Businesses continue to embrace technological innovation despite the fact that doing so may lead to the emergence of new and unforeseen risks. As cyber risk is one of the most swiftly evolving perils in the reinsurance industry, carriers should carefully manage the exposures – and not only for competitive advantage. As regulators formalize capital requirements and qualitative m ... Continue Reading »
Marsh & McLennan Cos
Video: What Governments Can Do to Identify and Build Resilience Against Climate Risks
Climate change risk is, by its very nature, massively disruptive, and nations are responsible for an increasing share of the costs as communities and businesses rely more and more on state natural disaster relief. Put simply, insurance penetration is falling behind rising loss trends, and the situation is only going to deteriorate going forward, especially as climate change ... Continue Reading »
Update: How Will Climate Catastrophes Be Handled in the Face of Coronavirus?
In recent years, the reinsurance market has established itself as a capable private partner for the public sector, as illustrated in its response to major events over the past 30 years. The sector remains well capitalized, and the expertise developed over decades of dealing with market-changing events, including those related to climate change, puts it in an unrivalled position ... Continue Reading »
2020 Marsh & McLennan Climate Resilience Handbook
Climate change risk is, by its very nature, massively disruptive, and nations are responsible for an increasing share of the costs as communities and businesses rely more and more on state natural disaster relief. Put simply, insurance penetration is falling behind rising loss trends, and the situation is only going to deteriorate going forward, especially as climate change ... Continue Reading »
Digital Tools Can Help Reopen Workplaces Safely, If Businesses Mitigate Risks
The cyber (re)insurance space is constantly developing, and as COVID-19 alters the way businesses interact with technology and workers around the country slowly return to work after months of operating from home offices, the reinsurance market sees a number of emerging trends that present both potential challenges and opportunities. While COVID-19 remains a threat worldwide, ... Continue Reading »
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 »
Webinar: Cyber Risk in the COVID-19 Pandemic
The cyber space saw numerous developments during 2019, including new privacy regulations, systemic ransomware claims and increasing concern surrounding non-affirmative cyber in the underwriting community. Looking toward the remainder of 2020, Guy Carpenter sees a number of emerging trends that present both potential challenges and opportunities for our clients, particularly as ... Continue Reading »
Podcast: Lessons Learned – California Health During COVID-19
Over 40 million Americans have filed for unemployment insurance since mid-March. 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. The third episode of The Marsh & McLennan Advantage Podcast ... Continue Reading »
Governance Challenges 2020: Strengthening The Board’s Role In Strategy Development and Execution
As businesses seek to address both immediate and long-term risks, the reinsurance industry is at the forefront of conversations to create forward-looking solutions in conjunction with policyholders, insurance markets and key policymakers. The National Association of Corporate Directors (NACD) recently released its 2020 edition of Governance Challenges in collaboration with ... Continue Reading »
COVID-19: Insights, Perspectives & Tools
Crises are often (mis)characterized as “unprecedented,” but the word is entirely appropriate to describe the societal and economic fallout from the COVID-19 pandemic. ... Continue Reading »
