Articles
Insurance
Solutions to the issue of silent cyber are emerging amid the uncertainties, according to Guy Carpenter. But firms must take this issue seriously as regulators and rating agencies are now taking a close interest in the issue with the risk of downgrades very real for companies that do not get a handle on the challenge. 22 October 2019
Insurance
As the reinsurance industry continues to struggle to find sustainable growth, there remain several US government bodies that would benefit from moving risk into the private sector. 22 October 2019
Insurance
Demand for secondary perils forecasts is growing, with a rise in interest from traditional reinsurers in the US and insurance-linked securities (ILS) funds, according to Chris Ewing, head of client management for Aon’s Impact Forecasting division. 22 October 2019
Insurance
Beach believes it is a great time to be a smaller broker, and is not daunted by the challenge of competing with the “big three”. 22 October 2019
Insurance
The re/insurance industry is facing a looming recruitment crisis, with many key figures now approaching retirement age and not enough effort being focused on bringing in the next generation of leaders and innovators, panellists agreed at the Guy Carpenter symposium on Sunday. 22 October 2019
Insurance
Insurers and reinsurers are entering a period of significant challenges that will affect the products that are offered and the very way they do business, Jon Hancock, director of performance management at Lloyd’s, said at the Guy Carpenter symposium at Baden-Baden on Sunday. 22 October 2019
Insurance
The reinsurance industry has more to gain by working together than constantly competing, according to speakers at the Guy Carpenter Reinsurance Symposium, which kicked off the Reinsurance Meeting at Baden-Baden. 22 October 2019
Insurance
The heavy losses the industry has borne in the past two years caused by so-called secondary perils have forced something of a reset in the mentality of re/insurers, whereby some are relying less on the pure output from risk models and more on their own individual view of the risk before them. 21 October 2019
Insurance
Pricing across the risk transfer market continues to resemble a U-curve, with primary rates increasing, retrocessional rates increasing—but reinsurance pricing remaining stubbornly flat with only loss-hit accounts experiencing any meaningful rate hikes. 21 October 2019
Insurance
The market should brace itself for some disruption if the Terrorism Risk Insurance Act (TRIA) is not extended in 2020—and carriers should definitely assume that changes to the terrorism backstop will be made, and prepare accordingly. 21 October 2019
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