In times of economic distress, (re)insurance is typically considered by investors to be a defensive sector. This view is well merited: it has less exposure to economic cycles than other industries and has a strong track record in navigating macroeconomic and capital crises. This is not to say the sector will be unaffected by the COVID-19 crisis. Access to capital has reduced ... Continue Reading »
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Building National Resilience: Fiscal and Financial Risks
As nations come to terms with their own circumstances, difficult choices will have to be made. Many of the challenges facing societies carry with them immense fiscal costs. Much of these costs fall to governments to address. The opportunity for closer collaboration between the private (re)insurance market and governments to address the direct challenges of catastrophe event ... Continue Reading »
Building National Resilience: Crisis Response Arrangements
Governments and public sector entities in 2020 are responsible for responding to a variety of increasingly interconnected risks, from the consequences of climate change to the economic fallout catalyzed by the COVID-19 pandemic. Guy Carpenter's subject matter experts are actively following the evolution of different risk factors across a wide range of sectors, and can provide ... Continue Reading »
Webinar: Cyber Risk in the COVID-19 Pandemic
Marsh & McLennan hosted a recent webinar where cyber experts from affiliates Guy Carpenter, Oliver Wyman and Marsh discussed the impacts of COVID-19 on the cyber threat landscape. The webinar, hosted by Siobhan O'Brien, Head of Guy Carpenter's International Cyber Center of Excellence, delves into how to manage through the immediate crisis, how to evaluate cyber risk and ... Continue Reading »
Environmental, Social and Governance (ESG) as a Workforce Strategy: Engaging Today’s Employees and Attracting Tomorrow’s Talent
Environmental, social, and governance (ESG) issues are no longer treated as an afterthought by companies. These issues are increasingly central to a firm’s reputation and financial performance and are scrutinized by an array of stakeholders including investors, ratings agencies and clients. ... Continue Reading »
Building National Resilience: Centralized Ownership
As the 2020 risk landscape continues to shift and the COVID-19 pandemic remains active heading into hurricane season, Guy Carpenter is collaborating with governments and other public-sector entities to address these and other national risks. Guy Carpenter-assisted public-private partnerships have already been brought to market to help alleviate the financial burden placed on ... Continue Reading »
Building National Resilience: Impact Analyses
The ongoing COVID-19 pandemic has illustrated how crucial it is for public sector entities to make use of the reinsurance industry's advisory capabilities when evaluating risks and their potential impacts. This is particularly important for governments seeking to draft contingency and response plans in the face of a crisis. Guy Carpenter is well positioned to work with ... Continue Reading »
How Will Climate Catastrophes Be Handled in the Face of Coronavirus?
A lot can change in three months. As the year got underway, climate change was widely viewed as the most serious threat to global prosperity. The annual risk perception survey of the 2020 Global Risks Report, published by the World Economic Forum in partnership with Guy Carpenter-affiliate Marsh & McLennan, saw climate-related risks dominate the rankings in terms of both ... Continue Reading »
The Marsh & McLennan Advantage Podcast: Climate Resilience in Focus
According to Guy Carpenter-affiliate Marsh & McLennan's 2020 Global Risks Perception Survey, climate change and related environmental issues are now the top concerns for companies and governments alike. Extreme weather events are putting an increasing strain on government finances and driving a reevaluation of how catastrophic events are funded. In the context of the ... Continue Reading »
Building National Resilience: A Strategic Framework For Determining Material Risks
As the risk landscape shifts and the devastation from pandemics and weather events are at the forefront of peoples’ minds, there is an opportunity and an imperative that governments and the (re)insurance industry find new means to partner. By leveraging risk management and risk transfer expertise, such partnerships can help communities build greater resilience and recover more q ... Continue Reading »
