Week in Review

Silent Cyber – No Longer Silent: Silent (or non-affirmative) cyber refers to cyber-related exposure within many all-risk general insurance products. If no explicit cyber exclusion applies, coverage for losses caused by cyber perils may apply. This underlying exposure’s potential for aggregated loss is currently one of the major issues being considered by the (re)insurance ind ... Continue Reading »

Webinar - Cyber Risk in the COVID-19 Pandemic: Marsh & McLennan hosted a recent webinar where cyber experts from affiliates Guy Carpenter, Oliver Wyman and Marsh discussed the impacts of COVID-19 on the cyber threat landscape. The webinar, hosted by Siobhan O’Brien, Head of Guy Carpenter’s International Cyber Center of Excellence, delves into how to manage through the imm ... Continue Reading »

Reinsurance Resilience and Value - Protecting our Planet and the Public Purse: The global reinsurance market has been fundamental to the management and mitigation of risk for over 150 years. Guy Carpenter’s Protecting our Planet and the Public Purse report examines how the reinsurance market’s innate ability and desire to innovate and evolve through different market cycles and p ... 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. Read the article >> Making Good Decisions in Bad Times - Critical Capabilities For Effective Liquidity ... Continue Reading »

How Ransomware Threats and Regulatory Pressures are Driving Cyber (Re)insurance Sales: What is motivating cyber (re)insurance sales? Guy Carpenter’s Cyber Year in Brief and 2020 Outlook explores how the threat of ransomware and associated high costs of regulatory actions have driven clients to purchase cyber insurance cover for the first time, or to reassess the adequacy of c ... Continue Reading »

June 1, 2020 Reinsurance Renewal - COVID-19 Looks Set to Rank Among the Sector’s Most Expensive Events: Although considerable uncertainty remains over its ultimate cost, COVID-19 looks set to rank among the sector’s most expensive events. The pandemic has the potential to bring unknown loss impacts. It is also likely to be one of the slowest developing catastrophes that car ... Continue Reading »

Hurricane Season - Elevated Storm Activity in the North Atlantic Basin: Current hurricane predictions indicate elevated storm activity in the North Atlantic basin. These include a forecast from The National Oceanic and Atmospheric Administration (NOAA) Climate Prediction Center of six to 10 hurricanes and three to six major hurricanes, compared to averages of six and two, ... Continue Reading »

Loss Reserve Protection Covers - Amid an Unprecedented Confluence of Headwinds, Solutions for Achieving Capital Optimization: The COVID-19 pandemic clearly presents significant challenges to insurers, but it is also becoming increasingly clear that (re)insurers are likely entering a far more favorable underwriting environment. After years of relative stability brought about by ... Continue Reading »

Financial Market Resilience - Three Waves of Action for Market Infrastructure Firms in the Aftermath of COVID-19: COVID-19 will play a crucial role in defining how financial market infrastructure evolves over the next decade. In a new report, Guy Carpenter-affiliate Oliver Wyman outlines three waves of management action to help navigate the challenges ahead. The report was ... Continue Reading »

COVID-19 - Current and Future Impacts on Medical Insurance: As we learn more about the COVID-19 virus, societal responses and vaccine development, our collective knowledge continues to develop. Throughout this time, Guy Carpenter is continually connecting with our clients and business associates to gather the key questions health insurers are asking along with the range of ... Continue Reading »