The COVID-19 pandemic is a wake-up call for the healthcare industry. There is an opportunity to make the entire system better than before – but only if stakeholders are willing to be bold, according to Akshay Jindal and Frank Roberts, Partner and Principal, respectively, in Oliver Wyman's Health & Life Sciences practice and Amy Zhang, Senior Consultant at Oliver Wyman. O ... Continue Reading »
United States
Building National Resilience: A Strategic Framework For Determining Material Risks
As the risk landscape shifts and the devastation from pandemics and weather events are at the forefront of peoples’ minds, there is an opportunity and an imperative that governments and the (re)insurance industry find new means to partner. By leveraging risk management and risk transfer expertise, such partnerships can help communities build greater resilience and recover more q ... Continue Reading »
Public-Private Partnerships Can Help to Reduce Disaster Suffering: Protecting our Planet and the Public Purse
Victims of flooding events in the United States that are protected by the National Flood Insurance Program (NFIP) recover more quickly, according to Guy Carpenter's Protecting our Planet and the Public Purse report. ... Continue Reading »
Weather Sentinel: Active SCS stretch to end April
Multiple rounds of severe weather impacted the United States over the second half of April. What began as a relatively quiet start to the month quickly changed one week in and maintained a steady pace of heightened activity throughout the remainder of the month. Notable headlines from the past two weeks include: Another weekend outbreak in the Deep South, exactly one week ... Continue Reading »
Weather Sentinel – Damaging Severe Hail/Wind Risk Southern Plains
North Texas, Oklahoma and the southern Mississippi River Valley are increasingly at risk for a severe outbreak through tonight with severe winds and hail the most damaging perils. Expansion of the area of moderate risk and significantly severe wind and hail threats now include the Dallas Ft. Worth Metroplex as well as Oklahoma City and Tulsa, OK. ... Continue Reading »
CAT-i Report: Severe Thunderstorm Activity – U.S. Southeast
Weekend severe thunderstorm activity has affected areas from the Southern Plains to the Atlantic Coast, with especially severe activity reported Sunday, April 12. In particular, several long-track, destructive tornadoes were reported including a confirmed EF-3 crossing portions of Monroe, Louisiana, another EF-3 near Clemson, South Carolina and two significant tornadoes ... Continue Reading »
Estimating the Impact of COVID-19 on the U.S. Medical (Re)Insurance Market
As the COVID-19 situation is changing on a daily basis, the impact to the insurance and reinsurance markets is not yet fully known. However, given the significance of the developments, Guy Carpenter provides our view of how COVID-19 may impact the medical (re)insurance market. ... Continue Reading »
U.S. Severe Thunderstorm Outbreak Expected – Moderate Risk
A probable severe thunderstorm outbreak will affect portions of the Southern Plains and Southeast over the coming weekend, to include possible long-track, destructive tornadoes, significant hail and damaging straight-line winds. ... Continue Reading »
Access to Private Capital Crucial to Governments’ Ability to Enhance Climate Resilience
Severe weather events and demographic challenges are putting an increasing strain on government finances, requiring a rethink of how catastrophic events are funded and a greater use of public-private partnerships to manage risk, according to Guy Carpenter. In a report released today – Protecting our Planet and the Public Purse – Guy Carpenter highlights how the risk lan ... Continue Reading »
CAT-i Bulletin: Tennessee Tornadoes
In the early hours of March 3, 2020, severe thunderstorms spawned multiple tornadoes in Middle Tennessee, including an EF-3 tornado affecting parts of Nashville and a stronger EF-4 tornado in Putnam County. Media reports indicate at least 24 fatalities statewide. Extensive damage to property and infrastructure has been reported in affected areas, with at least 50 homes ... Continue Reading »
