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 »
Marsh & McLennan Cos
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 »
Podcast: Risk & Resilience in the Time of COVID-19
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 »
Boards Must Focus On The Horizon: How to Best Position for COVID Recovery
The human costs associated with COVID-19 are prominent in our thoughts, discussions and efforts at Guy Carpenter. While COVID-19 has placed a tremendous burden on businesses, the reinsurance industry is closely monitoring the direct and indirect financial impacts of the virus, and advising board members and executive committees on how companies can effectively mitigate the ... 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: Winning the Digital Transformation Race
While the new disruptive InsurTech companies were initially written off by carriers, citing woefully unprofitable combined ratios, they are trending positively and could soon see underwriting profits. Most recently, given the thousands of companies who have entered the market in the last five years, the focus is on partnerships in various forms. Incumbents are utilizing ... Continue Reading »
Review of Climate Change Risks on GC Capital Ideas
Here we highlight the recent stories that GC Capital Ideas has presented on managing risks associated with climate change. ... Continue Reading »
COVID-19 Risks Outlook: A Preliminary Mapping and Its Implications
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 »
