Top

GC Capital Ideas

Home / Archives for technology

technology

How to Protect Data in an Age of Digital Seamlessness

The trend toward digital seamlessness is accelerating; industries from finance to health care are increasingly using seamless technologies to make it easier for consumers to use their products and services. More than four billion people now own a smartphone, with many using them to buy groceries, manage finances, book travel, arrange deliveries or receive health care, according ... Continue Reading »

Emerging From the Shadows: Casualty

Casualty (re)insurance is often overshadowed by developments in property lines. As the last two years have shown, the human impact and devastating damage caused by catastrophes such as hurricanes, typhoons, wildfires and earthquakes tend to dominate the headlines, according to Julian Alovisi, Head of Research and Publications, Guy Carpenter. The casualty market rarely gets ... Continue Reading »

A Dynamic Approach to Managing Life Reinsurance Arrangements

The traditional life reinsurance model typically involves perpetual treaties linked to an underlying product. In order to create alignment between the contracting parties, the treaty would follow the underlying terms of the product. However, the treaty structure may concurrently include provisions that reduce alignment between the insurer and reinsurer, to the insurer’s d ... Continue Reading »

Modeling Insights

Here we review recent GC Capital Ideas posts covering insights on modeling. Terror: The Role of Technology and Analytics: Terrorism, political violence and other malicious acts differ from other insurable perils in that they are dynamic and adaptive; there is human intent driving the probability and willing the impacts to change. Historic incidents show past trends, but ... Continue Reading »

Digitizing Risk: Don’t Give the Robots Free Rein Just Yet

Before giving artificial intelligence and machine learning free rein, financial firms must ensure that the decisions these programs make do not result in new risks and expensive regulatory breaches. The risk and compliance standards put in place after the financial crisis are not going away. But what if financial institutions could turn the situation into a competitive ... Continue Reading »

Managing Employees Amidst Digital Transformations

While the digital revolution is already underway in most organizations, it is yet to have the kind of impact, positive or negative, that many predicted. As such, most organizations have not yet adopted any design or implementation strategies that would truly leverage the digital revolution by increasing productivity and work outcomes, according to Wolfram Hedrich, Executive ... Continue Reading »

InsurTech is Advancing at an Ever-Increasing Pace – GC@MC Commentary

Fear of disruption was pervasive early in the “InsurTech” era, stemming from indications that major technology companies were entering the sector, such as “Googlezilla”(1) in 2014; Apple’s telematics focused patent activity; (2) and more recently; Amazon’s exploration of insurance aggregator opportunities in the United Kingdom. More current and pressing challenges to incumbency ... Continue Reading »

Directors & Officers Liability: Three Emerging Areas to Watch

As business risk evolves, the pressures on company boards and officers are growing. Gone are the days when the main concerns of directors and officers were related to company mismanagement and misrepresentation claims, according to Sarah Downey, D&O Product Leader, at Guy Carpenter affiliate, Marsh. Chief among potential risks that boards must now deal with are: emerging ... Continue Reading »