, Head of Business Intelligence, EMEA Contact Insurers bucking standard competitive cycle response Current dynamics look set to continue for long term in spite of recent catastrophe losses Investor appeal will remain strong ... Continue Reading »
Exploring the P&C Industry: Recent Market Dynamics and Industry Performance
The property and casualty (P&C) insurance industry continues to face economic and market-based challenges. New risks demand coverage; catastrophes are surfacing in unexpected ways and experience shifts are driving casualty lines' capital needs. In this current environment of disruption and dynamic innovation, managers must analyze all factors in order to adapt to changing ... Continue Reading »
Critical Tool for Making Strategic Enterprise Risk Management Decisions
Thomas Hettinger, Managing Director, Strategic Advisory Contact There are indications that new A.M. Best Stochastic Based BCAR factor assignments may require more capital for companies entering a new line of business than for established writers growing in that line Companies will be under extra pressure to choose growth strategies carefully because of potential capital ... Continue Reading »
For MPL, Market Softening Continues in 2016—Signs of Pressure Emerge
Steve Underdal, Managing Director; Greg Bliss, Managing Director; Matt Walter, Senior Vice President and Blake Berman, Senior Vice President Contact Since 2010, the medical professional liability (MPL) industry has been navigating a soft market, with declining profitability, diminished investment gains and rising accident year operating ratios. Yet, reserve redundancies have ... Continue Reading »
