Month in Review

1.Guy Carpenter and CyberCube Report Reveals Potential Impact of Cyber Catastrophe Scenarios on U.S. Cyber Insurance Industry:  Guy Carpenter and CyberCube Analytics released the findings of a joint report that explores the size and shape of potential cyber catastrophes and the resulting financial impact on the U.S. cyber insurance market. The report, “Looking Beyond the Cl ... Continue Reading »

1.Guy Carpenter Selected by CEA on Wildfire Fund Reinsurance and Risk Transfer Program: Guy Carpenter announced its appointment as the sole reinsurance intermediary for the newly formed California Wildfire Fund, which is currently being administered by the California Earthquake Authority. Read the article >> 2. Significant Wildfire Potential Outlook: Moving into the ... Continue Reading »

1. Chart: Significant Insured Losses – 2011 to Q2 2019 : Chart exhibits the significant insured losses from 2011 through the second quarter of this year. First-half 2019 losses are at levels below those experienced in first-half 2017 and 2018. View the chart >> 2.Searles Valley Earthquake Sequence: Mw 6.4 and Mw 7.1 Events : A pair of significant earthquakes struck t ... Continue Reading »

1. Insurance Risk Management 2025: Navigating The Digital Future: How could the insurance industry look in 2025, and what are the implications for the risk function? A video from Guy Carpenter affiliate Oliver Wyman offers a futuristic glimpse of a rapidly evolving industry. View the video >> 2. 2019 Terrorism Risk Insurance Report: Terrorism remains a dynamic glob ... Continue Reading »

1. Chart: Combined Ratio For Guy Carpenter Reinsurance Composite, Year-End 2018: Chart presents combined ratio of the Guy Carpenter Global Reinsurance Composite, 2005 through year-end 2018. View the chart >> 2. A Risk Overview Of Wildfire: Today, the frequency and severity of wildfires are garnering greater attention - not only from the media, but also from ... Continue Reading »

1. Are You at Risk? Managing Affirmative and Silent Cyber Risk Accumulation: The script of the global cyber insurance market is still mainly being written in the United States. Approximately 85 percent of global cyber insurance premiums of between USD 2.5 and 3.5 billion are generated in the United States. The take-up rate for this line of business in Asia is still relatively ... Continue Reading »

1. Chart: Evolution Of The Sidecar Market: Chart presents the evolution of sidecar capacity compared with the Global Property Catastrophe ROL Index, 2005 - 2018. View the chart >> 2. Building For Resilience: How To Avoid A Catastrophe Model Failure: Since commercial catastrophe (CAT) models were first introduced in the 1980s, they have evolved as new scientific d ... Continue Reading »

1. Chart: Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on Line index is presented for the years 1990 through 2019. View the chart >> 2. Building for Resilience: How to Avoid a Catastrophe Model Failure: Since commercial catastrophe (CAT) models were first introduced in the 1980s, they have evolved as new scientific ... Continue Reading »

1. Reinsurance Rate Movement Limited at January 1 Despite Uncertainty over Pricing Adequacy and Available Capital: The overall impact of catastrophe losses on property rates was muted at the January 1, 2019 reinsurance renewals, but the fourth highest annual catastrophe loss year on record did create questions over pricing adequacy, underwriting strategy and the amount of ... Continue Reading »

1. Cost of Capital and its Use in Valuing Reinsurance: Increasingly, reinsurance is seen as an important element of capital management. Reinsurance decisions are moving away from the reinsurance buyer and towards the finance teams. These teams need to find a way of comparing reinsurance in a straightforward way. Defining the cost of capital for reinsurance means that it can be ... Continue Reading »