As the human and economic costs of COVID-19 continue to mount, reinsurers are working with government entities and healthcare executives on how to mitigate the impacts of the virus on the sector. The growing use of telemedicine and capacity constraints within healthcare systems could potentially dull utilization increases; however, the financial costs will still be significant. ... Continue Reading »
macroeconomic
How America’s Insurance System Can Prepare For a Future Pandemic
The insurance industry, policyholders and governments throughout the world must come together on an approach that offers relief to those who need it now and develop a plan to implement mitigation strategies and a response mechanism for future pandemic events. The scale of this exposure is immense and far beyond the financial capabilities of the insurance industry alone. A ... Continue Reading »
A Changing Landscape: How Unemployment Will Impact the Way We Access Health Insurance
Over 40 million Americans have filed for unemployment insurance since mid-March. (1) While the weekly number of new unemployment insurance filings continues to decline, the total number of job losses across the United States has already reached unprecedented levels and the labor market outlook is far from certain. ... Continue Reading »
Pandemic Navigator Insight Series: The Great Balancing Act
The reinsurance industry is at the forefront of conversations to create a forward-looking solution for pandemic risk in conjunction with policyholders, insurance markets and key policymakers, and Guy Carpenter is fortunate to be able to collaborate with affiliate Oliver Wyman on these efforts. Welcome to the second installment of the Oliver Wyman Pandemic Navigator Insight ... Continue Reading »
Pandemic Risk Protection: Accelerate Recovery and Build Resilience Now Through Public-Private Partnership
The insurance industry, policyholders and governments throughout the world must come together on an approach that offers relief to those who need it now and develop a plan to implement mitigation strategies and a response mechanism for future pandemic events. The scale of this exposure is immense and far beyond the financial capabilities of the insurance industry alone. A ... Continue Reading »
Lockdown 4.0 and Beyond: A Recovering India
The reinsurance market’s ability and desire to innovate has seen it emerge as a capable private partner for public sector risk at a time when governments worldwide are looking to transfer risks from public to private balance sheets. Effective risk transfer and mitigation strategies within the public sector will play a crucial role in offsetting wide ranging financial and s ... Continue Reading »
Review of Asia Pacific Insights on GC Capital Ideas
Here we present a recap of recent stories from GC Capital Ideas focusing on the healthcare industry and public sector responses to the COVID-19 pandemic in the Asia-Pacific region. ... Continue Reading »
Risk Appetite: Altering Philosophies in Uncertain Times
The global economy finds itself in a state of uncertainty in the face of the novel coronavirus (COVID-19), with S&P Global now forecasting a global recession this year, according to a briefing from Guy Carpenter-affiliate Marsh. (1) ... Continue Reading »
COVID-19’s Impact on the U.S. Debit Market
COVID-19 is a black swan event, a global pandemic unlike any event in the past century. It has significantly impacted the U.S. economy and, with it, the U.S. debit market. Transactions plummeted 25-30 percent in mid-March as shelter-in-place rules went into effect and businesses closed. ... Continue Reading »
Healthcare 2030: Four Economic Scenarios
Looking back on how the healthcare industry has progressed over the last two decades, U.S. healthcare now comprises 18 percent of total gross domestic product, up 13 percent from twenty years ago. The composition of that spending has remained (remarkably) stable since 1960, with 38 percent to hospitals, 23 percent to physician services, and 12 percent to prescription drugs. ... Continue Reading »
