The goals of Lloyd’s and global regulators are to safeguard the sustainability of the insurance market, provide contract certainty for clients and drive innovation of new cyber products to fill the evolving needs of clients, according to Guy Carpenter colleagues Siobhan O’Brien, International Cyber Center of Excellence Leader, and Erica Davis, North America Cyber Center of Exc ... Continue Reading »
Regulation
Two Years On, General Data Protection Regulation Continues to Shape Global Data Privacy Regulation
As a sector intrinsically tied to digital technology, cyber insurance is known for its dynamic and evolving nature. In 2019, the cyber insurance industry began to grapple with multiple headwinds including record General Data Protection Regulation (GDPR) fines, the introduction of new privacy regulations and systemic ransomware claims. When the European Union GDPR took effect ... Continue Reading »
Key Investment Ideas For Insurers For 2020 and Beyond
In times of economic distress, (re)insurance is typically considered by investors to be a defensive sector. This is not to say the sector will be unaffected by the COVID-19 crisis. Access to capital has reduced while carriers’ assets have clearly been hit by lower interest rates, wider credit spreads and an equity crash. A fall back into recession will also hinder growth o ... Continue Reading »
Employment Liability Claims Set to Rise With COVID-19
As the COVID-19 pandemic continues into the summer, public health concerns are of the utmost importance, and Guy Carpenter is actively developing a view of how COVID-19 may impact businesses as employees begin returning to their offices. And as business activity ramps up from COVID-19-related restrictions, companies are determining just how they will create a safe space for ... Continue Reading »
Population Health is Now Public Health
As the COVID-19 pandemic continues into the summer, public health concerns are at the forefront of everyone's mind and Guy Carpenter is actively developing a view of how COVID-19 may impact the healthcare industry and the medical (re)insurance market. Providers and hospitals, whose contact tracing activities before COVID-19 historically focused quite narrowly on provider ... 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 »
Cyber Risk Outlooks for 2020 and Beyond
Much transpired in the cyber space in 2019 – record General Data Protection Regulation (GDPR) fines, the introduction of new privacy regulations, systemic ransomware claims, debate around the war exclusion and increasing concern surrounding non-affirmative cyber in the underwriting community. Looking toward the remainder of 2020, we see a number of emerging trends that present b ... Continue Reading »
What a New Member Mix Means for Payers
As Guy Carpenter helps clients, the societal, operational and human costs associated with COVID-19 are primary in our thoughts, discussions and efforts. While these costs are undoubtedly high, health insurers and reinsurers are also closely monitoring the direct and indirect financial impact of the virus, including the potential ramifications of growing ... Continue Reading »
Building National Resilience: Centralized Ownership
As the 2020 risk landscape continues to shift and the COVID-19 pandemic remains active heading into hurricane season, Guy Carpenter is collaborating with governments and other public-sector entities to address these and other national risks. Guy Carpenter-assisted public-private partnerships have already been brought to market to help alleviate the financial burden placed on ... Continue Reading »
The Marsh & McLennan Advantage Podcast: Climate Resilience in Focus
According to Guy Carpenter-affiliate Marsh & McLennan's 2020 Global Risks Perception Survey, climate change and related environmental issues are now the top concerns for companies and governments alike. Extreme weather events are putting an increasing strain on government finances and driving a reevaluation of how catastrophic events are funded. In the context of the ... Continue Reading »
