Seasonal outlooks generally call for a near-normal hurricane season, relative to the 1981-2010 average. The 2019 season comes after an active 2018 season with 15 named storms, including significant impacts from Hurricanes Florence and Michael. While the traditional hurricane season begins June 1 in the North Atlantic Basin, Subtropical Storm Andrea made a brief appearance ... Continue Reading »
Weather
New products and data key to building more resilient societies, says Schauble; MMC Young Professionals’ Global Forum 2019
As climate change rises up the agenda, there are huge opportunities to help companies manage risk in the burgeoning weather protection market, said Barney Schauble, Managing Principal, Nephila Advisors. Speaking at the MMC Rising Professionals' Global Forum, he said: "It feels like the early days of the catastrophe ILS market." ... Continue Reading »
The Middle East and North Africa Risks Landscape
The results of climate inaction are becoming increasingly clear. The year 2018 was the fourth warmest on record (1). In the MENA region, Algeria had the hottest temperature - 51.3ºC - ever reliably recorded across the whole of Africa, and Oman recorded a minimum temperature of 42.6ºC (2). Rising temperatures led the United Nations to warn that melting ice sheets were causing s ... Continue Reading »
Investing in a Time of Climate Change – The Sequel
A new report, Investing in a Time of Climate Change — The Sequel, documents Mercer’s latest climate scenario model for assessing the effects of both climate-related physical damages (physical risks) and the transition to a low-carbon economy (transition risks) on investment return expectations. The Sequel models three climate change scenarios, a 2°C, 3°C and 4°C average warming ... Continue Reading »
Environmental Disasters Leading to Increased Disruption to Supply-Chains
As environmental risks crystallize with increasing frequency and severity, the impact on global value chains is likely to intensify, weakening overall resilience, according to Global Risks Report 2019, which was produced by the World Economic Forum with the support of Guy Carpenter's parent company, Marsh & McLennan Companies. ... Continue Reading »
GC Videocast – Global Risks Report 2019
John Drzik, President of Global Risk and Digital at Guy Carpenter's sister company, Marsh, explains the key findings and takeaways from The Global Risks Report 2019. The 14th edition of The Global Risks Report is prepared by the World Economic Forum with the support of Guy Carpenter's parent company, Marsh & McLennan Companies. ... Continue Reading »
Taiwan: Catastrophe Insurance and Gap in Coverage
Taiwan has experienced a series of extreme weather events in recent years, which are expected to continue into the future, says the report 14 Shades of Risk In Asia-Pacific: Evolving Risk Concerns in Asia-Pacific by Marsh & McLennan Companies’ Asia-Pacific Risk Center. ... Continue Reading »
Marsh & McLennan Companies Climate Resilience Microsite
Extreme weather events, shifting regulations, evolving competition and increased actions by investors are just some of the challenges facing organizations - all driven by a growing focus on climate change. ... Continue Reading »
Increasing Frequency of Extreme Weather Events in Asia Pacific
The Asia Pacific may be the most adversely impacted region by the pronounced increase in the frequency of extreme weather events around the world. The Guy Carpenter Asia-Pacific Catastrophe Report 2017 projects an increase in economic losses from natural disasters in Asia, which amounted to USD 126 million a day between 2006 to 2015 (1). ... Continue Reading »
