Week in Review

Video - The Reinsurance Market and Climate Change: In this video, Jessica Turner, Senior Vice President, Catastrophe Advisory at Guy Carpenter, explains to The Insurer how firms need to incorporate climate change and related risk factors into their decision making. Read the article >> Why 2020 Has Made the Ever-Evolving Cyber Landscape Even More Dynamic: The ... Continue Reading »

Why 2020 Has Made the Ever-Evolving Cyber Landscape Even More Dynamic: Businesses continue to embrace technological innovation despite the fact that doing so may lead to the emergence of new and unforeseen risks. As regulators formalize capital requirements and qualitative measurements of risk appetite in this rapidly evolving market, companies will be required to enhance cyber ... Continue Reading »

Risk-Based Capital Stress Testing: As companies continue to navigate the repercussions of COVID-19, it is important that they understand the pandemic’s impact on risk-based capital (RBC). Insurers are dealing with COVID-19’s effects on assets and liabilities, both of which can affect capital levels. Read the article >> Climate Change is an Opportunity for Business to ... Continue Reading »

Standard & Poor’s Outlook on COVID-19 – Overview: GC Capital Ideas recently featured a four-part article on Standard & Poor’s (S&P) assessment of COVID-19’s impact across the insurance and reinsurance markets. The series discusses the pandemic’s effect on U.S. property & casualty (P&C) insurance, U.S. life insurance, global reinsurance and stress test modelin ... Continue Reading »

Why We Need Community-Based Catastrophe Insurance: As disaster losses escalate around the globe, the difference between economic damages and the amount that is insured — known as the natural catastrophe protection gap — is an issue of increasing focus for community leaders and policymakers. Read the article >> Mid-Year 2020 Reinsurance Renewal - Guy Carpenter U.S. Pr ... Continue Reading »

Political Risk Map 2020 - Mid-Year Update for Asia-Pacific: As the region hit first by COVID-19, many countries in Asia-Pacific experienced a sharp rise in economic risk early in the year. Almost two-thirds (64 percent) of the countries rated by Guy Carpenter-affiliate Marsh JLT Specialty’s World Risk Review (WRR) experienced an increase in their country economic risk rating of ... Continue Reading »

Chart - Significant Insured Catastrophe Losses 2011 – 1H2020: The following chart shows significant insured catastrophe losses between 2011 and the first half of 2020. View the chart >> Building Climate-Resilient Infrastructure in the Post-Pandemic World: With the global economy facing its deepest economic contraction since the second world war, many governments are ... Continue Reading »

Chart - Dedicated Reinsurance Sector Capital 2012 – 1H2020: The following chart shows that total dedicated reinsurance capital was resilient at the end of the first half of 2020, recording a marginal increase of 1 percent overall from year-end 2019. View the chart >> Podcast - Telehealth and Predictions on Medicine’s Future Following COVID-19: Telehealth’s spike in r ... Continue Reading »

Mid-Year 2020 Reinsurance Renewal – Capital: A preliminary estimate calculated by Guy Carpenter and A.M. Best indicates that total dedicated reinsurance capital was resilient at the end of the first half of 2020, recording a marginal increase of 1 percent overall from year-end 2019. Recovering financial markets and asset valuations during the second quarter of 2020 have helped s ... Continue Reading »

Analysis of Potential Medical Claims Related to COVID-19: Examples of the types of direct insurance claims associated with COVID-19 include testing, doctor and emergency room visits, hospital admissions, stays in intensive care units and end of life care. Insurance costs in the United States associated with an inpatient hospital stay for pneumonia (a common complication from ... Continue Reading »