Artificial intelligence (AI) has embedded itself into the business landscape. No longer the purview of Big Tech companies alone, firms across various industries are actively integrating AI into their processes, acquiring tech startups and scouting opportunities to deploy the technology in the near future. COVID-19 has only accelerated this trend as businesses have had to ... Continue Reading »
technology
Global Risks Report 2021: Drive Towards Technology Governance
Rapid technological changes, digitalization in particular, have already transformed the characteristics of risks assumed by the (re)insurance market. COVID-19 will only accelerate these trends. Cyber is a working example of how the risk transfer sector is capable of responding to transformative developments, and it provides a glimpse into the growth potential on offer as new ... Continue Reading »
Global Risks Report 2021: Reflections on COVID-19 – Risk Financing
The (re)insurance industry, policyholders and governments throughout the world must come together on an approach that offers relief to those who need it now and develop a plan to implement mitigation strategies and a response mechanism for future pandemic events. ... Continue Reading »
GC Capital Ideas Top Cyber Insights of 2020
Here we highlight the most popular stories on cyber that appeared in 2020 on GC Capital Ideas. ... Continue Reading »
Key Cyber Risk Concerns and Claims Trends
The similarities between a pandemic and a cyber attack should have all insurers reconsidering their stress scenarios. Key cyber risk concerns can be divided broadly into three categories, those related to silent cyber (non-cyber insurance policies that are liable for a cyber loss), claims trends and the effects of COVID-19. ... Continue Reading »
Captive Managers – A Light in the Darkness
In an interview with Captive International, Rob Collins, Managing Director and North American Sales Leader, Guy Carpenter, discussed captives and the importance of working alongside trusted partners amid the increasing opportunities provided by new technologies. ... Continue Reading »
Chart: Strong Growth in Cyber Premium Volume
The following chart, generated from A.M. Best data and research, shows the strong growth in premium volume for the property and casualty (P&C) industry cyber security segment. ... Continue Reading »
Recent GC Capital Ideas Posts on Cyber
Here we showcase the recent stories that GC Capital Ideas has presented on cyber risks. Particular topics of focus include silent cyber and the intersection of COVID-19 and cyber risk. ... Continue Reading »
Cost Sharing and Telehealth
In the beginning of March 2020, insurers across the country immediately began requesting that barriers to providing care be removed during the pandemic to help them more efficiently test and treat COVID-19 patients. However, on March 18, 2020, Congress passed the Families First Coronavirus Response Act, which required health insurance companies that offer individual and group ... Continue Reading »
How a COVID-19 Vaccine Can Reach Billions of People
As the COVID-19 pandemic and concerns surrounding a second wave of infections continue through autumn, public health concerns remain a top priority for people both in and outside the healthcare industry. ... Continue Reading »
