The Global Risks Report 2017, produced by the World Economic Forum with support from Marsh & McLennan Companies and other partners, was published this week. Now in its twelfth edition, the report provides insights into the key global risks facing businesses as well as the collective view of risk experts in all sectors as to the most significant threats to global prosperity ... Continue Reading »
political risk
The Impact of Catastrophe Exposure to Public Entities
Here we review GC Capital Ideas posts on how catastrophic exposures are adversely impacting public entities. ... Continue Reading »
Growing Public Sector Debt
Many governments today are straining under public debt and many of the most catastrophically exposed governments are in the worst financial position. This is particularly true for countries exposed to the perils of flood, tropical cyclone and earthquake. Compounding this situation are demographic and economic trends that are adding additional pressure on already stressed ... Continue Reading »
Marsh and McLennan Companies, in Collaboration With the World Economic Forum, Publish the 11th Annual Global Risks Report
Disruptive shifts in technology, geopolitics, societal expectations, and economic patterns are creating instabilities that are directly impacting events in the world today. The World Economic Forum's eleventh Global Risks Report highlights the issues that will exacerbate volatility and uncertainty over the next decade - while also presenting opportunities for governments and ... Continue Reading »
Reevaluation of Terrorism Risk and Coverage Prompted by Global Unrest and Political Instability
The dramatic rise in political instability and civil unrest across the globe, including uprisings in the Middle East and protests in Greece and Spain, has triggered a significant shift in the nature of terrorism risk and has highlighted the need for tailored terrorism and political violence protection, according to "Tensions Building: the Changing Nature of Terrorism Risk and ... Continue Reading »
Terrorism (Re)Insurance Market Today
David Flandro, Global Head of Business Intelligence, Julian Alovisi, Assistant Vice President, Lucy Dalimonte, Senior Vice President, Ellen Rieder, Managing Director and Emma Karhan, Senior Vice President Contact The unrest around the world outlined earlier in the report has begun to impact the terror (re)insurance market, not only with regard to supply and demand but also in ... Continue Reading »
Global Unrest and Political Instability Prompts Reevaluation of Terrorism Risk and Coverage
The dramatic rise in political instability and civil unrest across the globe, including uprisings in the Middle East and protests in Greece and Spain, has triggered a significant shift in the nature of terrorism risk and has highlighted the need for tailored terrorism and political violence protection, according to a new report on global terrorism and the terror reinsurance ... Continue Reading »
January 2012 Reinsurance Renewal: Credit, Bond & Political Risk
In the credit and bond primary market, rates are flat, but these are not rate-driven classes. In political risk and especially structured credit, rates are under considerable upwards pressure for obvious reasons. The outlook for 2012 is turbulent, given the prevailing macroeconomic uncertainty and instability around the world. Loss ratios are quite likely to increase. ... Continue Reading »
Chart: Specialty Lines – Typical Excess of Loss Rate Changes at the January 1 Renewal
Click here to view additional charts in GC Capital Ideas' Chart Room >> Click here to register to receive e-mail updates >> ... Continue Reading »
2011 Reinsurance Renewal Rates: Global Credit, Bond and Political Risk
Loss experience defined the credit, bond and political risk reinsurance renewal, with loss-free programs securing significant rate declines and those affected seeing steep increases. Reinsurance rates on loss-free working layers fell 20 percent on average, while those with losses saw increases of 15 percent to 25 percent, depending on severity. Rate increases were slight for ... Continue Reading »
