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. After a flood event, companies need to take into account both the short-term imperatives to get up and running quickly and the longer-term need ... Continue Reading »
risk management
Lockdown 4.0 and Beyond: A Recovering India
The reinsurance market’s ability and desire to innovate has seen it emerge as a capable private partner for public sector risk at a time when governments worldwide are looking to transfer risks from public to private balance sheets. Effective risk transfer and mitigation strategies within the public sector will play a crucial role in offsetting wide ranging financial and s ... Continue Reading »
Risk Appetite: Altering Philosophies in Uncertain Times
The global economy finds itself in a state of uncertainty in the face of the novel coronavirus (COVID-19), with S&P Global now forecasting a global recession this year, according to a briefing from Guy Carpenter-affiliate Marsh. (1) ... Continue Reading »
Financial Market Resilience: Three Waves of Action for Market Infrastructure Firms in the Aftermath of COVID-19
COVID-19 will play a crucial role in defining how financial market infrastructure evolves over the next decade. In a new report, Guy Carpenter-affiliate Oliver Wyman outlines three waves of management action to help navigate the challenges ahead. The report was written by Oliver Wyman Partners Hiten Patel, Daniela Peterhoff, Michael Wagner and Tobias Wuergler and Principal ... Continue Reading »
Building National Resilience: Broader Policy Opportunities
As technology evolves, countries face both new opportunities and new risks. Among the most complex and multi-faceted risks for societies today are those related to cyberattacks, which are extremely dynamic in nature and can be devastating to governments, health systems and individuals alike. By partnering with reinsurers, governments can leverage the new technologies at the ... Continue Reading »
COVID-19 Risks Outlook: A Preliminary Mapping and Its Implications
In times of economic distress, (re)insurance is typically considered by investors to be a defensive sector. This view is well merited: it has less exposure to economic cycles than other industries and has a strong track record in navigating macroeconomic and capital crises. This is not to say the sector will be unaffected by the COVID-19 crisis. Access to capital has reduced ... Continue Reading »
Webinar: Cyber Risk in the COVID-19 Pandemic
Marsh & McLennan hosted a recent webinar where cyber experts from affiliates Guy Carpenter, Oliver Wyman and Marsh discussed the impacts of COVID-19 on the cyber threat landscape. The webinar, hosted by Siobhan O'Brien, Head of Guy Carpenter's International Cyber Center of Excellence, delves into how to manage through the immediate crisis, how to evaluate cyber risk and ... 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 »
Building National Resilience: Impact Analyses
The ongoing COVID-19 pandemic has illustrated how crucial it is for public sector entities to make use of the reinsurance industry's advisory capabilities when evaluating risks and their potential impacts. This is particularly important for governments seeking to draft contingency and response plans in the face of a crisis. Guy Carpenter is well positioned to work with ... 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 »
