While the new disruptive InsurTech companies were initially written off by carriers, citing woefully unprofitable combined ratios, they are trending positively and could soon see underwriting profits. COVID-19 is pushing companies to lean increasingly on technology, and incumbents are utilizing advanced data, analytics and technology capabilities in software and ... Continue Reading »
Talent
Digital Tools Can Help Reopen Workplaces Safely, If Businesses Mitigate Risks
The cyber (re)insurance space is constantly developing, and as COVID-19 alters the way businesses interact with technology and workers around the country slowly return to work after months of operating from home offices, the reinsurance market sees a number of emerging trends that present both potential challenges and opportunities. While COVID-19 remains a threat worldwide, ... Continue Reading »
How to Be a Leader in the New World of Work
As businesses seek to address both the immediate and long-term effects of COVID-19 on their operations, 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 corporate executives. Amid the heartbreaking toll of the global pandemic, organizations are ... Continue Reading »
Podcast: Planning a Safe Return to Work With Pandemic Navigator
All segments of Guy Carpenter's 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. The ability of intelligence technology (IT), human resources and management to respond so effectively to this unprecedented situation by pivoting almost immediately to ... 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 »
Diversity is Key to a Successful Business
To tackle gender and diversity issues, corporate commitment goes a long way. Guy Carpenter has been at the forefront of this change, instituting policies that encourage, nurture, and ensure diversity in the workplace. “Our goal is to have a workforce that is representative of the society that we live in. We look at ways to unlock the full potential of our workforce by c ... Continue Reading »
Environmental, Social and Governance (ESG) as a Workforce Strategy: Engaging Today’s Employees and Attracting Tomorrow’s Talent
Environmental, social, and governance (ESG) issues are no longer treated as an afterthought by companies. These issues are increasingly central to a firm’s reputation and financial performance and are scrutinized by an array of stakeholders including investors, ratings agencies and clients. ... Continue Reading »
COVID-19: Managing Health System Staffing and Capacity Demands
Information regarding the new coronavirus, which causes the disease commonly referred to as COVID-19, surfaced in early December of 2019 in Wuhan, China. The Centers for Disease Control and Prevention (CDC) reported the first coronavirus case in the United States in late January. As of Tuesday morning (March 10), the number of cases in the US has grown to 747 and will continue ... Continue Reading »
The Paid Family (and Medical) Leave Revolution
The range of employee benefits in the U.S. private sector has looked largely the same for the last 50 years or more. There has been a migration from retirement pensions to 401(k) and 403(b) plans, but the core packages of medical insurance, dental insurance, life insurance and disability insurance have been at the forefront for a long time. Here is some information from the ... Continue Reading »
How to Put People First As the Coronavirus Outbreak Grows
The ongoing novel coronavirus (2019-nCoV) outbreak has dominated headlines and captured public attention over the last several weeks. And with good reason: Thousands of cases and hundreds of deaths from the virus have been confirmed globally, according to the World Health Organization, which has declared the outbreak a public emergency of international concern. ... Continue Reading »
