Here we highlight the recent stories that GC Capital Ideas has presented on managing risks associated with climate change. ... Continue Reading »
risk management
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. As disaster losses escalate around the globe, the difference ... Continue Reading »
How Businesses Can Overcome Barriers to Achieving Climate Goals
As climate change and the associated increase in natural catastrophe events alters the contemporary risk landscape, there is now an opportunity for companies to partner with the (re)insurance market and put its expertise to work. According to a recent survey of hundreds of business executives and thought leaders, many are taking the right steps to reach their goals. However ... Continue Reading »
Parametric Insurance Can Boost Resilience for the Public Sector
In the wake of a natural disaster, traditional insurance can help restore insured assets to their status prior to the loss. It may not always be desirable, however, to restore a situation that led to a vulnerable state in the first place. The public may want — and need — to create new approaches to urban planning, construction or water management that leverage lessons from the d ... Continue Reading »
Global Risks for Infrastructure: The Climate Challenge
As climate change and the associated increase in natural catastrophe events alters the contemporary risk landscape, there is now an opportunity for governments to partner with the (re)insurance market and put its expertise to work. Infrastructure investors need to adopt a dynamic and evolving approach to building climate risk resilience, according to a recent report from ... Continue Reading »
Privacy First: Is Your Firm Seeing The Big Picture?
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. In this fast paced digital age, ... Continue Reading »
Adapting Cyber Incident Breach Response Plans for the Remote Workforce
The cyber (re)insurance sector is always evolving, and as COVID-19 upends how businesses interact with technology and workers around the country continue to operate from home offices, the reinsurance market sees a number of emerging trends that present both potential challenges and opportunities. Pre-pandemic, cyber incident breach response plans (CIBR) assumed the majority ... 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 Human Resources is a Key Stakeholder in Cyber Risk Management
The cyber space saw numerous developments during 2019, including new privacy regulations, systemic ransomware claims and increasing concern surrounding non-affirmative cyber in the underwriting community. Looking toward the remainder of 2020, Guy Carpenter sees a number of emerging trends that present both potential challenges and opportunities for our clients, particularly as ... Continue Reading »
Putting Data-Based Insights at the Core of Your COVID-19 Strategy
All segments of the reinsurance business are being affected by current events, and it is critical that companies provide colleagues with the support needed to move forward with their day-to-day activities. Looking toward the remainder of 2020, as COVID-19 upends how businesses interact with technology, the reinsurance market sees a number of emerging trends that present both ... Continue Reading »
