Exogenous factors, such as geo-economic division, climate change and technological threats all pose a particular risk to MENA, but so, too, do hazards that are more regional in nature. According to respondents in the Middle East and North Africa to the World Economic Forum’s Executive Opinion Survey, the top two risks across the region for doing business are “energy price sho ... Continue Reading »
MENA
Global Technological Threats
Technology plays a profound role in shaping the global risks landscape in the near and longer term. Concerns about data fraud and cyberattacks were prominent again in the World Economic Forum's Global Risks Perception Survey, with 82 percent of respondents expecting cyberattacks in the form of theft of data or money and 80 percent expecting it in the form of disruptions of ... Continue Reading »
The Middle East and North Africa Risks Landscape
The results of climate inaction are becoming increasingly clear. The year 2018 was the fourth warmest on record (1). In the MENA region, Algeria had the hottest temperature - 51.3ºC - ever reliably recorded across the whole of Africa, and Oman recorded a minimum temperature of 42.6ºC (2). Rising temperatures led the United Nations to warn that melting ice sheets were causing s ... Continue Reading »
Guy Carpenter Appoints Paul Summers as Head of International Facultative Reinsurance
Guy Carpenter today announced that Paul Summers will be joining the company as Managing Director and Head of International Facultative Reinsurance, following completion of his current contractual notice period. He will assume this role from Massimo Reina, who will become Chairman of the division and will concentrate on his duties as CEO of Continental Europe & MENA. ... Continue Reading »
GC Capital Ideas Videocasts
A key feature of GC Capital Ideas is its Videocast series. Here we review recent video posts: ... Continue Reading »
Insured Cat Losses – Europe/Middle East/Africa – 2014
Insured losses for the regions encompassing Europe, the Middle East and Africa accounted for around 21 percent of global insured losses in 2014. The most significant events included the severe convective outbreak (hail and windstorm Ela) that affected areas including Germany, France, Belgium and Austria. A frontal boundary crossing the area initiated severe thunderstorms and ... Continue Reading »
Change in the Threat of Terrorism
In the Guy Carpenter Global Terrorism Report Uncertain Future: Evolving Terrorism Risk (1) we provide a comprehensive review and outlook of terrorism risk. Key components of the report are highlighted below. ... Continue Reading »
Review of MENA Insights GC Videocast
Here we review a recent series of GC Capital Ideas Videocast interviews with a panel of experts from the Middle East and North Africa (MENA) region. GC Videocast - MENA Insights: Nick Frankland, CEO, Guy Carpenter's EMEA Operations: Welcome to the beginning of a new series of video interviews with an esteemed panel of experts from the MENA region. The MENA Insights interviews, ... Continue Reading »
GC Videocast – MENA Insights Speaks To Guy Carpenter’s Chris Pleasant
In our fifth and final MENA Insights interview, Chris Pleasant, Managing Director of Guy Carpenter, offers an upbeat vision of the future. While the current soft market presents challenges, it belies the greater re/insurance opportunity ahead. As local insurance markets mature and the approach to reinsurance buying becomes more sophisticated, MENA will enter the next chapter of ... Continue Reading »
European Conference on Earthquake Engineering
The 15th European Conference on Earthquake Engineering will take place in Istanbul, Turkey, on August 24 - 29, 2014. This very important event is held every four years and brings together the most renowned experts on seismology, vulnerability, risk and structural and geotechnical engineering. The most recent advances in the field of hazard and risk assessment, loss estimation ... Continue Reading »
