Parametric covers are alternative risk solutions provided by insurance and reinsurance companies that enable organizations to finance or to transfer risk in a non-traditional way. Coverage is triggered based on reaching specific thresholds such as sustained winds of a set speed in miles per hour, providing important protection to pave the way toward recovery from weather ... Continue Reading »
Marsh McLennan
Flood Risk Index Provides Global Overview
The Marsh McLennan Flood Risk Index provides key information on the likelihood, vulnerability and severity of flood exposure for countries throughout the world. It is accessible through a highly intuitive navigator that visualizes the results on an interactive world map. The index makes it easy to compare scores between two countries, one country and the world average, and ... Continue Reading »
Flood Peril in the Wake of Climate Change
Here we bring together recent GC Capital Ideas posts covering the flood peril, as risks increase due to climate change and increasing population growth in flood-prone areas. Sunk Costs: The Socioeconomic Impacts of Flooding: Flooding is the most pervasive natural disaster in the world. Since 1980, floods have killed over 250,000 people and caused over USD 1 trillion in ... Continue Reading »
Guy Carpenter Launches Suite of Climate Advisory and Modeling Services
Guy Carpenter announced the launch of a suite of climate advisory and modeling services, as companies look to develop and integrate robust climate change strategies into their overarching Environmental, Social and Governance (ESG) programs. ... Continue Reading »
Sunk Costs: The Socioeconomic Impacts of Flooding
Flooding is the most pervasive natural disaster in the world. Since 1980, floods have killed over 250,000 people and caused over USD 1 trillion in damage, accounting for about 40 percent of natural catastrophe losses. Risks are increasing due to climate change and the growth of populations and economic activity in flood prone areas. This has implications for prosperity and ... Continue Reading »
Climate Health Threat Illustrator
Climate change is increasing health risks and costs for people and businesses worldwide — and its effects will intensify over time. Disease burden and disparities are likely to worsen, and two out of three major cities expect climate change to seriously compromise their public health assets and services. ... Continue Reading »
Recent Healthcare Highlights on GC Capital Ideas
The societal, operational and human costs associated with COVID-19 are prominent in our thoughts, discussions and efforts. While these costs are undoubtedly high, health insurers and reinsurers are also closely monitoring the direct and indirect financial impact of the virus. Digital Tools Promise Much for Mental Health — But They Are Not a Panacea: A recent report from ... Continue Reading »
Running Hot: Accelerating Europe’s Path to Paris
Europe's companies are reporting impressive progress in their action on climate change – but not yet nearly the progress required to hit the 1.5°C target of the Paris agreement. ... Continue Reading »
Digital Tools Promise Much for Mental Health — But They Are Not a Panacea
Prior to COVID-19, the (re)insurance industry was already facing a range of challenges. The widespread impact of a global lockdown added to this challenging market and created the potential for even greater volatility. For an industry founded on the principles of diversification, we are now grappling with the implication of the first globally systemic insurance ... Continue Reading »
Community-Based Catastrophe Insurance: Closing the Gap for Disaster Protection
A new report from Guy Carpenter, Marsh & McLennan Advantage, and the Wharton Risk Management and Decision Processes Center, Community-Based Catastrophe Insurance: A Model for Closing the Disaster Protection Gap, sets out an innovative model to deliver insurance and help communities close the disaster protection gap. ... Continue Reading »
