Virtually all catastrophe models are based on three fundamental components: hazard, vulnerability and financial impact. The hazard component describes the full range of risk by incorporating information on thousands of possible events simulated by extrapolating data from historical observations, according to Guy Carpenter colleagues Narathip Sutchiewcharn, Senior Vice President ... Continue Reading »
modeling
Guy Carpenter Announces Senior Appointment to Further Strengthen Property Catastrophe Value Proposition
Guy Carpenter today announced the appointment of Paul Miller to lead Guy Carpenter’s Property Catastrophe value proposition for UK, Global Specialties and key global clients, effective September 2021. ... Continue Reading »
Why We Need Community-Based Catastrophe Insurance
The impacts of COVID-19 on individuals, communities and insurers are continuing to unfold and no doubt present uncertainty. However, the current disruption also serves to highlight the importance of lessening reliance on federal financial relief and, instead, creating financial resilience at the community level. ... Continue Reading »
Why We Need Community-Based Catastrophe Insurance
The impacts of COVID-19 on individuals, communities and insurers are continuing to unfold and no doubt present uncertainty. However, the current disruption also serves to highlight the importance of lessening reliance on federal financial relief and, instead, creating financial resilience at the community level. ... Continue Reading »
2020 Western North Pacific Tropical Cyclone Predictions: Details of Findings
The Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC) at the School of Energy and Environment, City University of Hong Kong, has released its 2020 predictions for tropical cyclone formations and landfalls using a regional climate model focusing on East Asia. This model uses information from a global climate prediction model made available in March 2020. ... Continue Reading »
COVID-19: The View From the Marketplace
As we learn more about the COVID-19 virus, societal responses and vaccine development, our collective knowledge continues to develop. Throughout this time, Guy Carpenter is continually connecting with our clients and business associates to gather the key questions health insurers are asking along with the range of potential outcomes. ... Continue Reading »
Pandemic Navigator Insight Series: The Great Balancing Act
The reinsurance industry is at the forefront of conversations to create a forward-looking solution for pandemic risk in conjunction with policyholders, insurance markets and key policymakers, and Guy Carpenter is fortunate to be able to collaborate with affiliate Oliver Wyman on these efforts. Welcome to the second installment of the Oliver Wyman Pandemic Navigator Insight ... Continue Reading »
2020 Western North Pacific Tropical Cyclone Predictions
The Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC) at the School of Energy and Environment, City University of Hong Kong, has released its 2020 predictions for tropical cyclone formations and landfalls using a regional climate model focusing on East Asia. This model uses information from a global climate prediction model made available in March 2020. ... Continue Reading »
Guy Carpenter Enters Exclusive Strategic Agreement with Synthetik to Enhance Terrorism Modeling Capabilities
Guy Carpenter announced today that it has entered into an exclusive multi-year agreement with Synthetik to further enhance its proprietary terrorism modeling product, Sunstone®. ... Continue Reading »
Observe, Orient, Decide, Act: COVID-19 Pandemic Navigator Insights Series
The world is being flooded with data and models attempting to predict how the COVID-19 pandemic will impact healthcare systems and economies. Unfortunately, trying to create static point estimates — whether that is active cases, lockdowns, gross domestic product, recovery rates — is a fool’s errand at this point in time. This can be seen in the wild disparity in estimates from e ... Continue Reading »
