Ransomware has progressively become a loss trend across the cyber industry, with pricing strategies being recalibrated to account for this growing risk. Guy Carpenter is working closely with our clients to share updates on the threat landscape, deliver cyber industry insights, construct relevant modeling scenarios, and design reinsurance placements to protect these portfolios. ... Continue Reading »
Marsh
Going Beyond Investments — The Role of Commercial Underwriting in the Climate Transition
The financial services industry is an accelerator in the transition to net-zero targets, for example, with the focus on the investment portfolios of institutional investors and bank lending. Progress includes the 95 percent European bank lending having a net-zero ambition aligned with the Paris Agreement. Some 70 percent of European traded equity is managed by asset managers ... Continue Reading »
The Five Pillars of People Risk
New research shows the greatest likelihood and impact of 25 workforce-related threats facing employers worldwide according to risk managers and human resource (HR) professionals. By hearing first hand from 744 risk and 637 HR professionals across the globe, Marsh learned which people risks will have the most severe impacts, and the barriers preventing firms from mitigating ... Continue Reading »
Three Major Political and Credit Risks Amid Pandemic Recovery
COVID-19’s impacts are too wide-ranging for any one sector to carry the risks alone, and some sort of mechanism with government participation needs to be put in place. As governments continue to implement fiscal and monetary policies in response to COVID-19, country-level economic risks are growing across all regions, according to Marsh Specialty’s Political Risk Map 2021. ... Continue Reading »
Video: Captive Trends and Data – What You Should Know
The use of captive insurance companies grew significantly in 2020, and there are no signs of it slowing down in 2021. The webinar and accompanying slide deck from Marsh McLennan business Marsh highlight the record number of companies that formed a captive last year, how they are using them and what's ahead for the captive industry. ... Continue Reading »
Global Insurance Markets: Pricing Increases Moderate in First Quarter
Global commercial insurance prices increased 18 percent in the first quarter of 2021. The quarter is the first to show a fall in the average rate of increase since the first rise in global rates in the fourth quarter of 2017. It follows year-on-year average increases of 22 percent in the fourth quarter and 20 percent in the third quarter of 2020. This data comes from the latest ... Continue Reading »
Legionella: Risks during Lockdown and Re-Opening Safely
The COVID-19 situation is changing on a daily basis, and while the total impact to the insurance and reinsurance markets remains unknown, Guy Carpenter is advising clients in the space on how to best adapt to the circumstances. As COVID-19 continues to upend how businesses interact with technology and workers around the country continue to operate from home offices, the ... Continue Reading »
COVID-19: Considerations for Agency Staffing in the Healthcare Sector
As the COVID-19 pandemic and concerns surrounding a second wave of infections continue through autumn, public health concerns remain a top priority for people both in and outside the healthcare industry and Guy Carpenter is actively working with healthcare executives on how to mitigate the impacts of the virus on the sector. ... Continue Reading »
The Care Sector: How are Insurance Markets Responding to COVID-19?
As the COVID-19 pandemic and concerns surrounding a second wave of infections continue through autumn, public health concerns remain a top priority for people both in and outside the healthcare industry and Guy Carpenter is actively working with healthcare executives on how to mitigate the impacts of the virus on the sector. ... Continue Reading »
Can Employers Require Their Employees to be Vaccinated?
As the COVID-19 pandemic continues through the fall, public health concerns remain of the utmost importance. The reinsurance industry is well-positioned to advise clients on how to respond to the ongoing effects of COVID-19, and Guy Carpenter is actively developing a view of how COVID-19 may impact businesses as employees begin returning to their offices. ... Continue Reading »
