Top
Guy Carpenter
GC Capital Ideas
Home / Archives for risk management

risk management

Webcast: Emerging Management Liability Hurdles in Health Care

As the COVID-19 pandemic and concerns surrounding a second wave continue through autumn, public health concerns remain a top priority for people both in and outside the healthcare industry and Guy Carpenter is actively working with healthcare executives on how to mitigate the impacts of the virus on the sector. Pricing and capacity are radically changing for management ... Continue Reading »

Protecting the Public Purse: The Role of Public-Private Partnerships in a Warmer World

In light of COVID-19, the 26th United Nations Climate Change Conference of the Parties (COP26) – the most significant climate summit since the 2015 signing of the Paris Agreement – was postponed. However, this does not signify that climate change has been knocked off the agenda. In fact, critical momentum around this issue continues to build, according to Ruth Lux, Head of Pub ... Continue Reading »

Ripples of COVID-19: What Concerns Business Leaders for the Decade to Come?

Despite pandemic risk being a known threat, COVID-19 has introduced significant uncertainty into the (re)insurance market. Who could have predicted at the turn of the year that, within three months, governments worldwide would simultaneously impose quarantines, travel restrictions, business closures and a variety of other measures in an attempt to mitigate the spread of a ... Continue Reading »

Wildfire: Understanding and Modeling the Risk

A confluence of excessive heat and lack of precipitation has led to a dangerous wildfire situation in the western United States. As of late September, 75 percent of the western region is in a state of moderate to exceptional drought. The drought, combined with high winds and lightning activity, precipitated the ignition and rapid spread of over 70 large fires in California, ... Continue Reading »

The Changing Nature of Risk

There is an old adage that “adversity builds character.” However, before adversity builds character, it reveals character, and the numerous catastrophes that have occurred over the last several years combined with the ongoing pandemic have clearly revealed the character of the insurance industry. ... 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 »

Pandemic Poses a New Catastrophe Paradigm: Part I

This time last year, Guy Carpenter released a report titled The Changing Nature of Risk. The premise of the paper was based around the growing complexity of risk, and the opportunities and challenges confronting the (re)insurance sector as it navigates one of the most significant periods of change in recent times. Although written in the context of loss accumulation, the ... Continue Reading »

How Overlooking Climate Change Could Become a Personal Liability

Reinsurers are well-placed to advise clients on responding to climate change risk. 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. Climate change is complicating two of the most important board ... Continue Reading »